Jim Rickards was recently interview by King World News. He discusses such topics as how the FED is targeting a higher inflation rate, the success of his book tour, and the coming spike in the price of Gold.
Listen to this powerful interview by King World News, here:
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2012/1/28_Jim_Rickards.html
Showing posts with label jim rickards interviewed by king world news. Show all posts
Showing posts with label jim rickards interviewed by king world news. Show all posts
Jim Rickards - Interviewed on KWN
Jim Rickards latest interview with Kind World News is now available. You can listen to it here:
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/11/29_Jim_Rickards.html
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/11/29_Jim_Rickards.html
Jim Rickards - Gold Pullback Meaningless, It�s Headed Higher
�Here�s the point, whether you end up with $5,000, $7,000, Paul is saying $10,000 and that�s a perfectly respectable estimate, I could (even) see it (gold) at higher levels, $15,000 or $20,000. In other words, the price level that I have given, that is in chapter eleven of the book, is based on today�s data.
Now if you change the data, if you print even more money than we�ve printed so far, you�ll get even higher prices. But the point is Paul�s estimate is right in the middle of the range that I�ve come up with, a perfectly good estimate. We all like our investments to go up, but if you buy gold at $1,700 and it goes to $1,500, buy more because it�s on its way to $2,000, $3,000, $4,000 and higher.
The fundamental story (for gold) is completely intact, in fact it�s getting stronger...."
Now if you change the data, if you print even more money than we�ve printed so far, you�ll get even higher prices. But the point is Paul�s estimate is right in the middle of the range that I�ve come up with, a perfectly good estimate. We all like our investments to go up, but if you buy gold at $1,700 and it goes to $1,500, buy more because it�s on its way to $2,000, $3,000, $4,000 and higher.
The fundamental story (for gold) is completely intact, in fact it�s getting stronger...."
- Jim Rickards, via a recent King World News Interview, read the full interview here:
Jim Rickards - The US Won�t Give Germany its Gold
�Now Italy has come out recently and they have actually been a little more transparent and they say most of their gold is in Italy, in Rome.
But I do know looking at it from a US perspective, as I�ve described in the book Currency Wars, if the US gets into extreme distress, and there�s a collapse in the dollar, I have no doubt that in an emergency basis the US will basically confiscate all the gold in their possession. Then they will convert it to back up a new gold based US dollar as plan B or some way to stop the crisis.
So it�s a political question for Germany as to whether they want their gold back, but sometimes you don�t ask questions if you don�t think you are going to like the answer. It would be interesting if Germany demanded that gold be shipped to Frankfurt or Berlin what the US would say.�
But I do know looking at it from a US perspective, as I�ve described in the book Currency Wars, if the US gets into extreme distress, and there�s a collapse in the dollar, I have no doubt that in an emergency basis the US will basically confiscate all the gold in their possession. Then they will convert it to back up a new gold based US dollar as plan B or some way to stop the crisis.
So it�s a political question for Germany as to whether they want their gold back, but sometimes you don�t ask questions if you don�t think you are going to like the answer. It would be interesting if Germany demanded that gold be shipped to Frankfurt or Berlin what the US would say.�
- Jim Rickards via a recent King World News Interview, read the full Interview here:
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