Jim Rickards: Gold Has Nowhere to Go but Up
By Barron Maestro on August 15, 2016
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].
Related Posts
-
Ameritrade Clipped Me for $38 AgainA big source of aggravation for me is Ameritrade's...
- March 30, 2020
-
-
-
Is the Retirement Crisis Really a Crisis?PBS Frontline recently presented a documentary called “The Retirement...
- April 25, 2013
-
Alarming Chart of the Stock Markets of 1987 and 2012-2013Several days ago I posted a chart showing the...
- May 22, 2013
-
Gary Shilling’s Favorite Investment: 30 Year Treasuries
Larry Kudlow interviewed Gary Shilling last week. Shilling continues...
- June 23, 2011
