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Blitzer's Blog >> 42233

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Posted: 30 Nov 2008 21:12 [ permalink ]
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/3526645/Citig
roup-says-gold-could-rise-above-2000-next-year-as-world-unravels.html

Gold is poised for a dramatic surge and could blast through $2,000 an ounce by
the end of next year as central banks flood the world's monetary system with
liquidity, according to an internal client note from the US bank Citigroup.

The bank said the damage caused by the financial excesses of the last quarter
century was forcing the world's authorities to take steps that had never been
tried before. 

This gamble was likely to end in one of two extreme ways: with either a
resurgence of inflation; or a downward spiral into depression, civil disorder,
and possibly wars. Both outcomes will cause a rush for gold.