Nov. 4 (Bloomberg) – Nouriel 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.
bloomberg.com/apps/news?pid= … 2clM&pos=5
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.
Sounds good enough for me.Perhaps even uncontrolled money printing which wasn’t mentioned?
needle
November 4, 2009, 11:37pm
#3
PROFESSORI:
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.
Sounds good enough for me.Perhaps even uncontrolled money printing which wasn’t mentioned?
And what would you buy the canned goods with?
faber was saying get a machine gun as well, id go with faber/schiff rogers over roubini any day
