For gold to go to $50,000 ounce, everything else would have to go up as well. You'd be looking at $100 per gallon gas, etc. In other words, the dollar's value has collapsed.
If you think you're suddenly going to be able to buy a (in today's money) $1 million mansion for 20 ounces of gold, you're way off base.
Last edited by cowboy1964; 11-27-2012 at 13:40..