Business·Video

Jim Rickards makes the case for gold at $10,000 US an ounce

In his new book The New Case for Gold, Wall Street veteran Jim Rickards explains why he expects the current world monetary regime to fail and why he sees bullion heading to $10,000 US an ounce.
Wall Street veteran Jim Rickards on the future for gold 5:31

Gold is often seen as a safe investment in times of economic uncertainty, and prominent investors, such as  George Soros, are placing big bets on the precious metal.

Gold prices have been surging lately and gold stocks are among the top performers in 2016.

In his new book The New Case for Gold, Wall Street veteran Jim Rickards explains why he expects the current world monetary regime to fail and why he sees bullion heading to $10,000 US an ounce.

The current increase in the dollar price of gold reflects the decline of the U.S. dollar, Rickards said during a recent interview with Peter Armstrong, host of The Exchange on CBC News Network.

"It's sort of a vote of no confidence in central bank policies," Rickards said.

Comments

To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). Pseudonyms will no longer be permitted.

By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. Please note that CBC does not endorse the opinions expressed in comments. Comments on this story are moderated according to our Submission Guidelines. Comments are welcome while open. We reserve the right to close comments at any time.