Will Gold to Go to $2,000/Ounce in 2009? In 2005 9.5 trillion dollars was invested in the stock market by US registered companies. That is $9,500,000,000,000. If 10% of this money finds its way into gold, that would amount to an influx of $950,000,000,000. That would cause gold to go through the roof, selling between $1,000 and $2,000 per ounce. In 2005 there was a demand for $51,000,000,000 in gold. By adding $950,000,000,000 in additional demand, with the same amount of product, prices would soar to thousands per ounce. Why might this occur? Well, for one, the stock market has collapsed due to stupidity and greed. The housing industry has collapsed due to stupidity and greed. The banking industry has collapsed due to stupidity and greed. The auto industry has collapsed due to stupidity and greed, our economy has likewise suffered an economic meltdown, for the same reasons. Oil hit historic highs ($147/barrel) in 2008 and even though the demand for oil is low currently, since closed companies and out of work people do not need to use much oil/energy, the Saudis have decreased production several times to drive the price back towards historic levels. Our Arab "allies" will continue wreaking havoc on our economy, by cutting back production, while claiming that the high prices are our fault. Oil will increase in price in 2009, and cause further economic hardships due to high energy expenses, borne by industry and the public. And while the Democrats repeat their mindless mantra "we can not drill our way out", as their answer, there will be no oil exploration under their "leadership". We will continue to be dependent upon foreign oil. They do not understand that if we discover enough oil to fulfill our domestic requirements, we can drill our way out, the oil is within our national boundaries, but some is located within their extreme left winged environmentalists "preserves". This, along with blaming all wrong with the country on GW Bush, is their Holy Land, where they worship their false god of environmentalism. This is a simple fact. Apparently this concept is not possible in Socialist Democrat Party Economics. The US has elected the Obamination Administration and the most liberal/socialist house and senate in history. Combine this with the socialist president elect, and the tax and spend party will go wild regulating everything, and limiting our constitutional rights by saying they have the "right" to interpret the Constitution to mean what they think it does, not what it says. Then the Socialist Democrat Party will continue their Social Engineering of the USA by taxing the wealthy, business, and eventually the middle class to extinction. This will cause the mild recession (we have yet to have 2 quarters of negative growth, the definition of recession, but they wheel out their Harvard Economic Idiots to re-define recession to fit the Socialist Democratic Party plans) to turn into a deep depression, and create economic chaos in the US and world. We will be paying $20/KWH for tree hugger produced electricity, 60% income tax rates, driving tree hugger autos that are like the Flintstone Mobile (pedal powered) because this will be the only non-polluting machine a bunch of half witted environmentalists can produce and they will cost $50,000/each due to the union wage demands. The Socialist Democratic Party are bought and paid for by unions. (Which might explain why they will not insist on auto workers to give wage concessions to help the bankrupt auto industry remain solvent. Reducing spending is not in the Socialist Democrat Party vocabulary, just increasing spending and sending us the bill. There are many more reasons, but the above will more than suffice to create economic chaos and cause gold to be worth more than all the US Treasury notes in existence. The new toilet paper may well be a US Dollar, under the new Obama administration. I have been forecasting annual gold prices, 12 months out, for 10 years and have been right 9 out of 10 times. Will this year be 10 out of 11? My paid subscriber newsletter has the answer. Gold has historically always held value, unlike currency, other commodities, stocks and bonds. Even large states like California, where tax and spend politicians (Socialist Democrat Party) have the state in a $41 billion dollar deficit, and can only see raising taxes as the answer, not considering reeling in their drunken spending binge of the last 10 years. California now has a junk bond rating, and that may be generous by the rating company. California is touted by the Socialist Democrat Party as the "Government And How It Should Be Run". So bonds are probably a high risk, as well. So, for the Doomsday Metal, it looks like Doomsday is here. It begins January 20th, 2009, the date Barack Hussein Obama is coronated as the Liberal King of the US, and his administration will complete the Trifecta for the tax and spend, social engineering and regulate those that can do, to extinction, leaving those that can only make speeches and blame others (Democrat Socialist Party). Obamanation will be excellent for gold, but for the citizens of the US, well they will not fare so well, but then they voted for it, so I hope they enjoy it. I'm into gold, I know I will enjoy it. Buy gold before Obamanation takes effect, it will cost much more afterwards. Happy New Year, I'm toasting it with Dom this year, after all I bought gold and voted Republican. Charles Kubach Mine-Engineer.Com 30 December, 2008 Barack Obama has often said "that all economists agree with his tax and spend economic theory, well the link below is to the Cato Institute and has the signatures of thousands of economists that say he is dead wrong with his economic theories. Economists Say "President Obama, You Are Wrong" "The Sign of an intelligent person is not the realization of all they know, but rather the realization of all they do not know." Charles Kubach 1979 Return To Mining Information Page