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Message: Follow-up: These 40 Analysts Believe Gold Will Reach Parabolic Top Of $5000

Baires, I see your point and it's a valid one.

However, one thing that takes me aback occasionally is that many of these price targets (say in the $5000 area) are based on what price gold would have to be to back the money supply already in existence...and they're still printing the stuff!

We don't need a hyperinflation to see gold in the $5000 an ounce area, just a loss of faith in fiat money which forces governments back onto a gold backed currency.

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