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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: shades who wrote (68132)8/11/2006 11:54:54 PM
From: mishedlo  Read Replies (1) of 110194
 
Do you really believe if gold goes to 30K an ounce next month - the world financial system implodes

Interesting question.
No, if Gold went to 30K an ounce tomorrow hardly anything would change except there would be some instant billionaires. That might matter so pick a different number, say $2500 tomorrow. Nothing would happen that I can see other that a lot of people here would retire.

However, under what conditions would gold go to $2500 tomorrow?
Gold in and of itself is meaningless, but what might cause gold to go to 2500 overnight would most certainly not be meaningless.

If gold were to slowly rise to $2500 and nothing else happened, who cares? It would not matter one bit in the grand scheme of things.

30K is another matter.
Other than something like that, the price of gold is essentially meaningless.

Mish
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