This has been going on for a while, and yes, the final
cost is the drop of the share of US of A, the buck. No
wonder gold is going ballistic - the first double took
4 years, 2001-2005, the next double took 2 years, 2005-2007.
If this acceleration continues, gold will double again by this time
next year, and this may be a conservative estimate. It is
just lingering near all-time highs, trying to find a reason
to ZOOM right through. It should have a pause around here,
then around 1000. If this continues, gold will go into
overdrive like 1980 or better. It should reach parity with
the DOW in the end, around 12K per 1 Oz, that assuming stocks
(DOW) don't go up or down in USD terms. |
