Jim Rickards latest book "THE NEW CASE FOR GOLD"

[SpacePete]

In this economic climate/trouble gold and silver are only going to go up big time.

No one knows this for sure.

gold, silver and paper, they all know this. only we are not sure :lol:

What we know for sure: In ten years time, an ounce of gold and a kilo of silver will still be an ounce of gold and a kilo of silver. But will a bit of paper today representing $50, or $50 in a bank, still be $50 in a decade, or will the ledger have been wiped clean?

 

[SpacePete]

In this economic climate/trouble gold and silver are only going to go up big time.

No one knows this for sure.

I have a trusty crystal ball

You might consider getting that checked.

 

[Skyrocket]

I have a trusty crystal ball

You might consider getting that checked.

It's working fine to date.

 

[tolly_67]

Maybe he thinks gold is headed back below $1000 and silver below $10. :lol:

In this economic climate/trouble gold and silver are only going to go up big time.

No one knows this for sure.

Long term is up but the path will not be straight.
A drop below the $1000 is still a reasonable probability. A big move up in the U.S. dollar index is brewing which may precipitate such a temporary drop.
All roads lead to Rome. All capital is now pointing squarely at the U.S. thanks to NIRP madness, unserviceable Euro debt making bonds a poor/dead investment, the eventual exit of Great Britain from the European Union leading to a collapse of the Federation as other countries will demand an exit from the Brussels dictators.
Stability, stability, stability is the name of the game. U.S. stocks, U.S. dollar.....eventually gold, silver etc....

 

[alor]

[youtube]http://www.youtube.com/watch?v=L-OxMCOFhFY[/youtube]

[youtube]http://www.youtube.com/watch?v=2WnHUukc31I[/youtube]

 

[Mintaka]

Here is the BBC interview with Andrea Sella. http://www.bbc.co.uk/news/business-26138376

 

[TreasureHunter]

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?

The big question is: how much 10,000 $ will be good for, once gold reaches that level?

Ask yourself rather, how much an ounce of gold will buy you, should a collapse occur?

It is not excluded that gold's real purchase power will in fact increase. Perhaps you will be able to buy a lot more than today. Just like Bitcoin's price has increased.

Right now, in the west, you could buy a really old heavily used car with an ounce of gold. But, what if in the future that same ounce could get you a brand new quality car?

Or, what if gold's price skyrockets and an ounce would be enough to buy yourself a house?

 

[atlas]

[youtube]http://www.youtube.com/watch?v=L-OxMCOFhFY[/youtube]

[youtube]http://www.youtube.com/watch?v=2WnHUukc31I[/youtube]

'Gold is not money because the value of money should change and money should be shared by society. Gold is selfish, extravagant waste'.

The guy in the black interviewed is a typical looter. Absolutely clueless.