GOLD THE ONLY WAY IS UP?

It's a bull market but the retracements will be scary. What's interesting is that it is going up in a deflationary period. There are those that think currency will become worthless and therefore gold is the only alternative. It was Nixon who removed the dollar from the Gold Standard which is, of course, good for "Helicoptor Ben". As they don't have to back up the currency with gold reserves they can print as much of the stuff as they like. Time will tell whether or not that is a good thing. The concern in some quarters is that the currency is backed not by gold but by trillions of dollars of debt. If you held billions of dollars which were paid to you for the goods you manufactured you may want a hedge, especially if you thought inflation was around the corner thereby reducing dollar debt and the value of those dollars. I would not be surprised to see Gold at $2000 an ounce within a couple of years. Should we get hyperinflation then we could be using Buzz Lightyear's catchphrase, "to infinity......and beyond".  BTW, in 1923 inflation reached 725,000,000,000 per cent p.a. in.......... Germany.