Saturday, August 27, 2016

The Dynamics are in Place for $10000 Gold

"What impresses me is that gold going up immediately after the Brexit vote, or gold going up a little bit after the Turkey coup, that you can understand. Those are kind of flight to quality, fear-trade reactions. But gold didn’t go down a lot when those things were overIt’s got a very good foundation – kind of around the $1,330 level, so it seems poised to go up a lot from here.

I’ve got gold going to $10,000 now. So, I’m the guy with the highest price target out thereIt could be a matter of weeks or a matter of years. This is one of these avalanche type event things. You don’t know when the snowflakes are going to hit. It’s going to be a change in psychology, a panic reaction, and it will happen very quicklyit could be a five-year play or it could be a one-year play depending on circumstances. I don’t really want to get into the timing of it except that the dynamic is set up for $10,000 gold. As far as a $1,450 price target, yeah it’s got to pass $1,450 on the way to $10,000.”




Wednesday, August 24, 2016

Jim Rickards Weighs in on Brexit and The Possibility of Economic Collapse


Jim Rickards breaks down Brexit and how it is going to affect the global economies. He talks about how the elites have become completely out of touch with the world. What is going to happen next? Watch the video to learn more.



Saturday, August 20, 2016

Jim Rickards Talks About Economic Collapse


Jim Rickards discusses how gold is both money and a commodity. It has unique properties that are going to make it a key holding in the coming uncertainty that the global economy is going to face. Gold has three characteristics that make it a must have asset. Listen to learn more.




Wednesday, August 17, 2016

We Are in a Historical Intense Economic Period


Jim Rickards discusses the ongoing events unfolding in the global battle known as the currency wars. China is slowing down and it is going to bring everyone down with it. We are an incredibly intense economic period that could set the world spinning. Listen for Jim Rickards latest take on where he see's the world heading.




Friday, August 12, 2016

SDR's to Be Ushered In By Elites During the Next Economic Collapse


In this special episode of the 2016 Summer Solutions series of the Keiser Report, Max and Stacy talk to Jim Rickards, author of The New Case for Gold, about gold as a solution to the world’s debt problems. They also discuss the solution that the leading global powers will present: rolling up the world’s bad debt into the Special Drawing Rights (SDR), which is why China has been buying SDRs on the market.


Thursday, August 11, 2016

Gold Shows Impressive Resilience


Jim Rickards, "The New Case for Gold" author makes a bullish case for gold and is keeping an eye on key levels for silver.


Thursday, July 14, 2016

The Gold Chronicles with Jim Rickards


Interview Talking Points:

*The West is waking up to Gold

*Gold inflows have exceeded $13 Billion so far in 2016

*Paul Singer, Stanley Druckenmiller, Jeffrey Gundlach, George Soros all recommending gold

*Gold is the best performing asset for both 2016, as well as the last 16 years since 2000

*There has been a change in the conversation and narrative about gold in the West

*Investors are losing confidence in Central Banks which is fueling the awareness about gold

*As we have discussed previously on The Gold Chronicles, the technical set up for gold to rise has been in place for some time, and was only awaiting a shift in Western sentiment

*PIMCO economist suggesting an official re-pricing of gold to defeat current deflation and reach Fed inflation targets

*Discussion of how open market operations by the Fed to raise the official price of gold would work

*Kenneth Rogoff is recommending developing economy countries to increase their gold reserves to 10% to diversify reserves composition

*Chief Economist BIS indicates the world monetary system is lacking an anchor - why we think this anchor could be gold


Monday, July 11, 2016

Jim Rickards Reveals Alarming Evidence of Gold Supply Tightness Chinese Hoarding


Jim Rickards, author of the book The New Case for Gold reports on some alarming evidence of a gold supply shortage developing across the world and the increasingly dangerous folly of central bankers.

- Source

Saturday, July 2, 2016

Jim Rickards - 2018 SDR World Currency Backed with Gold




Leading the way, says Rickards, will be the International Monetary Fund. “The task of re-liquefying the world will fall to the IMF because the IMF will have the only clean balance sheet left among official institutions. The IMF will rise to the occasion with a towering issuance of SDRs, and this monetary operation will effectively end the dollar’s role as the leading reserve currency.”
Ah… the SDR. That’s shorthand for “special drawing rights.”

The name is cryptic. The mechanism will prove far more inscrutable than the Fed’s alphabet-soup bailout programs in 2008. But the objective will be the same… to print money in the interest of keeping a rotten system functioning.

Boiled down to its essence, the SDR is a kind of super money printed by the IMF and then circulated among central banks and governments. Indeed, the IMF has issued SDRs three times since their creation more than 40 years ago. Each time was linked to a crisis of confidence in the U.S. dollar