Jim Rickards: The Fundamental Bull Case For Gold Has Not Changed

Share This Article
June 27, 2013 1:17pm NYSE:DZZ NYSE:GLD

Jim RickardsGold bugs are having a tough time defending the so-called “yellow metal” these days. The price of gold has fallen nearly 24% since the beginning of the year and more than 30% from its peak in August 2011. Last week spot gold had its worst weekly performance


in nearly two years.

Jim Rickards, author of “Currency Wars” and a senior managing director at New York financial firm Tangent Capital, argues that investors should not lose sleep over the recent selloff. “The fundamental bull case for gold has not changed at all,” he says in the accompanying video.

Investors flocked to gold during the 2008 financial crisis because of its perceived safe-haven status. But low inflation, stronger-than-expected economic growth, concerns that the Fed will reduce its asset purchases and a rally in equities have pushed down the price of gold. Watch the video below to find out what Rickards calls the Fed’s “worst nightmare.”

Related Tickers: SPDR Gold Trust ETF (NYSEARCA:GLD), iShares Gold Trust ETF (NYSEARCA:IAU).


7 Best ETFs for the NEXT Bull Market

Read Next



Free Investing Ideas Newsletter!

Join over 70,000 investors who get the latest insights and top rated picks from our free investment newsletter.

Most Popular



7 Best ETFs for the NEXT Bull Market

Explore More from ETFDailyNews.com

Free Investment Newsletter

Join over 70,000 investors who get the latest insights and top rated picks from our free investment newsletter.

ETFDailyNews.com respects your privacy.

Best ETFs

We've rated and ranked nearly 2,000 ETFs and ETNs using our proprietary SMART Grade system.

View Top Rated ETFs

Best Categories

We've ranked dozens of ETF categories based on relative performance.

Best ETF Categories