Jim Rickards says, "Here's Where Gold Will Be In 2026"

Discussion in 'Gold' started by GoldenEye, Jan 9, 2020.

  1. GoldenEye

    GoldenEye Well-Known Member Silver Stacker

    Joined:
    Dec 31, 2014
    Messages:
    1,080
    Likes Received:
    603
    Trophy Points:
    113
    Location:
    Melbourne, Australia
    Here's an interesting quote he says about every investment guru he knows:

    "Well, I worked on Wall Street and in the hedge fund industry for decades. I also lived among the players in New York and Greenwich, Connecticut, at the same time. I’ve met the top hedge fund gurus in private settings. And here’s the thing: I’ve never met one of them who does not have a large hoard of physical gold stored safely in a nonbank vault. Not one."

    https://www.zerohedge.com/commodities/rickards-heres-where-gold-will-be-2026
     
  2. 66rounds

    66rounds Well-Known Member Silver Stacker

    Joined:
    Jun 22, 2019
    Messages:
    1,150
    Likes Received:
    1,062
    Trophy Points:
    113
    Location:
    Melbourne
    Gold is for saving money stocks are for making money. Every hedge fund manager in the world knows that.
     
  3. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    1,709
    Likes Received:
    960
    Trophy Points:
    113
    Location:
    Singapore
    I saw this earlier. His $14k price is quite incredible. I'm looking at only $3k for gold and $50 for silver.
     
    66rounds likes this.
  4. pmbug

    pmbug Active Member

    Joined:
    Oct 22, 2011
    Messages:
    295
    Likes Received:
    57
    Trophy Points:
    28
    Location:
    Texas
    If gold rises 10 fold against the US dollar (or the US dollar falls 10 fold against gold), there is going to be a lot of pain in the world.
     
  5. Slimey

    Slimey Active Member

    Joined:
    Jul 20, 2019
    Messages:
    160
    Likes Received:
    196
    Trophy Points:
    43
    Unfortunately he was being literal......He meant actual Twenty (thousand and) Twenty Six....20026, not Two (thousand and) Twenty Six..2026.
     
  6. heartastack

    heartastack Active Member

    Joined:
    Sep 2, 2010
    Messages:
    679
    Likes Received:
    71
    Trophy Points:
    28
    Location:
    Perth
    I still think the doom event being forecast will wipe most stackers out who don’t maintain job security through such a crisis. You either need a years wages worth of off-grid gold & silver or a secure job that can get you by until you get a chance to mop up cheap assets at the bottom of the depression
     
    66rounds likes this.
  7. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

    Joined:
    Mar 16, 2019
    Messages:
    851
    Likes Received:
    599
    Trophy Points:
    93
    Better get a govt job. Trump just added 12 weeks off paid vacations every year so you could spend that time shopping for assets while sucking up a tax payer funded holiday.
    American government first!
     
    66rounds and sgbuyer like this.
  8. heartastack

    heartastack Active Member

    Joined:
    Sep 2, 2010
    Messages:
    679
    Likes Received:
    71
    Trophy Points:
    28
    Location:
    Perth
    Wtf.. the taxpayer won’t exist at that point
     
    66rounds likes this.

Share This Page