Gold $1,000

Now for the good news... today we have some of the greatest investment opportunities of a lifetime. The major sell-off of 2008-2009 has thrown the baby out with the bath water. Don't be fooled, however, we are not out of the woods and certain areas such as financials, retail, real estate, and anything related to the U.S. consumer are still particularly vulnerable.

The "cash for clunkers" program which is being hailed as a great success is about the worst idea that the U.S. government has ever hatched. We are currently destroying perfectly good cars to push the U.S. consumer further into debt to buy new cars in a feeble attempt to save the automobile industry. The real kicker is that most of the money went to foreign car companies like Toyota!

IMHO, the greatest investment opportunity today is GOLD below $1,000 per oz. The inflationary pressures will almost certainly push up this store of value as the value of the dollar falls. The easiest way to invest is a gold exchange traded fund under the ticker symbol "GLD". This ETF is priced at approx. 1/10 the value of an ounce of gold (same goes for silver under the ticker symbol "SLV").