(Bloomberg) Gold May Rise to $5,000 on Inflation

[keep_it_real]

June 19 (Bloomberg) -- Gold prices may rise to $5,000 an ounce as investors seek to protect themselves against accelerating inflation, said Schroder Investment Management Ltd., which oversees $277 billion of assets globally.

``You could easily see for the next several years that prices rise not to $1,000 an ounce, but prices rise to $5,000 an ounce or beyond as inflation psychology becomes more and more embedded and people become desperate to have a source of value,'' said Christopher Wyke, London-based emerging market debt and commodities product manager at Schroder, which oversees about $10 billion of commodity assets.

http://www.bloomberg.com/apps/news?pid=20602013&sid=aF1439PVhAgk&refer=commodity_futures

[sharesunited]

1. Here is a fellow who loves gold way too much, and has lost all perspective.

Or is desperately trying to manipulate price.

[keep_it_real]

2. Maybe his nick-name is goldfinger

[sharesunited]

4. Golden words he will pour in your ear.

But his lies can't disguise what you fear.

[cliss]

3. When gold goes to $5,000.00 / ounce,

I'm quitting my job and becoming a gold prospector. At that price, I will make more money panning for gold than any other job I can think of.

Also, when it hits that price you're going to see some strange developments. Watch people pry out their gold teeth in their mouths. Also, watch for gravesites to be broken up, dead relatives unearthed for any gold in there.

Ladies jewelry collections will now become super-valuable; home robberies will escalate in order to get the goods. Pawn shops will suddenly become rich because they've got a lot of hocked wedding rings.