This video was floating around the trade room today which sort of caught me off guard. Generally this crew are not gold bugs or even inflationists so to see them actually watching and discussing the issues brought up in the round table was a surprise.



A little background would be good for the reader here. Generally these days I do not discuss my opinions regarding Peak Oil (believer!) and inflation (rising!), Gold (long!) as no one really follows it. hard to believe that some of these guys are the “smart money” that is discussed in the media from time to time. In there defence they are not idiots and when they figure it out some of them will make a crapload of money off of the situation—so don’t discount them!

I found Jim Rickards analysis interesting with regard to the price of gold. Gold will hit 2,000 without breaking a sweat in 2010. If the market decides that gold is money then a proper valuation for gold is between 4,000 and 11,000. The latter is eighth grade math taking the price of gold and dividing it by the money supply.