Citigroup has forecasted gold to reach $2000 in the coming year, a figure that compares closely with the inflation-adjusted high of 1980. Pete Grant and Jonathan Kosares make further comparison of the dollar-denominated price against gold as priced in many foreign currencies by which gold is currently testing all time highs. Low interest rate policy by the Fed (and other CBs), combined with massive injections of bailout liquidity and the monetizing of debt portend further currency depreciation and monumental price inflation -- not only in the U.S., but worldwide. The oil:gold and DOW:gold ratios are discussed, as well as the negative real rates of return on low-yielding Treasury bonds, all pointing the way toward a wise choice of physical gold ownership for wealth preservation.

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