Buy physical gold because central banks are on its side, Rickards says

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Buy Physical Gold Because Central Banks Are on Its Side, Rickards Says

By Huileng Tan
CNBC, New York
Monday, August 15, 2016

Gold prices can go nowhere but up as central banks around the world try their utmost to spur inflation, author and gold market expert Jim Rickards said Monday.

"Every central bank in the world says they want inflation…they've come nowhere close ... but that just means they are going to keep on trying; central banks cannot allow deflation because it increases the real value of debt. ... They are not going to rest until they get it," Rickards told CNBC's "Squawk Box" on Monday. ...

... For the remainder of the report:

http://www.cnbc.com/2016/08/15/buy-physical-gold-central-banks-are-on-it...



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