See Zimbabwe, Wiemar Republic (to name a few) for examples.
Do you see gold doubling again in three years?
Yep! Actually, it's highly likely it will do so in half that time. I expect that's when the 2.8T in new borrowing will be gone and Obama will be asking for twice that much more (a Six Trillion dollar increase). That is IF we don't see a collapse of the dollar before hand. If that happens, who knows how high gold will go.
Have you seen these clips?
Rollover-1981- Depiction of Global Worldwide Economic Collapse in 2011
The Day After The Dollar Crashes
Just sayin'...
Not that I think that it will happen anytime soon...but if sanity actually returns to Washington D.C. and the economy would recover because we start paying off our bills...do you think gold would continue to go up or would it go down?
“That is IF we don’t see a collapse of the dollar before hand. If that happens, who knows how high gold will go”
Couldn’t this also be said about other hard assets?