Going back to the gold standard might make any economy unstable in the short term...but it might be good in the long term...less inflation (gov't. can't print out $ bil. if they simply wish to ...they would have to take a more careful measure)...there are a lot of politics behind it...but if we do...I am sure that gold will be above $2,000...back when I was still a sophomore in college, when gold was below $400 I spoke of gold would one-day see $600 and perhaps double to $800...but some of my Economic Profs. Laughed (probably think that I'm insane with that that educated guess...LOL! Who is wrong now??? Who's laughing like a little school girl now??? Eh?)
Mr. Koo has assumed that gold will reach $1,600...He knows damn well that gold price will reach far beyond that...he's just giving a small $1,600 number so that no one will prove that he's wrong in the future...That is a very smart move...I would do the same with my guess too... Sometime in business, it's better to underestimate a value of a certain thing. Sometime, it's better to estimate certain forecasts...and when the good outcomes arrive...and far exceed what most individuals have been expecting...it will make the person or company look pretty good with their previous predictions or forecasts....
- Go EMLL
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