Thursday, December 3, 2009
Imagine $5000 Gold????
Below is a great article I found on moneytalks.net discussing possible $5000 per ounce gold prices. This however maybe a double edged sword. This would be wonderful news for anyone holding gold but the dark side of this means that our economy would truly be in the dumper. Just something to think about.
Will Gold reach $5000 plus?
Written by Martin Armstrong - Former President of Princeton Economics
Gold has been one of the most misportrayed mediums of wealth since the 1970's. Usually it has been marketed as the hedge against inflation during the good old days of the 1970's and 1980's. However, this has been a great misconception of the role gold truly plays. It is coming into its own and is still poised to rally to at least test the $3000 level if not much higher.
Full article
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