junkyarddog

Citigroup Sees Gold Reaching $2000

I don't know what it's going to happen to gold. What I know is that FUD (Fear Uncertainty Doubt) is the best seller. It worked well for oil for a while (i.e. peak oil theory, wars over oil, you name it). We see the same thing now being played on gold.

It's possible gold will rise, but it's also possible gold will drop as many people -- believe it or not -- still see safety in the US dollar. I just question the "author's" motive for this doomsday scenario, predicting even nuclear wars. A bit of desperate sales pitch, don't you think?