BREAKING NEWS:
The U.S. Dollar Is About To
Enter A Protracted Decline...

...And Is On The Verge Of
Being Abandoned By
The Obama Administration

Dear Fellow Investor,

Welcome to your second issue of "Golden Opportunities." I think you'll find this to be just as profitable — and vitally important — as the first one.

In this issue, I'm going to show you how the U.S. is on the verge of the most shocking...and disastrous...development in its economic history.

I'm also going to show how you can — how you simply must — prepare for this eventuality right now.

But first, let me remind you why you're receiving this special alert....

As you'll remember, I decided to start publishing Golden Opportunities because of the sheer volume of invaluable market intelligence I get on a daily basis.

As the host of the fabled New Orleans Investment Conference, for example, I talk and correspond with many of the most successful investors of our time.

Add in my friends, colleagues and brokers sitting in financial centers around the world, all passing along their latest discoveries, and my office is like a nexus of insights, strategies...and, yes, hot tips...that other investors would pay thousands of dollars to get their hands on.

Of course, most of these "golden opportunities" are passed right along to my loyal, paying subscribers to Gold Newsletter and its associated Alert Service.

But some of these picks and ideas have nothing to do with the metals and resource stocks, so they never make into Gold Newsletter. And some of them still represent rich opportunities even after the've been appropriately presented to my paid readership.

This letter is designed to present these opportunities to you and the rest of our valued clients, whether or not you're currently a Gold Newsletter subscriber.

There's no set schedule for this letter. You get it only when there's a vitally important late-breaking development or a particularly rich opportunity emerges.

Our first issue, delivered when oil was trading around $50 a barrel, recommended two specific oil plays: Bankers Petroleum (BNK.TO) and our proprietary "Gusher Strategy."

In the days that followed, as oil soared to over $70 a barrel, Bankers gained 35%, and our Gusher Strategy did much better (the precise gain would depend on when and how you would have executed the strategy).

While oil subsequently fell back, it's rallying again right now. Over the coming year, I expect crude prices to surge far higher, and these two picks should multiply those gains.

Those are rich opportunities, to be sure.

But what I'm writing you about now is a development that represents both an opportunity and a risk. If you prepare for it appropriately, you could reap a fortune.

And if you ignore it, you could lose one.

The Coming Dollar Dump

I've been writing for years about what would happen if America's trading partners — China, Japan, India and all of the other nations holding trillions of U.S. dollars in their reserves — decided to exit the greenback.

Of course, the relative value of the dollar would quickly plummet. And that's precisely why I've cautioned investors not to count on this happening. No nation holding such huge quantities of dollars would act in a way that would seriously threaten the value of their holdings.

So they'd never simply dump the dollar. Not unless they were forced...or allowed...to.

And — according to the information I'm getting — one or both of these developments could occur in the very near future.

What am I talking about here? First, let's examine the possibility that our trading partners will be forced to abandon the dollar....

Federal Reserve Economist:
Interest Rates To Double

It's one thing for you, me or some other curmudgeonly gold bug to say that the massive deficits we're running up will double interest rates and cripple American prosperity.

It's quite another thing when a Federal Reserve economist says it.

Just a few days ago, Philip Aldrick, the banking editor for London's Telegraph newspaper, published a startling discovery: It seems that, in 2003, the Federal Reserve's senior economist released a study showing the effects of rising federal deficits and debt on interest rates.

At the time, Thomas Laubach was simply preparing a scholarly paper. He had no idea that, a few years later, his work would have shocking implications for the U.S. economy.

And those implications are: The spike in the U.S. deficit and debt will inevitably lead to a doubling of long-term interest rates.

You can read Aldrick's article here. But the upshot is this: Such a dramatic increase in long-term rates will lead to a "debt explosion" with "horrifying" consequences.

The only way to pay down that debt...the single and solitary path out of the mess...would be to inflate it away.

And whether you're talking about "high inflation" or "hyper-inflation," the end result will be far higher prices for gold, silver and other commodities.

And while these assets will soar, many investors may be surprised to discover that stocks may also do very well, at least initially.

Marc Faber:
Don't Count Stocks Out:

I e-mailed Marc Faber the other day to get his take on the markets. As you probably know, Marc is the legendary editor and publisher of "The Gloom, Boom & Doom Report" (www.gloomboomdoom.com), which is one of the most intelligently written, insightful and deadly accurate investment newsletters to be found anywhere.

(Marc's views are eagerly sought out by everyone from the largest institutions to individual investors, and he rarely makes personal appearances. But he's been a regular presenter at the New Orleans Investment Conference, and he's getting ready to make a blockbuster appearance at this year's event.)

Marc has an uncanny talent for seeing both the big picture as well as the details. Looking at the near term, he notes that, while gold and other assets will benefit from a falling dollar, the stock market could also do very well.

"...Whereas I agree with my peers who are very negative about the global economy, and specifically about the U.S., given the predisposition of central bankers around the world to print money, and to print even more money should economic conditions deteriorate further, stock markets could still move up and even make new highs in paper money," he writes. "From time to time stock markets could even rally strongly in gold terms, as has been the case since early March....

"However, given my views on central banks' reflationary policies (leading the pack is the U.S. Federal Reserve), new market lows are most unlikely. Also, the renewed U.S. dollar weakness is constructive for asset markets. As I have explained before, strong asset markets between 2002 and 2007 were accompanied by a weak U.S. dollar. But when global liquidity began to contract towards the end of 2007 (at least in relative terms), weak asset markets followed in 2008, while the U.S. dollar was strong. (A weak U.S. dollar = strong asset markets; a strong U.S. dollar = weak asset markets.)"

So, while the spring rally in stocks faltered, Marc doesn't foresee a major correction that will test the previous lows. At least not during the rapid dollar creation that is now ongoing.

Of course, Marc is referring to your typical, ordinary dollar debasement. He isn't talking about a frightening development that I fear lies directly ahead...

Uncle Sam Winks As The World
Tosses The Dollar Overboard

As you may know, there's a growing movement in the international community for a new reserve currency system that would greatly diminish the role of the U.S. dollar.

China and Russia have been the loudest and most insistent anti-dollar agitators so far, but they've recently been joined by the rest of the "BRIC" gang (India and Brazil), while France and other European nations have also begun carping about the dollar's dominance.

I've talked about this anti-dollar chatter for some time in Gold Newsletter. While I've noted that any serious movement to depose the dollar as the king of fiat currencies would be very bullish for gold, I've dismissed the likelihood that the dollar will ever be deposed as the king of fiat currencies.

Now I'm not so sure.

You see, there are many advantages that come along with having your national currency serve as the international medium of exchange. Primary among these is the ability to export many of your economic problems to other regimes. So it's a good and desirable position to be in.

For this reason, throughout human history the role of international reserve currency has naturally devolved to the dominant military power of the age. During the Roman empire, the visage of Caesar could be found on coins circulated throughout the Western world. When England ruled the seas during the Victorian era, the pound was the standard-bearer for all the world's currencies.

And after America grew to become the world's most powerful nation in both military and economic terms in the first half of the 20th Century, the U.S. dollar became the top dog among the world's fiat currencies.

It wasn't easy to attain this lofty status. The price was dear in terms of treasure and blood.

But at this point, with no other military superpower around, it's not that difficult of a position for the U.S. to keep. All that's needed is to maintain the current level of military might and reasonable economic growth.

In other words, given our current status, it would be very difficult to lose our role as the world's economic bell cow. If it were to happen, history would judge the event as one of the greatest economic and political failures since the dawn of human civilization.

Frankly, the only way this could happen would be if we allowed it to happen.

Which is why I'm worried now.

When you consider that President Obama has traveled to Russia with an armful of concessions, eager to negotiate on equal terms with this second-tier nation, then you begin to think that perhaps he doesn't understand America's position in the world.

When you consider that he has already toured Europe's capitals apologizing for our previous arrogance...

...When you consider that his administration is pushing through "green" legislation that will unfairly burden our economy for no real gain in global carbon emissions...

...And when you consider the President Obama is generally trying his best to make sure our overseas friends and enemies like us...

...Then you begin to wonder if Obama really wants America to keep its mantle of global leadership.

Given all this, it seems at least plausible to me that, if presented with some new global reserve scheme with roles for the world's major trading currencies, that the Obama administration might roll over in the interests of "fairness" or "justice."

Remember, Secretary Geithner has already been guilty of a slip of the tongue along these lines.

Such a development would be an absolute travesty — a complete abandonment of duty to America's best interests.

I wrote all about this in the current issue of Gold Newsletter. And still, I had to admit that such an abandonment of the dollar was a long-shot possibility at best.

Then came the G8 Summit.

No U.S. Opposition
To The Dollar Dump

These days, there's usually nothing of much importance that comes out of these periodic meetings of the world's real and "wanna-be" economic powers.

But last week's G8 Summit in Italy brought a real shocker — one that most of the world's investors have yet to appreciate.

It was here that China's representative, Mr. Dai Bingguo renewed his nation's call for a new reserve currency system that diminished the role of the dollar.

That in itself wasn't surprising. But the real stunner was what did...and didn't...happen following Mr. Dai's statement.

My friend Dennis Gartman, of the famed Gartman Letter, captured it best:

"Mr. Dai's comments were then echoed by comments by French President Sarkozy, who also took the dollar's hegemonic position to task, noting that France 'supports a multi-currency reserve system' and that the world 'cannot remain based on a single currency' system. As we noted, rather ominously, Mr. Sarkozy said that the world has to ask itself 'Shouldn't a politically multi-polar world correspond to an economically multi-money world?'

"This is a question being asked...but not yet fully answered...on a more and more regular basis. Under Reagan, or even under either of the Bushes, this question would have been answered rather briskly, 'No, we do not need to do so' and that would have been that. Mr. Reagan, or either of the Bushes, would have then made certain that the world understood the military might of the U.S. and the debate regarding the singularity of the world reserve currency regime would have been rendered moot. That, as they say, would have been that.

"But that is not that in the current world. Under Obama, the U.S.' military presence is damped down; the hegemonic nature of the reserve currency status is not deemed as important nor is as important to the Obama regime as it was to regimes past. The Obama Administration is hardly concerned at all about the status of the U.S. dollar as the world's reserve currency, and instead seems content to allow more and greater talk about an internationalized, multi-currency reserve system.

"Rather than taking Mr. Dai's comments on directly, the Obama Administration has met them with very clear silence, and as Sir Thomas More taught us all, 'Silence denotes consent.'"

Dennis Gartman is among the smartest and best-connected traders in the world today. This year at the New Orleans Investment Conference, he's going to tell us how we can prepare for a potential dumping of the dollar as the world's reserve currency.

He's also going to give us an inside look at the latest high-powered trading strategies he and the world's most successful hedge funds are putting into action.

His presentation will be especially timely, because this may be our last chance to prepare for a development with two potential outcomes....

Two Obvious Replacements
For The Dollar

If President Obama allows the U.S. dollar to be deposed as the world's reserve currency, there are two candidates to replace it:

1) Special Drawing Rights (SDRs) issued by the IMF. Already based on a weighted average of the dollar, euro, yen and pound, the SDR would likely add the Chinese yuan to the mix.

This option would allow China and other nations that are currently overloaded with dollars to simply transfer these positions into SDRs, without suffering the losses in value associated with selling their dollars outright. Any losses would be absorbed by the IMF, and lessened by the corresponding rise in value of the other currencies in the SDR mix.

If this option is chosen, the dollar would be instantly and dramatically devalued...and gold would correspondingly increase in value.

2) Gold. Simply put, gold could be chosen as the new reserve currency, or included in the SDR mix. While there are obvious problems with this approach, most of them can be overcome by merely revaluing gold to reflect its scarcity relative to fiat currencies.

In other words, gold would be instantly assigned a value equivalent to thousands of dollars per ounce.

Of course, some may think this scenario is unlikely, considering that China and many other nations have relatively little gold in their central bank coffers.

But then again, why have Western central banks stopped selling their gold over the last couple of years...and why have the Eastern central banks begun buying it?

What You Need To Do NOW
To Protect Yourself

Under either of the two scenarios above — and really, under any realistic scenario you can imagine — we are going to be faced with far higher inflation, a massive devaluation of the U.S. dollar, and an extraordinary rise in the value of gold.

As I said at the beginning of this letter, if you prepare properly for these developments, you can reap a fortune. If you don't, you'll undoubtedly lose one.

There are two things you can do now to get ready:

1) Buy gold and gold stocks. My most recent recommendations in Gold Newsletter — Mantra Mining (MAN.V), Underworld Resources (UW.V) and Rare Element Resources (RES.V) have soared 113%, 315% and 227% respectively.

All three of these companies still represent premier opportunities — especially Underworld, which has come back a bit in price from its recent highs, and has substantial news flow ahead from its current drilling program.

But there's one stock that I have to say is my "Top Pick" right now. And you can find out all about it, if you follow my second piece of advice...

2) Register for the New Orleans Investment Conference. As I noted, both Marc Faber and Dennis Gartman are coming to give our exclusive audience their top recommendations.

But our power-packed agenda doesn't end there. Investors have been buzzing over the entire line-up for New Orleans 2009, being held from October 8-11.

First off, most of today's top gold and gold stock analysts will be there, presenting their top picks and strategies.

Of course, a big highlight will be the debate between Karl Rove, Doug Casey and Howard Dean.

And registrants are looking forward to getting the clear, unhedged views of Rick Santelli...Peter Schiff...Adrian Day...Frank Holmes...Walter "John" Williams...Rick Rule...Bob Prechter...Ian McAvity...Mary Anne and Pamela Aden...Gene Arensberg...Thom Calandra...David Coffin...Brent Cook...Adam Fleming...Mickey Fulp...Jeffrey Hirsch...Steven Hochberg...Bob Hoye...Greg McCoach...Bob Meier...Jon Nadler...Chris Powell...Lawrence Roulston...Mark Skousen...Frank Trotter...and many, many more.

Peter Schiff

Rick Rule

But we're not resting on our laurels yet; we're continuing to add fascinating speakers, and value, to this year’s line up.

In fact, I can now announce that Rick Santelli will be presenting at New Orleans 2009.

As you'll remember, it was Rick's rant against the Obama administration's housing bailout plan on February 19 that helped spark national outrage against the federal bailouts and spending binge, and helped ignite the entire "Tea Party" movement.

Now you'll get to hear Rick's story in person, and get his unabashed opinions in the intimate setting of New Orleans 2009. It's rare that we get to be a part of important turning points in political history, and this event will allow you to do just that.

And there's more: We've also added Robert Ringer, repeated No. 1 best-selling author and one of the most eloquent proponents of individual liberty and responsibility in recent history.

Plus, we've just confirmed Dr. Stephen Leeb, senior editor of The Complete Investor and one of the most successful and highly respected investment newsletter editors in history.

New Orleans 2009 just keeps getting better and better. But registration fees are about to go up, and rooms are going fast in our convenient host hotel, the New Orleans Hilton...so you'll need to respond ASAP if you hope to attend.

And to help you act quickly, I'll give you a valuable FREE bonus if you respond within the next three days:

Our first-ever "Gold Newsletter's Top Pick" report — a detailed review of the gold exploration stock that I think offers the very best risk/reward dynamic of any company in the world today.

In this Top Pick report, you'll learn how this company already has a huge gold resource...yet there could be over a million ounces of "bonus" gold that isn't even included in their published resource totals.

You'll get all the details you need to take advantage of this tremendous opportunity in our Gold Newsletter's Top Pick report — if you register for New Orleans 2009 by July 27th.

PLUS, by registering now, you'll save $400 on your registration fee, and get hundreds of dollars in free reports and newsletters from many of the celebrated experts I've listed above.

So act now to register, while you can still save hundreds and discover today's top gold stock opportunity. CLICK HERE to learn more about New Orleans 2009, or call toll free 800-648-8411.

Sincerely,

Brien Lundin
President and CEO

CLICK HERE
To Learn More About
New Orleans 2009