11/25/09 Stockholm, Sweden – You’ve probably heard a number of shocking gold predictions since the latest surge in its price began. Now hear one of the highest… $8,000 an ounce.
In the video below, found via Real Clear Markets, author and founder of GoldMoney James Turk, harkens back to a 2003 interview he did with Barron’s to explain why he sees gold at $8,000 sometime between 2013 and 2015.
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Rocky Vega is publisher of The Daily Reckoning. Previously, he was founding publisher of UrbanTurf and RFID Update, which he operated from Brazil, Chile, and Puerto Rico, and associate publisher of FierceFinance. He specialized in direct marketing at MBI, facilitated MIT Sloan School of Management programs, and has been featured on CBS. Vega graduated with honors from Harvard University, where he was on the board of Let’s Go Publications and directed business programs involving McKinsey, Goldman Sachs, and Harvard Business School faculty. He is also enrolled at the Stockholm School of Economics.
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8000 what? Sea shells, chicken beaks, what? The dollar is worthless now. For some reason people keep comparing gold to the price of the dollar meaning even though the dollar is worthless paper now, the price of gold is somehow connected to it and hence relies on its value in comparison. How ridicules can we be. We will be entering the age of total plastic very soon and underground economies.