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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: TobagoJack who wrote (49709)4/16/2006 8:43:24 PM
From: regli  Read Replies (1) of 116555
 
I used the term collapse not in necessarily price devaluation terms but in as far as valuations of anything would become extremely difficult in such a situation. Therefore, at such a point, paper money would likely be worthless as exchange and barter would reign.

In reality though, I consider it highly unlikely that it will get that far. I presently think the scenario that Cheuvreux (Credit Agricole) painted is quite likely. I therefore wouldn't be surprised to see $900 gold in the next 2 years with a potential spike to $2,000 accompanied by a vicious return to the $800 to $900 level from which it will proceed in fits and starts to $2,500 in 2012.

BTW, I will sell at that first spike to $1,800 and then buy in lower again… <g>
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