Could you please tell me how you came up with a price target of $5000 for gold? Do you have a chart to show how you projected that?
Not really. That's not a precise target - we don't think that gold will move precisely to $5,000 and then plunge. It’s a milestone that we believe will be reached and that gold will probably move above. We estimated it by adjusting the 1980 high by the unaltered inflation numbers (shadowstats.com) and then conservatively rounded it downward.
In other words, we believe that gold will at least approximately match its previous inflation-adjusted high and that it will probably surpass it.
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