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Probable QE4 To Flip Gold In 2015: Rickards
Best-selling author Jim Rickards joins Kitco News to speak about gold’s recent price action. “To me, gold is a form of money […] Every currency in the world, including gold […] are down against the dollar,” he says. “So I don’t really think it’s a gold story, I think it’s a dollar story.” Rickards adds that the real question is whether or not the high dollar is sustainable. “This is very deflationary from a U.S. perspective. This is actually the Fed’s worst nightmare; the Fed needs inflation.” Rickards says he thinks the dollar is very close to a high and, in turn, gold is nearing an interim low. Although he says that a bounce is in order, the question is when? Tune in now to find out what Currency Wars & The Death of Money author Jim Rickards has to say. Kitco News, October 7, 2014. (show less)
Best-selling author Jim Rickards joins Kitco News to speak about gold’s recent price action. “To me, gold is a form of money […] Every currency in the world, including gold […] are down against the dollar,” he says. “So I don’t really think it’s a gold story, I think it’s a dollar story.” Rickards adds that the real question is whether or not the high dollar is sustainable. “This is very deflationary from a U.S. perspective. This is actually the Fed’s worst ... (read more)
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