Citigroup: gold above $2,000 next year

Not often you hear talk like this from a bank like Citigroup:

"damage caused by financial excesses ... forced world authorities to take steps never tried before.  This gamble is likely to end in one of two ways: either a resurgence of inflation; or a downward spiral into depression, civil disorder, and possibly wars. Both outcomes will cause a rush for gold."

"Gold traders are playing attention to reports that China is thinking of boosting its gold reserves from 600 tonnes to 4,000 tonnes to diversify away from paper currencies. If true, this is a very material change."