http://wallstreetpit.com/12370-gold-to-break-below-1000-by-year-end Tue, 22 May 2012 19:21:52 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://wallstreetpit.com/12370-gold-to-break-below-1000-by-year-end#comment-82532 John Smith Tue, 24 Nov 2009 00:01:30 +0000 http://wallstreetpit.com/?p=12370#comment-82532 India bought 200 tons of gold at 1050. Do you really think they will not buy more if it goes down to 1000 again. There is also a question as to how much gold the central banks really have. We also know that any new currency will have gold as a component. But the most important part that this guy must have over looked is that governments around the world will borrow 12 Trillion USD next year. There is no such money around the globe so they will essentially just print it. Add 12 Trillion to a 45 Trillion world economy and you have at least a 20% rise in gold if not more. India bought 200 tons of gold at 1050. Do you really think they will not buy more if it goes down to 1000 again. There is also a question as to how much gold the central banks really have. We also know that any new currency will have gold as a component. But the most important part that this guy must have over looked is that governments around the world will borrow 12 Trillion USD next year. There is no such money around the globe so they will essentially just print it. Add 12 Trillion to a 45 Trillion world economy and you have at least a 20% rise in gold if not more.

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