Wednesday, October 31, 2007
A poor article
The article goes on about supply, demand, oil prices, and inflation hedge - but it misses the target. Gold will go to way over $3000 by 2012. Why? Because the debt bubble will reach an "elastic limit" and the surge in reposessions and bankruptcies, the drop in the number of new loans and mortgages, the falling currencies of GBP, USD and EUR, and falling asset prices of property and stocks will make gold the number one safe haven.