I think $1500/ounce is conservative when you consider ridiculous explosion in base money supply over the past 8+ years, blowing financial asset prices into massive bubbles.
The liquidity will have to go somewhere when the debt-maelstrom is eating people's wealth and, in the end, gold will do an accounting of all the bogus central bank experimentation with people's livelihood.
It would be funny if they didn't possess the power to take us down with them.
Toss in NIRP, cash bans (via the very innocuous-seeming phase-out of high-denomination paper money), quantitative easing, "basic income", and horrible economic data... to get a complete loss of faith in paper currencies and severe deflation before intense hyperinflation in the end.
The game is nearly over cause the whole world can't be suspended in a stagflationary comatose economy, which Japan has clearly showed us is the end-game for these uber-Keynesians. It only worked for Japan for a time cause they were at it alone as the rest of the world grew, and bought up their exports.
Fun times ahead, every one thank the Fed.
BAA