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From: coug	12/16/2009 1:47:52 PM
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Gold's 'Money' Value is $4,000 to $11,000 “Very few people think of gold as money. If you think of gold as money, that level is a range between $4,000 and $11,000 an ounce—that’s the price gold will have to be to support the money supply.” “I’m a deflationary hard-dollar guy but if you’re an inflationist, if you really want to inflate the dollar, have the Fed conduct open market operations in gold and you’ll be a buyer in the gold. Gold will find its level at $4,000—and that’s a 75 percent devaluation of the dollar,” he said. Rickards said he’s been bullish on gold for a while and said he sees gold rising to $2,000 an ounce “without breaking a sweat” in 2010. “That’s on fundamentals without treating it as money,” cnbc.com Thanks to north 40 on "The Coming US Dollar Crisis" thread.

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