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Analysts Predict Hyper-Inflation To Push Gold
To $2000, Oil to $300 Within Months
Investors warn liquidation of assets and deflation is
temporary calm before the storm
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Economic experts have predicted that rampant inflation caused
by government stimulus packages will soon take hold of the economy
and force precious commodity prices to all time highs.
Johann Santer, MD at Superfund Financial Hong Kong
told CNBC that he expects to see gold climb from its current position
at $710 to a whopping $1500-$2000 an ounce within the next three
months.
"Should money should be going into cash, paper?"
asked CNBC anchor Martin Soong, to which Santer replied in the
negative:
"Not necessarily, we see that for the time
being this remains the right strategy to be in, of course people
are quite nervous, but once we start to understand again that
it will not really protect us from inflation, which most likely
will come in the long run, because of all the stimulus packages,
I would assume that we should also start looking at the gold price
at the moment and find opportunities there."
Santer explained that deflation is not going to
protect us from what he sees as inevitable heavy inflation in
the long run caused by the huge amounts of money being pumped
into the market in the name of saving the economy.
Santer predicted that we may even see double digit
inflation.
"We better get prepared right away and start
to look at real assets, for example gold could be really attractive
at the moment, trading at $710." Santer added.
"At the moment there is a major sell off in
everything, people are really looking at cash and treasury bills
but in the long run, we will not escape from inflation so we have
a medium to long term target of $1500 within the next three months."
Watch the video here.
Johann Santer's prediction mirrors that of numerous
other fund managers and top investors such as Jim
Rogers, Robin
Griffiths and Jurg
Kiener who are now predicting that global central
banks' insistence on printing their way out of economic turmoil
is setting the stage for a hyperinflationary holocaust, a knock-on
effect of which will be gold's acceleration towards $2,000, as
demand for precious metals outstrips supply.
(Article continues below)
Meanwhile another investor, Puru Saxena, CEO of Puru Saxena Wealth
Management, has told CNBC that within the next four to five years
he sees oil prices skyrocketing to up to $300 a barrel.
"Over the last few months we have seen widespread liquidation
of all assets, nothing has been spared, commodities, corporate
bonds, real estate, equities in the emerging markets, the Dow
Jones the FTSE, everything has been sold because of distressed
liquidation. However, if you look at the supply and demand dynamics
of most of the natural resources, whether it's energy or food
or mining companies, they are still very very bullish." Saxena
stated.
He explained that he feels people are only looking at one side
of the equation at the moment with regards to the decline in the
value of oil, which is currently hovering around the $55 per barrel
mark.
Saxena predicts that we are going to see a huge rebound in resources
in the next couple of years due to increased demand and reduced
supply.
"Obviously no one has a clue where the market will be in
two or three years from now, or indeed the price of oil, but over
the next four or five years I suspect it will go to over two or
three hundred dollars a barrel." Saxena added.
Watch the video here.
With OPEC
continually cutting oil output it is not surprising
to hear such predictions emerging from investors. We have been
continually warned that the sharp decline in oil prices is a temporary
respite only.
We have previously
reported on the corporate elite's efforts to hike
oil prices up to the $200 mark. Earlier this year, a
report by Goldman Sachs Group Inc. forecasted that
oil prices will reach $150 to $200 dollars a barrel within 2 years.
JPMorgan
Chase & Co have also predicted that prices could
rise to $200 a barrel. Such levels would set the stage for a possibly
catastrophic post
industrial revolution.
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