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View Full Version : Analysts Predict Hyper-Inflation To Push Gold To $2000, Oil to $300 Within Months



mick silver
14th November 2008, 09:14
Economic experts have predicted that rampant inflation caused by government stimulus packages will soon take hold of the economy and force precious commodity prices to all time highs.

Johann Santer, MD at Superfund Financial Hong Kong told CNBC that he expects to see gold climb from its current position at $710 to a whopping $1500-$2000 an ounce within the next three months.

"Should money should be going into cash, paper?" asked CNBC anchor Martin Soong, to which Santer replied in the negative:

"Not necessarily, we see that for the time being this remains the right strategy to be in, of course people are quite nervous, but once we start to understand again that it will not really protect us from inflation, which most likely will come in the long run, because of all the stimulus packages, I would assume that we should also start looking at the gold price at the moment and find opportunities there."

Santer explained that deflation is not going to protect us from what he sees as inevitable heavy inflation in the long run caused by the huge amounts of money being pumped into the market in the name of saving the economy.

Santer predicted that we may even see double digit inflation.

"We better get prepared right away and start to look at real assets, for example gold could be really attractive at the moment, trading at $710." Santer added.

"At the moment there is a major sell off in everything, people are really looking at cash and treasury bills but in the long run, we will not escape from inflation so we have a medium to long term target of $1500 within the next three months
http://www.infowars.net/articles/november2008/131108goldoil.htm

main1event
14th November 2008, 09:49
Hyperinflation is just a manifestation of fiat currency. The dollar is the worlds currency, if it falls, necessities become expensive. Expensive in terms of it will take more paper to buy physical things.

xlr8
14th November 2008, 10:14
video

http://www.cnbc.com/id/15840232/?video=927012634&play=1

prahudka
14th November 2008, 10:29
[QUOTE]Hyperinflation is just a manifestation of fiat currency for which there is competition.
The dollar is the worlds currency, if it falls, necessities become expensive. Expensive in terms of it will take more paper to buy physical things.

What if there is no competition?

main1event
14th November 2008, 10:57
[QUOTE=main1event;22145] for which there is competition.

What if there is no competition?

Being the world reserve currency implies there is no competition.

silver_surfer
14th November 2008, 11:19
won't happen...I not goin get a 300% raise anytime soon. or anyone else.