Is The Gold Bull Over? If Not, How High Can Gold Go?

The simple answer to the first part of the question is categorically "NO."  Spend seven minutes and watch the video below of Egon von Greyerz of Switzerland's Matterhorn Asset Management to understand why gold will ultimately go a lot higher than even most gold bulls would be willing to forecast.

One topic he covers is the ongoing debate about deflation vs. inflation.  Mr. Greyerz addresses this by explaining that the "deflation" we are experiencing now is setting up the inflation coming soon.  It is the rapid, catastrophic deflation in value of financial assets which is leading to the massive printing of currencies by Central Banks globally, which ultimately will lead to inflation/hyperinflation.  Bernank himself said in an infamous 2002 speech that he could print an infinite supply of money at virtually no cost in order to offset deflation.

Some other excellent comments include:  "Gold isn't going up, paper money is going down.  Paper money is doing what it's always done - it's being destroyed by Governments who are printing endless amounts of paper...and will continue at an accelerated pace."



Please note that gold has quadrupled in value against the U.S. dollar this decade without the benefit of any perceived inflation.  Given all the fears associated with the amount of money being printed by Banana Ben and other Central Banks, all it will take is for the market to get a small whiff of inflation and gold will jerk higher so quickly it will make your neck sore if you're watching.   Please make no mistake, and I'll cover this point in another blog soon, contrary to his blatant lies in front of Congress, it will be impossible for Bernanke to pull out the trillions he's injected into the system.
 
To answer the second part of the title question, I'll quote Mr. Greyerz:   "several thousand dollars without hyperinflation - with hyperinflation it could go a lot higher."