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TRACKING THE AUTHOR OF "CURRENCY WARS" AND GOLD VIGILANTE JIM RICKARDS - AN UNOFFICIAL TRACKING OF HIS INVESTMENT COMMENTARY
Thursday, January 23, 2014
Inflation Will Take Precious Metals Much Higher
I think that the Fed and the other central banks are going to win the battle. Deflation is the national state of the world but central banks fear deflation so much they’re going to force inflation to happen. The problem is, when they’ll get a little inflation they’re going to find they’ve got a lot of inflation and it is going to take precious metals prices up much higher. But you know, if might play out of several years. I’m not saying this will happen in three to six months.