Jim Rickards: Gold Has Nowhere to Go but Up
Author Jim Rickards, James Rickards Project, considers gold an assymetric trade; where the odds of it going up are much better than the odds of it going down. Central banks will continue to fight deflation, according to Rickards.
Rickards stated that gold has nowhere to go but up with central banks trying to create inflation. Gold could go up a lot once psychology changes, Rickards added.
Back in May 2013, Ricards correctly predicted the Fed would not raise rates for years [link].
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