Some Food For Thought On The Ultimate Store Of Value, Gold…..

Posted By on November 19, 2009

Jim Rickards: If gold is money again, at some point it goes to at least $4,000….How could this happen?  Easy if countries of the world print to much currency.

Thursday, November 19, 2009

Daily Dispatches
 

Today Jim Rickards remarked that the United States and China are devaluing their currencies against each other in a game of chicken, that gold should easily reach $2,000 per ounce next year just as a matter of supply and demand, and that  if gold should start being considered money again, it would have to rise to between $4,000 and $11,000 to support the big increase in the world’s money supply.

You can watch Rickards’ comments at the CNBC archive here:

http://www.cnbc.com/id/15840232?video=1336090735&play=1

 

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