James Rickards, author of the new book, "The Death of Money," foresees big inflation because the U.S. dollar's buying power will shrink. Rickards predicts, "Imagine gas at $20 a gallon and bread at $10. That's what we're talking about." So, if big inflation is coming, what about gold? Rickards says, "When I say the price of gold is going to $7,000 or $9,000 per ounce, which I expect it will, what I am really saying is the dollar is going to collapse 80% or 90% or more." It did in the 1970's. None of this is unprecedented. It all happened before."
Rickards says, "When a collapse happens it will happen quickly. You won't see it coming. There won't be time to run out and buy gold, and it probably will not even be available at that stage. You need to prepare now."
- Source, USA Watchdog:
http://usawatchdog.com/fed-insolvent-dollar-will-collapse-90-or-more-james-rickards/
"Gold is Going to $7000.00 or Higher Based on fundamental's, now is a Good Buying Opportunity" When it's to late & you want to buy Gold Your Not Going Be able to find It. " The Fed Does Not Know What I Is Doing" "The Fed is Manipulating the Dollar" - "The Fed Has Painted Itself In a Corner and Has No Way Out" - "We Should Expect A Dollar Collapse"
In this brief excerpt of a presentation by James Rickards, he explains how the dollar will inevitably collapse. The flight from the dollar will eventually hit it's mass exodus threshhold.