Saturday, February 12, 2011

Gold To $2000?

The dollar is in serious trouble, so I don't think we have a bubble in gold at the moment. It could reach that point, but we're probably not going to get there for a while...

Surprise scenarios include $2,000 gold by year-end. Several factors support this "surprise" including:

* Gold goes up when real Fed fund rates are negative -- and they are

* Excess leverage leads to money printing or default

* China and Japan haven't started buying gold yet

* Gold does not display characteristics of a bubble

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