Yesterday on CNBC, Jim Rickards had a short debate with Lee Munson about whether gold or stocks are a better buy right now. Like Peter Schiff, Rickards has faith in gold’s strong fundamentals and knows that gold has been and always will be inherently valuable as real money.
“Fundamentally, the case [for gold] hasn’t changed. It has to do with Fed money printing and instability in the international monetary system… [The Fed] needs to drive nominal GDP, they need negative real rates, they need more inflation, or else [US] debt will be un-payable. And that’s good for gold.”
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Jim Rickards: Buy Gold, Not Stocks (Video)
Yesterday on CNBC, Jim Rickards had a short debate with Lee Munson about whether gold or stocks are a better buy right now. Like Peter Schiff, Rickards has faith in gold’s strong fundamentals and knows that gold has been and always will be inherently valuable as real money.
Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts:@SchiffBlog