Nothing would surprise me with the rapidly increasing size of sovereign debts and amounts of new fiat money entering circulation. I remember thinking Embry was nuts when he predicted 4-figure gold value in 2003. Let's not forget that the DOW:GOLD ratio in previous gold bulls dropped to near 1:1 ratios. If we expect the DOW to move higher in an inflationary environment, then those 5-figure gold values may not be that far fetched.

He does make Alf look conservative!