Jim Rickards - Gold Pullback Meaningless, It�s Headed Higher

�Here�s the point, whether you end up with $5,000, $7,000, Paul is saying $10,000 and that�s a perfectly respectable estimate, I could (even) see it (gold) at higher levels, $15,000 or $20,000. In other words, the price level that I have given, that is in chapter eleven of the book, is based on today�s data.

Now if you change the data, if you print even more money than we�ve printed so far, you�ll get even higher prices. But the point is Paul�s estimate is right in the middle of the range that I�ve come up with, a perfectly good estimate. We all like our investments to go up, but if you buy gold at $1,700 and it goes to $1,500, buy more because it�s on its way to $2,000, $3,000, $4,000 and higher.

The fundamental story (for gold) is completely intact, in fact it�s getting stronger...."

- Jim Rickards, via a recent King World News Interview, read the full interview here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/11/18_Jim_Rickards_-_Gold_Pullback_Meaningless,_Its_Headed_Higher.html