GET OUT OF STOCKS BEFORE IT IS TOO LATE!

I have been urging all my family and friends to get out of their stocks and get into gold, silver or cash for over a year now. I read Weber’s Global Opportunity Report, and he has always been right on! Recently, I read his story that I will share with you.

A 16-year old paperboy named Chris Weber from Phoenix, Arizona, had just been dumped by his girlfriend. It was a hot summer that year, and Chris thought he'd stay at home and read books. The first book he read was Harry Browne's How You Can Profit from the Coming Devaluation.

"It was a revelation," says Chris. "It is still the best explanation of what money is, and how it develops, that I have ever read. After that, it was 'off to the races...'"

At the time, the world was living in a fixed currency system. The U.S. government had set the gold price at $35 an ounce, and foreign currencies were fixed against the dollar. The U.S., therefore, had the wonderful power to print paper dollars and tell the rest of the world they were redeemable for gold. The problem was, the government started abusing this privilege in the late 1960s, inflating the dollar to pay for Vietnam.

Chris realized the system couldn't last, and sooner or later the country would have to devalue the dollar against gold. So in July 1971, he bicycled down to the local coin dealer and spent $650 – all the money he had saved from his paper route – on British gold sovereign coins. (At the time, it was still illegal for Americans to own gold. Collectors' coins were exempt. The coins cost $12 each.)

His timing was perfect. By the end of the summer, foreign governments had stopped supporting the dollar and were asking for gold instead. On August 15, 1971, President Nixon closed the "gold window." He cut the link between the U.S. dollar and gold. That December, Nixon devalued the dollar against gold by about 8.5%.

As the price started going up, Chris started trading his gold coins back and forth at the local coin shop. “I still don't know how I did it, but when I thought the price was going up too far, too fast, and had gotten ahead of itself, I sold my coins. I waited until I thought the rise was going again and then I would buy them back. By the time I finished high school in Phoenix, Arizona, I was rich," Chris says.

In 1980, by the end of the decade, gold hit $850 an ounce and Chris' little gold sovereigns were over $300 each. When he saw the crowd piling in with gold at its high, he knew the game was up. He dumped his gold coins and invested the profits in 20% Treasury bonds... an investment he still holds today.

The paper route at age 16 was the last job Chris ever had. Chris has since made millions from his investments and spent his life traveling around the world. He thankfully records his thoughts on stocks, currencies, and commodities in his Weber Global Opportunities Report.

Chris Weber now holds all of his money in cash and gold!

Sean Goldsmith interviewed Chris last week. Chris now says "This continues to be a time to be safe and on the sidelines. I believe that the ultimate lows of the stock market are going to be much lower than even today's prices, but it may take years – and months of fake rallies – to get us there."

God says, “A fool and his money are soon parted.” So let’s get smart before it’s too late!!