The following video is part of our nationally syndicated Motley Fool Money radio show. This week's guest is investment banker and author James Rickards. In this audio segment, Rickards lays out the scenario in which gold would hit a price of $7,000 in the next few years and what it means for gold and mining stocks.

Gold may hit $7,000 in the next few years but you might want to think about balancing your investments with a few stocks, funds and ETFs that will help you maximize your retirement savings. You can find them in The Motley Fool's brand new report, "The Shocking Can't-Miss Truth About Your Retirement." This is a special free report that you can access right now simply by clicking here -- it's free.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.