SINGAPORE (Commodity Online): Aaron Smith is the managing director of Superfund Financial (Singapore) Pte Ltd with a deep knowledge in the bullion trade. In a recent interview to Bloomberg news agency, Aaron said that gold may rise to a record $2,000 an ounce in the next three years as investors hedge against massive inflation sparked by governments printing money.

This prediction by one of the world’s leading providers of managed futures funds is not without reason.

In fact, Obama administration is printing dollars by tonnes just to tackle the recession without being bothered about the coming years. And, if this scenario continues, people will no more trust dollar and everybody will go for gold which may cause  a huge rise in prices of the yellow metals.

In the next few years, after the deflation cycle, we’ll see massive inflation, Smith said. “Soon, when you go to buy a cup of coffee, you’ll pay $20 or $30 because the dollar won’t be worth anything.

Gold rose to an all-time high this month as governments including the US boosted debt to combat the global recession.

When the US dollar crashes, all the paper currencies have to crash, otherwise if their currencies are too strong, their economies will be weak. Another excellent buying opportunity for investors is silver.

Superfund, founded in 1995 and backed by $1.6 billion in assets, specializes in managed futures, using its own trading system to generate buy and sell calls on stock, bond, currency and commodity futures.

The Superfund was founded by Christian Baha. Today, Superfund manages assets for over 50,000 investors from institutions to high net worth individuals and retail investors, and has a global presence in over 20 countries worldwide. In Asia, Superfund continues to grow its presence, providing innovative products and investment solutions across the region.

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