GM NOW KNOWN AS "GOVERNMENT MOTORS"

General Motors, now known as "Government Motors," filed for bankruptcy protection this morning. It is expected they will be in and out of bankruptcy before the end of summer. Precious metals are reacting positively, with gold up $4 and silver up $.19 in early trading. The dollar is weak again, down 43 basis points to 78.92. Many analysts are talking about the possibility of the dollar returning to the 70 to 72 range. Equities are higher as the markets fully anticipated the bankruptcy filing and are now looking forward.

The Dow is being influenced by the fact that General Motors and Citibank have both been removed from the Dow and they have been replaced by Travelers Insurance and Cisco. Since those are much better performing companies, it was natural to expect the Dow to be up following that change. Once again, this highlights the fact that you cannot measure the long-term performance of the stock market by the Dow Industrials. The companies in all of these indices are changed based upon performance criteria. Therefore, it is deceptive to say that over the long run the stock market always does this or that. That is not true for gold. Gold is immutable and has been exactly the same asset for thousands of years.

Spot gold approached $1,000 an ounce in London overnight as the recent weakness in the dollar continues. The British pound is also very weak. Gold reached a high of $990.20 in the futures and silver reached a high of $15.97 before pulling back on some profit-taking. $1,000 gold looks like it may be reached this week. Remember the quotes of analysts that I provided on Friday, where many analysts were thinking that gold would reach $1,000 this week or at the longest, in the next couple of weeks.

Those who have not gotten into gold should do so at once before gold is above $1,000. With gold moving above $1,000, it may not look back on that level. Barclay's Capital believes that gold will test $1,006 within the next week or so. They also said if silver closes above $15.79 it will target $16.43. In addition, there were reports of significant fresh buying by funds in the gold market. Tom Kendall, the analyst at Mitsubishi Corp., said, "I don't see a great deal that could prevent a test of $1,000 an ounce." It is also possible gold could see some pullback or correction or consolidation of the recent gains. That would be normal and healthy. It would be considered a buying opportunity. However, whether we see any pullback or not, this is a great price level at which to own gold. It is clear that gold is on a dramatically higher pathway. Therefore, rather than trying to time a low point, one should be getting invested. The biggest risk to investors is not getting invested in this market.

As Bill Gross said last week, the dollar is likely to head dramatically lower as it is certain to lose its reserve currency status over time. That is one of the key reasons why investors are aggressively acquiring gold for the long-term. It is a proper diversifier and a hedge against dollar weakness as well as a crisis hedge.

Call Goldline today at 1-877-341-2646 and let them help you get started with gold in your portfolio. Moreover, if you do not have enough gold, you may wish to add to your holdings at this point before gold makes the move above $1,000. Some believe that once gold breaks above $1,004 an ounce it will move to $1,100 to $1,200 every quickly. There are a number of analysts that do not expect any significant correction from these levels, because of increasing momentum. Call Goldline today at 1-877-341-2646 for further information or to get started with your gold investments. Ask about gold in IRA accounts and 401(k) rollover accounts and ask about Goldline's Price Guarantee Program.

I encourage everyone to call Goldline for the free information package. It contains quotes from Bill Gross of Pimco, along with forecasts from major banks and brokerage firm analysts. It also contains information about the dollar losing its reserve currency status and the development of a new global currency to replace the dollar. It also includes two articles from Forbes.com that discuss the potential for formal dollar devaluation. All of these things would affect investors whether they own metals or not. Therefore, all investors should call Goldline for this free information package at 1-877-341-2646.

Investors should contact Goldline and ask them to explain the features, benefits and cost structure of the various gold and silver investments that are available to you. Select those that best meet your own personal and individual investing needs and objectives. Investors looking for low transaction costs may wish to consider bullion assets such as American Eagles, Swiss 20 Francs, Krugerrands, Canadian Maple Leafs, Silver Bags or Silver Bars. However, the Price Guarantee Program is not available with these assets.

If you would like to take advantage of the Price Guarantee Program, which provides you with a two-week window of opportunity in which to re-price your order in the event of a correction, you must select assets with some collectible value such as 20 Francs, Double Eagles and Silver Dollars. Call Goldline at 1-877-341-2646 for further information on the Price Guarantee Program.

To receive the free information package, including articles on the dollar, the economy and gold, call Goldline at 1-877-341-2646. Goldline also provides several other helpful articles. There are a number of other independent third-party source articles that you will find extremely helpful and informative. You will also receive the Client Account Agreement, a company brochure and a Coin Facts Risk Disclosure booklet. Read these carefully before you make an investment. Call Goldline at 1-877-341-2646 now to receive your free information package.