Gold is about to skyrocket!

Devaluation of currencies across the globe have rendered paper money close to valueless. It has been repeatedly said that gold is the only true currency and when all else fails, gold will survive.

In a depression, recession, or any stock market collapse, gold has been known to hold its own. Anyone who has owned gold over the last 1-2 years has not seen a depreciation in their asset. In fact, it has appreciated.

See the following gold chart from kitco.com



Gold has been making a flag pattern delimited by the blue dotted lines. Notice that it keeps bouncing off near the 1000 mark. However, note that the lows continue to get higher. So there is a consistent roof, but the floor keeps rising. In the market panic in 2008, gold broke the bottom of the flag but thats OK since it was market capitulation. The technicals for the flag pattern are still valid. Once gold breaks the 1000 mark, we will see it shoot up very quickly to never before seen highs.

Gold has been sitting on the launchpad for quite some time and is about to skyrocket to very very high levels. Trust the only true currency... BUY GOLD!