|Yes, I think you are right. Mounting debt and a likely coming currency crisis are going to drive the market and gold to incredible heights in my opinion. Da Chief has been saying this. I hope I'm not misstating.|
I believe during the last gold run over a decade ago, it was more about a declining dollar and commodity inflation. This time around I think run away debt is behind these moves. And I truly believe they will be massive and play out over several years.
Last time around the gold bulls ran about screaming that the dollar was dead, there would be a collapse...etc. I used to read that crap. The dollar bounced back stronger than ever. So it's hard to predict the end game.
How does the old quote go..."Throughout history God has shown he loves drunks, babies and the United States of America." Those of us paying attention will survive...and maybe make a little money to leave our kids ,eh?!