Financial Meltdown

Citigroup has laid out two grim possiblities for how this financial mess will end...one of them doesn't sound good and the other sounds catasrophic. One paragraph from the article says;

"This gamble was likely to end in one of two extreme ways: with either a resurgence of inflation; or a downward spiral into depression, civil disorder, and possibly wars. Both outcomes will cause a rush for gold."

As we have talked about, you simply can't keep printing money to fix things because it makes the money worthless. Zimbabwe has tried that and their inflation rate is now over 5,000,000%...which means their money is worthless.

The posted article mentions that gold might end up being the asset that the world tries to grab hold of as the paper money shows less and less value.

Read it here; http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/3526645/Citigroup-says-gold-could-rise-above-2000-next-year-as-world-unravels.html