I started this blog in June 2007 asking these questions: Are we in a massive asset bubble that will blow up in our faces ??? - ANSWERED YES ! Is western and particularly British society on the verge of social collapse??? What are the best common sense long term investment strategies to keep you rich? When will consumption/debt bubble economics end and a real savings/production economy begin ???

Tuesday, 10 March 2009

$5,000/ounce gold a reasonable target ?

In a world where most investment classes are taking a knock, gold has been firmly on the way up. The way things are going, $5,000 an ounce (one troy ounce equals 31.1 grams) for the yellow metal maybe a reasonable target in a few years, says John Rubino, co-author of The Collapse of the Dollar and How to Profit From It, first published in 2003. The metal is currently quoting at $911 an ounce.

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