KING WORLD NEWS - BLOG
BROADCAST../../../../Broadcast/Broadcast.html../../../../Broadcast/Broadcast.htmlshapeimage_6_link_0
HOME../../../../King_World_News.html../../../../King_World_News.htmlshapeimage_13_link_0
BUSINESS../../../../Business.html../../../../Business.htmlshapeimage_14_link_0
GREEN../../../../Green.html../../../../Green.htmlshapeimage_15_link_0
HEALTH../../../../Health_1.html../../../../Health_1.htmlshapeimage_16_link_0
ENERGY../../../../Energy.html../../../../Energy.htmlshapeimage_17_link_0
SPORTS../../../../Sports.html../../../../Sports.htmlshapeimage_18_link_0
GOLD+../../../../Gold.html../../../../Gold.htmlshapeimage_21_link_0
 

Jim Rickards continues:


“Here’s the point, whether you end up with $5,000, $7,000, Paul is saying $10,000 and that’s a perfectly respectable estimate, I could (even) see it (gold) at higher levels, $15,000 or $20,000.  In other words, the price level that I have given, that is in chapter eleven of the book, is based on today’s data.


Now if you change the data, if you print even more money than we’ve printed so far, you’ll get even higher prices.  But the point is Paul’s estimate is right in the middle of the range that I’ve come up with, a perfectly good estimate.  We all like our investments to go up, but if you buy gold at $1,700 and it goes to $1,500, buy more because it’s on its way to $2,000, $3,000, $4,000 and higher.


The fundamental story (for gold) is completely intact, in fact it’s getting stronger....


Continue reading the Jim Rickards interview below...




Advertisement


To hear legendary company builder Rob McEwen, original Founder of

Goldcorp discuss which company he invested $50 million

of his own money in and why click on the logo:






“They (the Fed) started the crisis in 2007 with a balance sheet of about $800 billion.  Today the balance sheet is up to about $3 trillion.  They have printed $2.2 trillion of new money. 


Now how much more can they do?  If we have another crisis, what are they going to do starting at $3 trillion?  Are they going to go to $5 trillion, $6 trillion, on a $50 million capital base?  I mean that’s hyper-leverage and it won’t stand.  So their printing press is going to run dry at some point.


But there’s another printing press waiting in the wings.  The IMF has a printing press.  I like to say the Fed can print dollars and the ECB can print euros, but the IMF can print SDR’s.  They (the IMF) can print them and hand them out around the world and there’s no limitation on that. 


So the next time there’s a really serious phase of the crisis this is what you are going to see.  Then what is the price of gold going to be?  So tell me how much they are going to print and I will tell you where gold is going.  But it’s definitely going up, there’s no question about that.” 


This interview is Rickards at his very best.  He discusses, in great detail, the gold market, future moves by central planners, how it will impact investors and much more. The KWN audio interview with Jim Rickards is available now and you can listen to it by CLICKING HERE. 


Jim Rickards’ new book Currency Wars: The Making of the Next Global Crisis has just officially launched, but incredibly it has already made the New York Times Best Seller list!  Make sure to order your copy today! 


James Rickards is a Senior Managing Director of

Tangent Capital in New York and the author of

“Currency Wars: The Making of the Next Global Crisis”

Penguin/Portfolio Nov., 2011, to pre-order CLICK HERE.


© 2011 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.


Eric King

KingWorldNews.com

To return to BLOG click here.

 
 
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.html
KWN BLOGhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlshapeimage_27_link_0shapeimage_27_link_1

© 2011 by King World News®. All Rights Reserved. This material may not be published, broadcast,

rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.

Subscribe to RSS
CLICK HEREhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/rss.xmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/rss.xmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/rss.xmlshapeimage_30_link_0shapeimage_30_link_1
KWN Blog
Archiveshttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.htmlshapeimage_31_link_0shapeimage_31_link_1
http://www.kingworldnews.com/kingworldnews/Broadcast/Broadcast.html