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Real Wealth #208 11/26/2008 Wall Street Journal Reports: Al Qaeda Backed Militants May Seize Power in PakistanNote: Correction in bold and underlinedDear Subscribers, I’ve been warning there’s a danger or al Qaeda backed militants seizing power in Pakistan and gaining control of that nation’s nuclear arsenal. The ramifications of this event cannot be OVERSTATED. This mornings Wall Street Journal include an article that clearly shows my concerns are shared at the highest levels of not only the Bush Administration but also of the incoming President Elect. The article is titled: Al Qaeda's Focus Is Pakistan, U.S. Senior Commander Says. Here’s a quick quote to give you a better understanding of the danger... "Iraq is now a rear-guard action on the part of al Qaeda," said Gen. James Conway, the head of the Marine Corps and a member of the Joint Chiefs of Staff, in an interview. "They've changed their strategic focus not to Afghanistan but to Pakistan, because Pakistan is the closest place where you have the nexus of terrorism and nuclear weapons." Gen. Conway also offered a stark assessment of the Afghan situation, saying the Taliban has built a rudimentary command-and-control network that enables the group's leadership to direct attacks across the country. "They move troops around. They resupply. They provide money," he said. "It's effective and it's real. It's not just happenstance that these guys know where to go and what to do." If a militant takeover occurs in Pakistan at anytime in the near future while the world’s financial markets are still looking to gain a steady footing, the impact would be absolutely devastating. We could see 1000 even 2000 points vaporized from the Dow Jones (Dow 6000) very quickly. Gold could very well jump $500 an ounce. I believe this is what a recent threat attributed to Osama bin Laden was referring i.e. a new attack by al Qaeda would change the political and economic landscape of the world. Threats in recent days against British and U.S. Transit systems including the NYC subway systems should be considered serious. A militant takeover in Pakistan should be considered the stuff of nightmares. I’m heading Geneva, Switzerland on Friday in search of a nice little group of gold coins. There have been many published reports about how there’s a world shortage of gold coins and that demand is overwhelming supply. It’s 100% true. Of the 100 MS64 NGC and PCGS Saint Gaudens $20 Gold Coins I purchased last week I have less than 35 left. I bought them when gold was at or near $712 an ounce and am passing the savings along to those buying them. Now I’m literally running across the globe to hunt for a new supply. I have no doubt that gold will rise to $2,500 in the next few years, my only concern is an event like a militant coup d'etat in Pakistan would accelerate gold’s rise and leave many of my readers without enough gold to hedge their paper investment and threaten their financial survival. My gold specialists will be back in the office on Friday you can reach them to lock up at our special pricing one or all of the remaining MS64 NGC and PCGS Saint Gaudens $20 Gold Coins 1-561-750-1716 or let them know you want first shot at the gold coins I bring back with me next week from Switzerland. From all of us at Gold & Energy Advisor and my family have a Happy Thanksgiving...God Bless America! Best Wishes, James DiGeorgia Please see risk disclosure link below. |