Rickards told Business Insider:
What would make me bearish on gold, what would make me want to sell gold?
Well, if the President and the Chairman of the Fed came out and said, "We're going to raise interest rates, we're going to stop quantitative easing — in fact, we're going to reverse it a little bit — we're going to cut corporate taxes to zero, we're going to eliminate the capital gains tax, we're going to reduce regulation, we're going to make America a magnet for savings and investment. We're going to have an investment-driven model rather than a debt and consumption-driven model, and we're going to have positive real rates."
I would say, "Great. Sell your gold, or put it to one side, because gold is over."
But none of those things are true ...