Rickards: Fed Won’t Taper, Bullish for Gold (Video)
Jim Rickards, author of Currency Wars, appeared on Fox Business last week to talk about currencies. While Rickards made it clear that he didn’t have any faith in the dollar, he really wanted to talk about the bullish fundamentals for gold investing throughout most of the interview.
Labor force participation is crashing… Look at the fundamentals. 50 million Americans on food stamps. 24 million Americans unemployed or underemployed. 11 million Americans on disability. I mean, the fundamental economy is in awful shape. So my expectation is [that the Fed] won’t taper, which I think would be bullish for gold, bearish for the dollar.”
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