Why would you want an economist to give their opinion. They are educated to the current one world monetal system. It is only the fragmented few who have studied economics and applied contrarian veiwpoints to a "gold standard" that would have any idea. I used to go out with a girl who was a Melbourne Uni economics student. She worked for one of our countries leading economists. The argument went back 6 years ago and still to this day. The major points that she made and continues to make are that the current financial system is totally sound, gold is long gone as a currency or underpinner of currency, the market will keep growing. If only I could replay some of our debates on gold and the impending collapse of the markets. I think that economists are tarred with the same brush as brokers and analysts. Hand waving cheering the economy along. They never get it right until the event has happened. More like an economic forensic scientist left to examine the corpse after the event than good fortune tellers. I reckon we are being totally hoodwinked to the current state of the USA financial system and the longer the world retains denial to the hopeless situation its financial system is in the worse the crash will be. I believe that the Euro will peak at 1.20. My call when it was at 90-92 eas it would rise to 1.15 within 2 years. I now reckon its headed a little higher and 1.20 will see the settling point long term. Dont forget that the $US will also increase the value of nearly every other currency in the world as it falls to realistic levels and the New Bretton Woods is established over the ensuing years. If you want to see someone with brains in the US presidential race go and have a look at this mans website In any case the denial will go on for quite some time. I believe that it will take about 2 more years to totally destroy the current one-currency world financial system and approximately 3 years to establish a New Bretton Woods. In the meantime the Dinar, Chinese-gold-ownership law changes, Japanese and like (deflationarily-depressed-nations) peoples purchases, and supply/demand issues to be the main catalyst in GOLDS huge impending rise. We are about 1/3 of the way through the new bull market in gold. The first stage is almost over. Two more to go.
