Some Food For Thought On The Ultimate Store Of Value, Gold…..
Posted By thestatedtruth.com 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
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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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