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Message: Re: some of jim rickards thinking.........
1
Nov 21, 2011 10:37AM
1
Nov 21, 2011 11:42AM

sth,

I've been a big fan of Rickards and listen to all his KingWorldNews stuff, as well as try to catch any CNBC, etc., appearances he makes. I have yet to look up his recent Bloomberg appearance with Jim Grant that promoted his new book, but will do so shortly.

Also have his Currency Wars book on my Christmas wish list.

That having been said, even Rickards says that $40,000/oz gold figure is not a prediction, but rather a mathematical what-if projection. Rickards' combination of economics and political insidership gives him ample credibility. The problem is, in the situation we face, the details of the eventual ending are virtually unknowable and so logic and knowledge don't always guarantee successful prognostication.

Rickards is a bullion guy -- specifically gold. Silver and/or precious metals stocks are not so much for him. So, he'd be unlikely to endorse accumulating Kimber. But using his gold optimism as an argument going forward, I will keep buying KBX. Didn't get that .99 buy to fill today. Maybe tomorrow.

I gather you already have Currency Wars. Is it as good as anticipated? I'm looking forward to the chapter on U.S. Dept. of Defense using Rickards and friends to conduct economic war games.

Good luck.

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