"This excellent book proves that, contrary to the propaganda of fiat currency apologists, gold is real money. Rickards makes a compelling case for why those looking for a way to protect themselves and their families from economic chaos created by central bankers should consider gold." Ron Paul, former Congressman and Presidential candidate "The New Case for Gold reminds us that wayward policies bring about a search for money that is good as gold. What better than gold itself?" Wall Street Journal Interview: [youtube]http://www.youtube.com/watch?v=DzMzCoeqHnk[/youtube]
nice read, all the false arguments against gold were now gone and buried !!! gold is exposed under the sun
I've been reading him a lot. I think he has good connections and seems measured in his commentary. This (from the PDF sample) Today in The Age it was mentioned that last financial year, 90 billion of Oz exports to China included iron ore (45bill plus), then coal (7.5bill) and then gold (7bill). Interesting.
I'm seriously coming around to gold. My fear is that those who accumulate gold will one day be the target of a government disinformation campaign as a pretext to confiscation.
He says he knows little of silver but it will be dragged up by gold. His silver target at gold $10,000 is silver $100. Presumably he has no view on the GSR
I can't accept his US$ 10000 price forecast for gold. Rickards has been assuming that the US treasury has 8000+ ounces of gold. Those gold "reserves" have not been audited for decades. Every physical audit request has been rejected. A much higher US$ price will happen.
If US treasury came out tonight and said they have 0 ounces gold, you think gold will get to $10,000+ per ounce?
Too bad for the government ! your fear is working well. This is the nature of Gold, which never is enough.
Rickards constantly makes the point that the measure of US dollars is just a measure that the exorbitant privilege of the USD enjoys currently. New price discovery mechanisms are in train and will be part of the new process. Sinclair, among others, talks about the false framework of paper gold and the attempt to keep everyone distracted from the canary in the coalmine which is gold. Since China is racing as fast as possible toward accumulating physical gold, they are likely one of the major players in manipulating the sham of the comex so that they can take delivery of every possible ounce at the lowest price. $10k gold has been proposed by quite a few smart commentators and I'm always mindful of Jim Sinclair's comment that the next rally may be the rally that 'you don't sell'. In explanation, because you won't be able to sell it for any meaningful exchange - presumably unless house owners are accepting 10 x 1oz gold coins for their Title. His point being that as gold accelerates upward, as the world economies enter crisis, as faith is lost in fiat, the masses will bid up physical gold to astronomical figures, but the holders of gold will not sell. Instead the wise will be waiting for the dust to settle, when they can use their gold money to once again establish the wealth that the destruction of paper assets has stolen. (perhaps your stock shares, perhaps your bank deposits, perhaps your pension or superannuation plans). This is the gist of what Rickards is saying. He gives a higher figure near 50k per ounce, as does Jim Sinclair, but he says it is an improbable figure, but possible. Rickards suggests 10k pretty much without demur, so I tend to see his scenario playing out versus the doomsters (see under kingworldnews et al). Rickards wealth preservation strategy is currently in hard assets. His portfolio advice of 10-20% gold, is in my view pretty much baseline for anyone who's been observing the current shenanigans - e.g Deutsche Bank, the latest FDIC letter from Dimon on JPMorgan Chase's failure to present a credible plan for winding itself down if the bank failed. etc, etc. (see jsmineset.com for an unnerving commentary). So far Rickards seems to have described the playbook they're using, and as he constantly says, if you're a nerd and love obscure reports it's all on the IMF, BIS etc websites. He's not reading tea leaves.
the US may not own it, but is 100% has possession of it, it may not be true... but they have tungsten in them :lol: so the other people who own it does not have it, which is true the actual gold is kept by papa bush, who has it kept for him by a thief that is the gold of his friends were taken back from places like Ukraine Libya etc the question is who has it
I know where it is.... It's in India and China, though not as bullion in some government vault but in jewellery so likely only small fraction will ever be come back in circulation.
be careful with what jim rickards says/writes. as per usual, they concede x% truth that many already know but then lead you astray with other vital information. he was (and i believe still is) a financial and asymmetrical warfare advisor to the pentagon and CIA. you now know where his loyalties lie. he's pointing towards the SDR basket as the new reserve currency after the USD falls. perhaps with some level of gold backing only if necessary. note the USA comprises some 40% of that garbage basket. (that would obviously be the aim of the criminal bankers - to replace a discredited fraudulent paper currency with another one which eventually would go down the same path. me suspects that russia china, brics etc will not allow the same fraud again.)
the Saudi just wants to have their nuke or else the treasuries got unloaded crashing the dollars the eyes of Horus can see though any deception or any misinformation Jedi tricks only work on weak minds
