Rickards: QE4 Will Weaken the Dollar and Strengthen Gold
GramsGold.com
5/31/2015
Jim Rickards, author of the Death of Money says, “Gold is a form of money.
The fact that gold is down in dollar terms, in every currency around the world, the Yen, the Euro, the Chinese Yuan, including gold, are down against the dollar.
I don’t think it’s a gold story – it’s a dollar story.
We have an extremely strong dollar where all the alternatives are way down. The question is: ‘How sustainable is this?’ This is very deflationary from a US perspective. This is actually the Fed’s worst nightmare. The Fed needs inflation.
One of the FOMC presidents told me he’d like to see 3 1/2% inflation. So, here we have a strange situation where the Fed wants inflation, but they can’t get it.
They will probably go to QE 4, and that’s going to flip the dollar
to be going back down again, and gold will be going up..
The Fed can not raise rates, they may even go to QE 4, which is going to be very bearish for the dollar and bullish for gold.
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