Even Citigroup says gold is going to $2,000 in 2009. If TNRI has the glitter, we'll be going much higher.
---
Citigroup warns that the damage caused by the financial excesses of the last quarter century was forcing the world's authorities to take steps that had never been tried before. This gamble was likely to end in one of two extreme ways: with either a resurgence of inflation; or a downward spiral into depression, civil disorder, and possibly wars. Both outcomes will cause a rush for gold.
"They are throwing the kitchen sink at this," said Tom Fitzpatrick, the bank's chief technical strategist. "The world is not going back to normal after the magnitude of what they have done. When the dust settles this will either work, and the money they have pushed into the system will feed through into an inflation shock.”
If they are unsuccessful, Fitzpatrick warns of a deflationary meltdown, civil unrest and massive political instability internationally, and possible wars.
$2,000 looks like an increasingly conservative estimate and many are now calling for far higher prices between $5000 and $10,000 in the long term.
News 
Market Data 
Discover 
AI
