JPMorgan Asset Management's Robert Michele: Gold at $1,200 an ounce, what does that tell you?

Commenting on Janet Yellens latest communications, JPMorgan Asset Management's Robert Michele said Thursday it's a matter of faith in the metal, or the lack thereof in other assets. "Gold at $1,200 an ounce, what does that tell you?" "It tells you that in a flight to quality and a safe haven, people have more confidence in gold than in bank deposits or paper money. I think things have gotten out of control." You can follow Alex Stanczyk on Twitter @alexstanczyk You can follow Jim Rickards on Twitter @JamesGRickards You can listen to the Gold Chronicles on iTunes at: https://itunes.apple.com/us/podcast/t... You can Listen to the Physical Edge on iTunes at: https://itunes.apple.com/ca/podcast/p... You can subscribe for updates by email and download our podcasts at: http://www.physicalgoldfund.com/podca... You can access transcripts of our interviews at: http://www.physicalgoldfund.com/categ...