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From: Tommaso	4/10/2012 8:16:07 AM
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It may take a while, but here's another analysis of the prospects for gold. seekingalpha.com I am not a gold permabull. Indeed, some of the most unpleasant posts I have ever received on SI occurred when, twelve years ago, I was confident that heap-leaching methods could produce all the gold anyone would want. But then along came Greenspan and --worse-- Bernanke. Without even the excuse of having lost a war and had harsh terms inmposed on it (as happened to Germany after World War I), the United States is currently creating money to buy 60% of newly issued U. S. government debt. Or so I keep reading. This is currency suicide. What's new is that it is world-wide. When Germany did it, the United States and England were on solid gold standards. When France did it about 1720, there were other currencies based on gold and silver. Of course, productivity is incomparably higher now than in the past, and that helps somewhat. I think maybe what will set off a world-wide monetary crisis and very high inflation will be a huge jump in the price of crude oil, which can be caused by a number of things. War on Iran would do it in a matter of weeks.