RE:RE:Gary Savage...possible...YES...its Some financial people are speculating that a "currency reset" is in the works at sometime because governments are never going to pay off these enormous debts. Such a disruption would be very good for gold and is probably the underlying basis for his prediction.
The value of a currency is the wealth of a nation divided by the number of units of currency in circulation. Governments can print currency but they can't print wealth. The more dollars Ottawa prints the less valuable every dollar becomes and the more expensive everything becomes in Canadian dollars. We are seeing this in real esate, commodities, fuel and groceries. All things being equal Gold should already be $4,000/oz in today's diluted US dollars (another 4 trillion of printing is in the works because Republicans will never agree to higher taxes on the rich).
For the record, my target price of >$100 share is a multiyear target price assuming multiple mines, bonanza grades extending to depth and an investor frenzy. I make no assumptions about a wildly escalating gold price - Bonus!
I agree, $30/share by the end of this year is reasonable.