Published on Gold Anti-Trust Action Committee (http://www.gata.org)

Jim Rickards: If gold is money again, it goes to between $4,000 and $11,000

By cpowell
Created 2009-11-19 21:25

4:15p ET Thursday, November 19, 2009

Dear Friend of GATA and Gold:

Jim Rickards, director of market intelligence for McLean, Virginia-based consulting firm Omnis, was allowed onto CNBC again today to make gold-friendly comments. You may recall his blunt statement on CNBC back in September: "When you own gold, you're fighting every central bank in the world":

http://www.gata.org/node/7835 [1]

Today Rickards remarked that the United States and China are devaluing their currencies against each other in a game of chicken, that gold should easily reach $2,000 per ounce next year just as a matter of supply and demand, and that if gold should start being considered money again, it would have to rise to between $4,000 and $11,000 to support the big increase in the world's money supply.

You can watch Rickards' comments at the CNBC archive here:

http://www.cnbc.com/id/15840232?video=1336090735&play=1 [2]

Just please don't tell CNBC that this is all GATA-type stuff.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

* * *

Join GATA here:

Vancouver Resource Investment Conference
Sunday and Monday, January 17 and 18, 2010
Hyatt and Fairmont Conference Hotels
Vancouver, British Columbia, Canada
http://www.cambridgeconferences.com/index.php/vancouver-resource-investm... [3]

* * *

Support GATA by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts [4]

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://www.cartserver.com/sc/cart.cgi [5]

Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:

http://www.goldrush21.com/ [6]

* * *

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org [7]

To contribute to GATA, please visit:

http://www.gata.org/node/16 [8]

Source URL: