MUHAHAHAHAHHAHAHAHAHHAHAHAHAHHAHAHAHAHHAHAHAH

http://www.telegraph.co.uk/money/main.jhtm...C-mostviewedbox
Flight to gold as investors lose faith in money
Last Updated: 1:30am GMT 06/01/2008

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The price has jumped 42 per cent since the US credit markets suffered their heart attack in August. It has tripled since Gordon Brown sold over half Britain's reserves, deeming it a barbarous relic. That conceit has cost taxpayers £3.4bn, after adjusting for returns from dollar, euro, and yen bonds.

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Note that gold smashed the 28-year record just days after the European Central Bank launched its monetary "shock and awe", showering half a trillion dollars on the banks, with parallel moves by the Fed, the Bank of England and the Swiss.

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In the Middle Ages gold fetched nearly $3,000 an ounce in real terms. The price fell to nearer $550 when Spain flooded the world with Aztec and Inca riches, and there it hovered for three centuries.

But the modern era has been an aberration. Supply is exhausted. Perhaps we should now regard the Middle Ages as the proper benchmark price. One thing is certain: gold will outperform paper as long as governments keep increasing the global money supply 15 per cent a year.

I wonder how many more articles like this will be around when gold hits $1000?

Surely the bull cycle will move into another phase at this level. This is the point when the general public sits up and listens.

Haha! Who wrote that article? I notice it's not been signed by anyone. Probably one of the blokes from bullionvault.

Are you suggesting that the Telegraph website has been hacked or what?

Have some HPCers got jobs at the Telegraph this week?

Brilliant! This almost assures us of a pullback to probably 700-750 before the next big move up.

I think I will be taking a serious look at gold tomorrow - I mean that - gold I believe will now go stratospheric.

I can see nothing but BAD financial and banking news from now until the end of 2008.

2008 pales in comparison to the real trouble that could lie beyond it.

Q4 2009 is roughly when I see the fun (or not) really beginning with what looks like a global hyperinflationary holocaust.

Buying gold will certainly not do you any harm.

Now the masses are orgasming over gold yet again its time for a large correction. How large? Lets see.