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FSN: James Rickards: ‘Gold Never Changes Its Value,’ Currencies Do

Thursday, April 11, 2013 13:40
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(Before It's News)

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

by John Morgan
Money News

B4INREMOTE-aHR0cDovLzEuYnAuYmxvZ3Nwb3QuY29tLy1mUGt6WkhIeWdkQS9UaFFqWl8zak9WSS9BQUFBQUFBQU94OC8wZVZJNFdLWjBQRS9zMTYwMC9QOTg2MC5qcGc=The price of gold is always in an uptrend somewhere in the world, and investors can profit by combining a gold and currency strategy, according to James Rickards, senior managing director of Tangent Capital Partners.

Rickards, author of the bestseller “Currency Wars: The Making of the Next Global Crisis,” told Bloomberg TV that gold is up 25 percent in the last three months — but only if you bought it in Japanese yen.

“Gold is always rallying somewhere; right now it is rallying in yen. It you want to be fancy, you are short yen and buy gold,” he said.

Continue Reading at MoneyNews.com…



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