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Hyper-Inflation To Push Gold To Double

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#1 P2 Lodge

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Posted 24 November 2008 - 03:09 PM

Hyper-Inflation To Push Gold To Double
Aaron Smith, MD of Superfund Singapore predicts gold to easily double next year. Jim Rogers, Robin Griffiths and Jurg Kiener hold the same view as global central banks'' insistence on printing their way out of economic turmoil is setting the stage for a hyperinflationary holocaust, a knock-on effect of which will be gold''s acceleration towards $2,000, as demand for precious metals outstrips supply.


#2 Benny Greenspan

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Posted 25 November 2008 - 02:17 AM

Just a little bit more than double- gold is not for selling in hyper inflation nothing to exchange it for-

#3 srobertlund


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Posted 25 November 2008 - 11:50 AM

And you exchange it for goods.

Silver''s more practical in this sense. That''s why the founding father chose it. For daily items silver, For big ticket items gold.

Now I don''t imagine people hauling around sacks of gold and silver, but a curency must emerge that is backed by one or both.

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