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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: Gary105 who wrote (31236)9/14/2011 6:50:57 AM
From: TheSlowLane1 Recommendation  Read Replies (1) of 48092
 
Jim Rickards:

“With the G20 coming up, Eric, I think they are going to dust off the SDR solution. The next time there is a major global financial crisis the Fed is not going to be able to bail out the world because they are out of bullets, but the IMF and the G20 will be able to print these SDR’s.

At that point the game really is over. It will be very transparent that we’re just replacing one kind of paper money with another kind of paper money and that is going to accelerate the rush to gold.

As soon as people do the math, this is where you start to see these $5,000, $6,000, $7,000 an ounce price targets for gold. That’s coming sooner than people expect. Some time in the next couple of years we will see that radical transformation of the international monetary system into gold."


kingworldnews.com
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