Friday, September 17, 2010

"It's just a little coin."

Joe Kernan looked like he had bitten in to a lemon when he was talking about Jim Rickards coming on CNBC yesterday morning. Joe mentioned that last time Rickards was on, he talked about $5,000 gold. Kernan said "At the time I was wondering what he was smoking, but now...". Becky Q asked if he was having second thoughts about that and Kernan offered up this searingly insightful analysis:

"I don't's just a little coin."

You got that right, Joe.

Here is a link to the segment where Rickards does the math for Joe: Jim Rickards on CNBC

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