Thursday, September 23, 2010

Jim Rickards- Gold Standard is Plan B - Revalue Gold at $5000+ (Dollar is Collapsing)

Jim Rickards on CNBC talks about gold, the dollar and their relationship.

Baring hyperinflation, $5K gold sounds about right: Gold How high? (a Jan 2008 post)

News from early Friday Morning: Gold Climbs to $1,300 on Dollar Concern; Silver at 30-Year High

Excerpt: “Gold is showing there is no confidence in the dollar,” said Bernard Sin, head of currency and metal trading at bullion refiner MKS Finance SA in Geneva. Recent “data has been showing signs of a troubled economy. That’s why we’ve seen this huge buying for investors as a safe haven.”

1 comment:

Anonymous said...

The real question is whether the dollar collapse could be arrested at 5-11k.