mark lundeen sees gold above us$37,000

"...all Bull Markets have their end points; where will the Precious Metals Bull Terminate? There are two End Points to be aware of:

Duration and Price.

With the coming collapse of the Paper-Gold Market, natural market forces will once again take hold over the price of Gold and Silver. Time-wise, the Gold Bull Market may be nearing its closing phase. I doubt the Gold Bull will see a Wk 912. And where the DJIA Plot terminated at 14.7, I expect to see Golds final price to terminate substantially higher than the DJIA. 150 times its 2001 price of $251 is possible; thats Gold above $37,000 an ounce.

This is not an outrageous claim to excite my readers greed-glands. Look at it this way. The entire Worlds Economy is based upon Keynesian Economics, and Keynesian Economics is based upon Monetary Inflation. Historically, all inflationary currencies end in rejection. To think the US Dollar will be a historical exemption is only wishful thinking. What happens to the price of Gold and Silver when billions of Humans find themselves in a monetary panic, in all 24 Time Zones? They dump their paper money and demand physical gold while they still can!

So, seeing Gold at $37,000 or even $200,000 will be no big deal to someone who understands whats coming, and wisely purchased their metal before the coming inflationary conflagration. An offer of a million dollars for an ounce of Gold will not produce a sale. The ounce of Gold means everything when everyone is becoming painfully aware that the number of Dollars, or Yen, or Pounds used in purchasing the Gold and Silver will soon mean nothing. This is no wild theory of mine; this is what happens at the end point of all Inflationary Monetary Systems. In the history of money, this exact thing has happened many times."

The full article, "Bear Market Race Week 130 - DJIA & Gold Markets First 471 Weeks" is at http://www.gold-speculator.com/mark-lundeen/26570-bear-market-race-week-130-djia-gold-markets-first-471-weeks.html

My comment:

I will not be looking forward to US$37,000 an ounce gold or even much higher if what Mark Lundeen suggests comes to pass - a total disintegration of the financial system and the ability for people to purchase things on a normal day to day basis because "Dollars, or Yen, or Pounds ... mean nothing."

In such a scenario I suspect society will be in a state of upheaval, chaos and martial law.