20/6/12 The SocGen team writes that "if gold catches up with the increase in the monetary base since 1920 (as it did in the early 80s), its price would rise to USD 8500/Oz," adding that just "to close the gap with the monetary baseincreasesince July 2007, gold would haveto rise to $1,900/oz, assumingfull transmission from themonetary base increase to thegold price." http://www.businessinsider.com/socgen-could-gold-go-as-high-as-8500-after-qe3-2012-6 (But of course QE3 never will 'be announced' will it?) x
