When asked about the call, from Egon von Greyerz, for gold to move into the $3,000 to $5,000 range in 2012, Rickards responded, “Well, it’s certainly possible, I would not rule it out. I definitely see it in that range, so I agree completely with Egon that’s where it is heading.

Timing is always tricky. I have the direction and the magnitude right, but I see it as 2013, then going into 2014, I can definitely see it (gold) getting to that level. 2012 might be a stretch, but it could happen. Look, I would absolutely not rule it out, but it’s probably more in the next two years, rather than in the next year.”

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/12/30_Jim_Rickards_-_US_to_go_to_War_with_Iran,_Oil_%26_Gold_to_Spike.html