Gold Headed For $1500 And This Time It Really Is Different

``In contrast to today's economic environment, inflation is not yet a problem, but instead deflation. With some $10 trillion in sovereign debt yielding negative rate returns, the US Federal Reserve will most likely defer any interest rate hikes until next year as its monetary policy must balance global economic risks stemming from China, Japan, Europe and Great Britain versus any upside or downside economic data dependent surprises. Under such conditions, gold has not only provided a safe haven, but also a competitive alternative to paper assets, e.g. bonds, which offer negative to almost zero level yields. Simply put, this time it really is different. We are in a post-recession environment with massive amounts of QE sloshing around in bubble-mania. Not that markets are always rational, but a strong dollar and a strong bond market cannot co-exist over a long term period....''