Thursday, February 6, 2014

Based on Fundamentals Gold is Going Much Higher

Tangent Capital Senior Managing Director, lawyer, economist, investment banker and author - Jim Rickards told FNN in December 2013, “Ultimately, I see gold much higher, I see it at $US 7,000 or $US 9,000 an ounce, possibly higher – Based on fundamentals and based on the loss of confidence in the existing international monetary system.”

Mr Rickards recommends investors fill their portfolios with 10 to 20 per cent in gold or other precious metals, based on the belief the fundamental price of gold will be "much, much higher".

- Source, Fin News: