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Dear Investor,
As I scour through my daily reading, I see strong evidence that many of my direst predictions are coming true. The US government has made the wrong moves every step of the way, and I believe we're heading into a worst-case scenario.
Consider this:
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Standard and Poor's has placed the US on "watch" status, meaning that there is a 1 in 3 chance that the government will lose its coveted AAA credit rating. This event, if it were to occur, would cause interest rates to jump and the US to face default.
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Finland's new government is against bailing out Portugal, and the German government is facing a popular revolt over its support of the bailouts. The possible bankruptcy of several EU countries may play havoc with the euro.
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China continues to talk about diversifying its foreign currency holdings away from the dollar. Meanwhile, Chinese inflation is steadily increasing every month, adding pressure to diversify soon.
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What really caught my interest, however, was one story that passed through the news cycle with barely a whisper this past week:
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The University of Texas endowment, second largest in the nation after Harvard, just invested 5% of its assets, $1 billion, in physical gold. Not ETFs, futures contracts, derivatives... just pure physical bullion.
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I believe this is really big news.
Fund managers are trained to trade in paper instruments — stocks, bonds, futures, options. For someone charged with managing money for a fund like the University of Texas to decide to take physical delivery of massive amounts of gold, that manager must have lost faith that US markets will continue to function in the coming years.
I've worked on Wall Street my entire career and I've never known fund managers to stick their necks out on any investment. They are entrusted with billions of other people's money, and their safest bet is to follow conventional wisdom. That way, if there are any losses, they can say, "look, everyone else was doing the same thing." These guys and gals move like a herd of buffalo.
That's one reason this news is so exciting. U of T has opened the doors for US institutions to start diversifying into physical gold, as I'm sure they've been wanting to do for some time. This may be a watershed moment in driving gold demand in this $350 billion sector — and beyond into hedge funds, mutual funds, pension funds, and sovereign wealth funds.
I encourage you to look where the smart money is looking. The US dollar is hitting new lows and out of second chances. The writing is on the wall. It's time to diversify at least 5-10% of your assets into physical precious metals before this new gold rush begins in earnest.
I started Euro Pacific Precious Metals a year ago to provide a reliable way for investors to purchase gold and silver bars and coins at competitive prices. We do not sell numismatics, proof sets, commemoratives, or leveraged contracts, which I believe are a poor way to invest in precious metals.
Our metals specialists can help you get started, and give you complete information about purchasing gold and silver.
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CALL 888-GOLD-160 TODAY
If you prefer, a broker can call you back at your convenience.
CLICK HERE to request a callback.
Also, be sure to stop by our website: www.europacmetals.com
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Cordially,
Peter
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