I am again in Plantation Mount Ringgit when the Daily Telegraph - Britain had released the gold price forecast from Citigroup last week so I can not lose when writing this story again warm-warm in the world gold market.
But because the analysis is made quite valid and issued by the party which is also quite competent, so even if I quoted prediction of late.
This prediction is actually begun an internal memorandum to clients of Citigroup, which states that the price of gold will reach U.S. $ 2,000 / troy oz in the next two years, and possibly by the end of 2010.These predictions are then not refuted, even asserted by Tom Fitzpatrick - Chief Technical Strategist of the bank.
According to Tom, this is not because central banks have flooded the world monetary system with liquidity - the money the paper. Currently, air-trillion of paper money is like the dust flying Dollar - looking for a place to fall. After the fall will be a pile of paper money and inflation shocks are not unprecedented.
According to Tom Similarly, a flood of paper money printed by central banks during this crisis will only lead to two extremes that is if inflation does not peak, then there is a spiral of depression, unrest and even war can arise because of it. Any extreme is happening, he said gold prices will still rise.
Citibank was not alone in the world economy looks bleak, even by Paul Volcker who was appointed president-elect Barack Obama became Chairman of the Advisory Council on Economic Recovery - his views are no less bitter in view the current economic situation.
According to Paul, what the unfolding of this crisis is the damage the financial system that was never experienced in his life. Because Paul has served as the U.S. Federal Reserve Chairman from 1979-1987 in the era of President Carter and Ronald Reagan - then this statement is a serious statement.
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