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<p>[QUOTE=&quot;Bluesboy65, post: 817574, member: 23329&quot;]Cloud, back in the late 70&#039;s, gold approached $1000 per ounce in an environment of high (not hyper) inflation, high unemployment and high interest rates (18% mortgage rates).&nbsp; If those same conditions existed today, and people reacted similarly, the price of gold would be somewhere around $4500 per ounce (using an annual inflation figure of 5%).</p><p><br /></p><p>If you factor in the dramatic increase in the money supply and our governments shrinking access to easy credit, it is conceivable that we are heading economic conditions that are more severe and longer in duration than they were in &#039;79.&nbsp; I think it is likely that these factors will create a larger PM bubble this time around with gold trading at a premium to the inflation adjusted $4500 per ounce.&nbsp; That&#039;s the way I see it.</p><p><br /></p><p>When you say &quot;near the end&quot;, what factors do you see driving us to the end and what levels do you think gold will reach?[/QUOTE]</p><p><br /></p>

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