Rosenberg suggested exposure to the gold price as hedge against financial instability. Rosenberg quipped, “The world is awash with over $200 trillion of household, corporate and government liabilities” and “deflation works against debt servicing capabilities and calls into question the integrity of the global financial system.” Due to this Rosenberg has repeatedly emphasized his view that the price of gold is in a strong uptrend that could lead to a gold price in excess of $3,000 per ounce.

http://www.goldalert.com/stories/Gold-Price-to-Hit-3000