Dollar price of gold could rise to $2500

An FT.com article says UBS believes the price of gold in dollars could rise to $2,500 a troy ounce because the prospects of either deflation or inflation were “becoming more extreme” and people are rushing to the safety of the metal (and away from paper). UBS also said the dollar price of gold could fall to $500, compared to the upside of $2500. To emphasize that the devaluation of the dollar is driving this change, the author could say the value of a dollar will decrease to 1/2500th gold ounces or .0004 ounces or .01 grams

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