GOLD 0.51% $1,391.7 gold futures

citigroup gold analysts fired, page-9

  1. 7,973 Posts.
    I'm going to put it out there and say that gold could well go to US $5000 an ounce, if the US continue to print money.

    What is holding it back is that the govt continue to fudge figures on inflation and the Chinese don't know what to do with their US dollars reserves.

    ie do they buy more US treasury bonds in the hope the US continues to fudge figures and will continue consuimg chinese goods OR do they dump those bonds before they become withless and the rest of the world realises the jig is up.

    Why do you think Paulson spends so much time in China?
 
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