gold reaches new record high !, page-27

In the end inflation more than anything else will be the driving force behind the barbaric relic and i get the feeling that the monetary velocity is getting a tad out of hand. Even here in Oz we would need interest rates up around 12% to get some stability. of course this would lead to a very noticeable recession, which is not as politically palatable as the current phony boom.

If this happened of course it would burst the CDS bubble and then who knows what will happen... the only certainty will be the transfer of wealth from those who have it in paper to those who have it in real assets.

Regarding corrections, there is a reasonable possibility of a drop to $1700, perhaps even $1500 if given a really solid shove via manipulation(great time to buy).