With the recent volatility in gold, silver and stocks, today King World News interviewed KWN Resident Expert Jim Rickards, Senior Managing Director at Tangent Capital Markets. The following are some snippets from a KWN Gold Special with Jim Rickards. When asked about Paul Brodsky’s thoughts on gold and his $10,000 price target, Rickards responded, “I agree completely with Paul on that. Again, I don’t want to put a stake in the ground around $10,000. My method has been to come up with a range, depending on different variables, but you end up in the same place.”
Jim Rickards continues:
“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."