[mnehring]

I like Schiff, but $5000 would be a major SHTF scenario. If that is the case, then I would see more usable commodities having a better chance of such a gain, such as oil for example. If such a SHTF scenario takes place, it would be hard to predict what happens with currency and commodities. People's and nation's attitudes and priorities would change and currency trade may move to what is more necessary versus what has simply a perceived value (be it fiat or commodity).

Also, consider that for the value to reach $5000, that would be a ratio of dollars to the commodity. Considering the debt problem is world wide, not isolated into a single country, supply and demand may take a hold and you may not have someone or a country willing to pay this much as their currency is crashing as well.

[Zeddicus]

Agreed. I think if we get to the point where gold is $5k per ounce, we’ll have bigger problems. Like getting food and not freezing to death in the winter.

I am increasingly beginning to believe that this is a matter when, not if.