http://www.physicalgoldfund.com/podcasts/ Jim Rickards monologues: Most recent one, Feb 18, think he was saying he expects another couple of fed rats hikes - doesnt think the fed was entirely dovish in their speak and are on track to hike. Provisos are the stock market doesnt crash and employment doesnt deteriorate too rapidly. Thinks March16 a fair chance. Gold went up as commodity index declined. Gold acting not as commodity, but money. Doesnt sound like he expects stock crash is imminent, nor gold space shot soon. Cashless society almost here for significant amounts Always be enough gold to support currency. Just need high enough price. Additionally reserve banks can buy gold that is outside the bank system. Compares practical gold standard to fed QE 'open market operations', where it buys bonds with newly minted money to ease, and sells bonds back and extinguishes the dollars to tighten. Could do same with gold prices around $10,000 or higher. Fed would bid for privately owned gold with printed money to ease, sell gold and extinguish the dollars raised to tighten.
