hyderconsulting
Well-known member
I'm posting this question here to get everyone's opinion about when do you think gold will really start taking off in a steep price climb? I'm not debating if it will happen for there is plenty of basis for it to occur with all this infinitely large debt the U.S. government is making. I've read quite a few financial reports which all agree that inflation (and probably hyperinflation) will takeover eventually. In other words at some point the bill come due. In one report I read it indicated that it could take up to two years before any of the inflation and the resulting gold price increase could take place. Some of the short term gold price forecasting says it will reach $2,000 per troy ounce by the end of the year but so far the price isn't going that way in a hurry. What do you think? I don't know myself. I'm tempted to do some research to see what all was going on with inflation and gold prices back in the late 1970's, early 1980's when this occured before. Who says history doesn't repeat itself!!!!!!!! Regards, Chris.