Jump to content


Photo

Hyper-Inflation To Push Gold To Double


  • Please log in to reply
2 replies to this topic

#1 P2 Lodge

P2 Lodge

    Grizzly Bear

  • Banned
  • PipPipPip
  • 1,094 posts

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.


Gold

#2 Benny Greenspan

Benny Greenspan

    Black Bear

  • Members
  • Pip
  • 103 posts

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

srobertlund

    Black Bear

  • Members
  • Pip
  • 18 posts

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.




1 user(s) are reading this topic

0 members, 1 guests, 0 anonymous users





Stock market portfolio giving you the runs? See Dr. Stool.
The Daily Stool - Stock Market Message Board
Stool's Gold- Gold and Precious Metals Forum
Look Out Below Message Board

The Al E. Greenspeuman designer line at Stoolmart. Get yours today! Click here now!
Get Mugged!