Friday, November 6, 2009

Professor, Don't Come Knocking on MY Log Cabin's Door

Kitco - Commentaries - Jon Nadler:
"'Mr. Roubini, the economist who predicted the global economic crisis, said a forecast by investor Jim Rogers that gold will double to at least $2,000 an ounce is “utter nonsense.” There is no inflation or “near-depression” to drive gold prices that high, Roubini said today at the Inside Commodities Conference in New York. If a severe depression came to pass, with investors buying canned goods and hiding out in log cabins, “maybe you want some gold in that scenario,” Roubini said."

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