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Hyperinflation will drive gold to unthinkable heights

By Implode-Explode Heavy Industries

``The USA and the UK are the favourites to reach hyperinflation first amongst major economies. Both these countries will experience major problems in 2011. Also many other nations have unsustainable debt levels which will never be repaid with normal money... The major rise in gold in the last 11 years has been a stealth move with very few investors participating. The dilemma is that there is not enough gold to satisfy the coming increase in demand. We have in previous articles forecasted the gold price to reach anywhere between $ 6,000 and $ 10,000 in the next few years ? see ?Gold entering a virtuous circle?. As we explained at the time, these are totally realistic targets without the effect of hyperinflation.''

Full post as published by Mortgage Lender Implode-o-Meter on January 01, 2011 (boomark / email).