Pacific Gold Corp fka PCFG

[KevinFx]

I know a couple of people who have been into gold for decades and state that the actual value of gold if the dollar had to be pegged to it would be in the regain of $32,000.

They are adamant that gold will hit $5000 within years given the amount of money being printed in all currencies.
Since the credit crunch the U.S alone has issued more than $6 Trillion dollars in bailout & stimulus money! They won't be able to raise that from taxes so off to the printing press. Plus that money has interest in the regain of several hundred billion dollars a year!!

One would say that's complete BS!

But if you consider the scale of $1000 to $32,000, $32,000 being the complete failure of faith currencies, for gold to hit a couple thousand maybe 3000 is not that out of whack in terms of the scale.

Don't bite my head off, just my thoughts on the matter :)