I believe gold will eventually see new highs (so does Soros, evidently because he has been buying back in on this pullback), but 20,000 gold seems like a far reach to me. I didn't post that video because I thought he was right about his price prediction. I posted it because I thought he provided a good explanation to the layman of how monetary inflation results in price inflation and currency debasement.
Ad I stated, before,
"20,000 gold coming? Maybe and maybe not, but whether or not he is right about his target price, this guy has the market forces pegged which could make it possible. This is an excellent educational piece as to what is behind the current move in gold and other precious metals.
A must view for anyone who is confused about what makes modern markets move and monetary systems work (for about 30 to 40 years at a time) and why gold & silver may be just getting started on an upside move which will likely take them much higher than they already are."
Living In Lala Land Is A Common Newbie Mistake
