Gold Price at $27,533 is Not Some Random Guess Says Currency Wars’ Jim Rickards

[@petruflorintofoleanu5865]

GOD BLESS YOU JIM RICKARDS I WISH YOU A LONG HEALTHY LIFE

[@snowyowl6892]

AMEN … cos we need you …Jim we really do …

[@auntiefiat9769]

A number of the questions asked tell me a lot of folks simply do not understand the role of Gold.

[@danielhutchinson6604]

65% of American Workers report they have great difficulty, existing without further debt from one paycheck to the next. Consumer Credit at $17 trillion is an indicator.

[@pistolpete8539]

A single coconut will hold more value (unit of account) than the USD, and a single coconut will be worth at least a US$100 in California. Ha!

[@DUES_EX]

@@pistolpete8539exactly! Grow those nuts!

[@cartersimmons697]

Why in the world wouldn't gold reach $27,000 when the dollar is worth nothing. It shouldn't take that long.

[@gunslingerjhagadee]

Well then ...27 trillion .!

[@mackm7781]

Well the controllers have manipulated it

[@yehimstone5492]

When gold reaches $27,000 bitcoin will be at $1,250,000. Choose wisely.

[@amr8457]

You didn't want it to. You won't be able to afford to leave the house.

[@neilr4867]

@@yehimstone5492 If the stockmarket crashes, bitcoin will go with it. It's well and truly in the system now.

[@williamgorman6538]

Thank you, greatly Daniela for these interviews especially with Jim Rickards.

[@rjmjr410]

Daniela, this is why your show is so relevant. We can only hope someone in the Biden administration is watching. Thank you for all your work.

[@bobbydale1938]

😅😅😅😅😅😅 you hope in brandon😂

[@jimcombatvet8122]

When Gold is $25,000 A Loaf of Bread will be $40.00

[@UPdan]

Hmmm. The same logic should apply to bitcoin.

[@AnotherRandomFellow]

Buy it with your Silver

[@mtrest4]

In that case we should invest in bread 🍞

[@deepnurmom1737]

​@UPdan prob not tether will collapse around the time we have a treasury default When tether goes most exchanges will go under and the great crypto crash will begin. Once we get to the other side of that the 50 to 100 cryptos that survived will b like the next Amazon and go sky high

[@EroticOnion23]

Not necessarily, history proves that gold is the superior measure of accounting, bread is everywhere heck you can grow the wheat in your backyard...

[@michaelzimmerman9221]

The FED will never let Americans prosper with gold!

[@balasubramanyam1115]

Y do you think crypto was introduced Buy gold don't listen to anything anyone who says otherwise

[@richardextall2002]

They will confiscate Gold, just like pre-WW2.

[@benjaminmoore528]

Maybe but they're definitely not gonna let you prosper with Fiat

[@shayw573]

Federal Reserve will be gone and the US Treasury will be in charge.

[@mjrotondi5086]

Whatever happens, play hard, be smart, READ. and BE BRAVE.

[@IOSALive]

ITM TRADING, INC., This is awesome! I subscribed because I want to see more!

[@ronhilton2255]

Great info session. 🇨🇦

[@fudogwhisperer3590]

In my opinion this is wildly underestimated considering the amount of debt in the euro dollar isn't even known, let alone the 1 quadrillion in the derivatives market.

[@micksingh6711]

I think it's $1.5 quadrillion.

[@paultraynorbsc627]

Thanks for sharing 🙏

[@margator1036]

All fiat currencies are not trusted, that is true for sure. The dollar is still the best fiat currency. But gold, silver, real estate are a lot more trusted. However real estate seems tremendously over valued. Bitcoin still not trusted by many. Gold from $35 in 1971 to $2,385 today. Gold didn't go up the dollar was devalued. Why trust the dollar as a store of value with such a history?

[@UPdan]

With over $100 trillion in unfunded liabilities, toilet paper is a better currency than the dollar. What point of its unplayable do you not understand when something is totally, unequivocally worthless?

[@worldfabulouslasvegas2639]

People around the world have not lose confidence of us dollar. So tell fed keep printing. This is America dream.

[@kertbert1]

They say the dollar is strong, the gold value increase is not because of the falling dollar as in the last 6 months the dollar has actually heald strong. I'm sure this will not stay true very long and when gold does shoot up you can bet the dollar will be coming down.

[@danielhutchinson6604]

@@worldfabulouslasvegas2639 The number of places that accept them $100 Bills the CIA was handing out in 2002, appear diminished since the Treasury Folks appear to have trouble selling Notes.. But they sort of respect a Greenback somewhere. Check the Cayman Island Bank?

[@mineralt]

BTC will be $1M a coin in my lifetime. I know it. It's the best performing asset for the past 5, 10 and 15 years. This is never going to change.

[@cheyennegalen]

Daniela is the best!

[@rex69832]

If gold is expected to rise that much, Daniela, because he's expecting the dollar to weaken that much then silver should also rise correspondingly along with gold. For those of us with positions in precious metals we could be looking forward to a significant windfall. But it won't happen overnight. Right now silver is acting a bit "jiggy". Volatile price movements. General trend is still up though.

[@christinanapolitano6837]

I’m a stacker but that will mean $100 loaf of bread

[@spitzndtruth1484]

The majority of people on the planet do not understand golds role and true value.

[@spitzndtruth1484]

@@aaap3875 Says the majority of people who can't afford to buy gold

[@rudolfsujansky2993]

Jim i am sending big regards and big thank you.I wish your prediction will come true.🤠Texas Rudy B.B.Slovakia.🙏🏼

[@petejames1326]

so if only 40% of the M1 money supply was backed by gold, gold would have to be re valued to US$27,000/oz

[@kitsinu1]

It isn't about "if",. it is about "when". Even "if", it does not matter without knowing "when". Whether it is this year, or two years from now makes a huge difference.

[@andrewwickham4642]

Jim’s terrific as always … The Man of reason!

[@StatmanRN]

It’s all theoretical- they will not give up the ability to inflate currency. We will be forced into a global digital currency.

[@dannylake4357]

No person or persons or country wants to invest in a country that would steal your money

[@davelunger7413]

If (when) gold was valued in US Ponzi Fiat at $27,000/ounce, that fiat price would be meaningless. That scenario (which is coming, btw) will herald the complete collapse of the debt-based fiat, and a new PM-backed currency would have to be put in place. Old fiat $'s may to some extent be convertible, and maybe very minimally convertible. OTOH, physical gold/silver in hand would be very convertible to the new PM-backed currency. Bottom line - discussion of $27k/ounce is meaningless in a world where the more physical PMs you have is the more relevant metric.

[@simonlo9956]

If we ever have to go back to the gold standard, we would have a lot more to worry about than the price of gold.

[@terenceh7511]

looking forward to gold going this high, will pay of my mortgage with the gold I have.

[@dudewhathappenedtomycountr9099]

Unless they refuse to accept payment in gold which would be the case if the gov makes it illegal to own. They'd like to foreclose on your property. Assume nothing.

[@j.t.strong4913]

⁠you wouldn’t pay your mortgage with the gold… you sell the more valuable gold for less valuable dollars and pay your mortgage off with the inflated dollars

[@terenceh7511]

Wrong

[@freesk8]

Beware: The market can stay irrational longer than you can stay solvent.

[@ridgerunner9072]

They hate you

[@gerhard-jx4rn]

❤Love listening to Jjim

[@erichhonecker8548]

Even if silver reaches amazing new highs, in many countries, they simply love gold ONLY. I trust gold over all other types of so called currencies, especially anything to do with krypto or anything to do with a PC.

[@stevejohnson2108]

Yes, but silver is not just a monetary metal anymore. It is an industrial metal, especially in electronics and I don't know if you notice AI is the next big thing. All it needs is lots of computing power and electrical grid upgrades, something that silver is essential for.

[@mlb3135]

A price of $27,500 would only back about 50% of the world's supply of money (i.e., debt). And that includes 100% of the known gold (i.e., gold in jewelry, electronics, tooth fillings, etc.).

[@faustman1000]

So go for 50,000!

[@teambenjamin1]

He actually estimated 40% and that’s all it really needs to back. It doesn’t need to back 100% to instill confidence.

[@Trapster99]

September 24th: GOLD on the move up........BABY!!!!

[@douglasthompson9482]

These things are possible but that’s about it. It’s short of impossible for this to happen.

[@Gioxtream]

$27.000 PER OZ is a very conservative price.

[@balasubramanyam1115]

Gold price will drastically increase for Americans Because of dollar devaluation Rest of the non western world, not so drastic !

[@nadie2795]

Benedict Arnold was our worst traitor. Biden: Hold my beer, Ben!

[@HalfassDIY]

There is no reason whatsoever to not use 100% backing. The only thing that would change is the price of gold.

[@sdrc92126]

Everybody wants to rule the world. Free money is nice

[@faustman1000]

In what time frame?

[@Tj75822]

Somewhere between a century and a millennium. Predict early and often. Some will believe.

[@scottv3711]

India just pulled 100 Tons out from the UK.

[@well-blazeredman6187]

That's a lot of bangles.

[@rogerburn5132]

But this is NOT new Gold India just don't trust UK any more

[@futuresmkt]

I wont predict prices but, going to a gold standard would stifle trade. Maybe, dollar remains standard but other currencies reprice against us. Massive depression era conditions here and no palatable actual readjustment. A nation that no longer has fundamental shared values will find leadership difficult.

[@davefalls4387]

So what happens to a country like Canada 🇨🇦 who has zero gold in reserves

[@shah1668]

civil war?

[@GordonKley-nz4qm]

@@shah1668above the 49th parallel the population is even more divided than below. They also have a culturally fractured society. They are not one people. The US is heading that way with the invisible border.

[@bgs9man]

Great video

[@WaterlooExpat]

2:13 "You don't have to enough gold to cover to back one hundred percent of the money supply ... Historically, you need between twenty and forty percent." That's an important important fact in any discussion about returning to the gold standard. And that's a good reason why the gold standard remains viable, despite the criticisms from the supposedly sophisticated and intelligent defenders of the fiat currency system.

[@Bob-kl3es]

Bull

[@gerhard-jx4rn]

Good video thanks

[@benjaminmoore528]

So if a few years ago you thought it should be 15,000 an ounce and now you were 27,000 an ounce in just a matter of a few years what will it be in two more years 50,000?. The money supply is really doubling tripling and so forthnot to mention the interest loan is over 1 trillion a year

[@jianliu9420]

Well look at the price development. For a fews years back gold was lower. And now its ath again and again.

[@sheppy001]

Why does the US get to set the price of Gold? As far as I’m aware, China and Russia seem to have a higher influence in the PM market.

[@rogerburn5132]

Jim is just saying about US Gold Reserve but I think Fort Knox is empty 😂

[@dimmster369]

Looking lovely as usual Daniela

[@simonrowe3124]

This video is over 5 months old, based on the G7 meeting date and Jim Rickards saying such a meeting was over 3 weeks away!

[@oldgrumpyfarmer]

so if gold is 10 x will gas ect go 10 x ?

[@ReformedGoldBug]

How do we know we have that amount of gold?

[@0004612]

Indeed. We most likely have way, way more than that. 650 plane loads were confiscated from the Vatican.

[@rogerburn5132]

We don't Fort Knox is empty 😂😂😂

[@kasRose311]

Gold @ $27k silver @ +$1300 going by pre-33 $20 oz gold & $1 silver oz.

[@electricnorseman]

Spoke for 11 minutes with no mention of BRICS..??…

[@DorothyGardner-v5w]

🎯

[@robbiemcvane1046]

For sure? Why I ask

[@richardgoatbe7599]

How do you know it might be clearing out of deat for all countys.Before gold back dollars roll out

[@coldunn1921]

Yeah your right Jim and silver will be $700 an oz

[@waynefaulkner2180]

If you are doing a monetary reset and going on a gold standard, you have to include M2 value of 21 Trillion and the M1 value of 18 Trillion. Bring the value of gold $59,654 Oz. 😊😊

[@sensational420]

Silver 10k/ounce gold 40k/ounce. Fiat currencies all over the world not just US

[@simonlo9956]

How does he know Russia has not already appropriated US assets in Russia? I wouldn’t be surprised if they did.

[@CT_AF_VET]

US assets in Russia are never coming back to their owners as long as Putin is in charge. Whether they were officially appropriated or not, they are Russian assets. Russia only needs to move them onto their ledger. Other countries won't panic. They know that as long as they don't commit naked aggression against their neighbors, their assets won't be seized. If they do, the assets will. IT has always been this way during war. This is nothing special.

[@Antonemac78]

This is just another way of saying that the USD will be worthless.

[@geoffwaterman6560]

Ozzie- it will be worthless ? Rising prices means loss of purchasing power for a currency. So, they are worth less each day effectively. Think about it. Each month more currency units are created by banks as credit = inflation. More units in the system to buy the same goods

[@stevenmccallan9202]

For how many years has this guy been saying this? Far to many. He thinks if he says it often enough, it will come true

[@tonybonesLD]

That would mean that US fiat currency will be around for a lot longer and it will slowly deflate until then. What about digital dollar?

[@kertbert1]

That is on the island of Capri off the coast of Sorrento. What a great honeymoon spot!

[@rubenortega6088]

Gold would be $270,000 if u can put it in an iphone and send it around the world. We need a digital gold with scarcity and speed.

[@waynefaulkner2180]

World Money = Gold 💰, Gold = Tier 1 asset, World Currencies = CBDC'S, CBDC'S backed by physical gold = Digital Gold.

[@sheppy001]

Why does he only use M1 in his calculations and not M2?

[@gabrielw7773]

How's the stock market going to crash if gold is going up to 27,000?

[@Earth_Rocker]

The stock market crashing would cause gold to go to $27K.

[@kengaroo5170]

If everything crashes, the FED will have to hyperinflate to pump it up.

[@gabrielw7773]

Again hows the market going to crash if they hyperinflate?

[@gabrielw7773]

@@Earth_Rocker Deflation doesn't cause gold to go up.

[@441kingstonrd.2]

Look at the Argentina stock market. Booming as the currency is worth less and less

[@gregstarr2954]

VOTE Jim Rickard for president😂

[@motorcyclemike1299]

There will come a point in time when countries want payment for goods in gold. Period. They'll say you money says it's legal tender for all debts , public and private but we want gold. So go buy gold and pay us. Then what?

[@GordonKley-nz4qm]

The world will turn to barter. Cell phones for beef/hogs, etc

[@zztops4504]

He'll lose the rest of his hair before gold ever goes to $5,000.

[@JamesJones-wy7mg]

😂😂😂u funny as fuck😂

[@Ranchhoddasji]

The world doesn't need US permission to do business.

[@jnickence]

It's ironic to think that Putin has had the upper hand from the beginning. The man is playing cat-and-mouse with us.

[@varinderkhanna3884]

Gold will be minimum $11k & maximum $15k an ounce by 2035 going by current scenario & last 20 years trend taking into account geopolitics, major economies then & now & would be, price of commodities would no longer be published in US dollars & rising US debt in comparison to it's GDP. Buy gold for cash instead of Investment property & also avoid capital gains tax.

[@charleshinton8565]

Rotfl The dollars is oil backed now. If you do not want dollars you buy stocks…. Especially commodities. Remember, Gold bullion is taxes at the highest capital gains rate. Add in selling and purchasing commission and more than one third of every cent you make goes to uncle sam. Look at long term dow and Nasdaq charts. They out perform gold by a huge amount. Dow 1980…. 900 Dow today 39,000 Gold 1980 800 Gold today 2400

[@JamesJacobson-ov4ps]

$8000 gold $200 silver is the next peak

[@hugohabicht9957]

Zimbabwe Dollars 😂

[@craigg.2546]

I think those who own gold are trying to pump it up to prevent their losses..😮

[@patriceh-tissier6425]

It is the bricks who is going to decide about gold price not USA or fake Europe comunity

[@christinanapolitano6837]

Buy physical Silver and gold

[@Tj75822]

Sure. Pity the fool!

[@Ralph-i5m]

If the US dollar crashes, 75% of other currencies will become irrelevant. China is hoarding gold. Russia is hoarding gold. Many other countries want not to be connected to the dollar. There is not enough gold in the world if the top 10 economies alone began to backup their fiat currencies.

[@tracys1385]

Our dollar is DEAD! As of June 9, SA will NOT recognize the dollar.

[@0004612]

Saudi Arabia?

[@gerardno2479]

South Australia?

[@pandorasbox9294]

The saudis.

[@0004612]

@@gerardno2479 San Antonio?

[@dakshsbhardwaj8007]

Jim, you did not give a time frame in which gold will reach $27,000. Will it happen in one year? or 5 years? Someone should comment and support that with some reasoning.

[@元福徐]

今年年底來到1萬美元1盎斯！！！

[@rickmelonman]

using the interest from russian assets is one thing but, if you seize russian assets i can see putin going to war with nato. rickards sees it as stealing from russia and so do i. putin is not going to take this lightly and will retaliate with a vengence if you steal their assets.

[@johnc3473]

Why not 27,000,000,000?

[@pixelboyfriend4690]

😂

[@rogerburn5132]

It could be just like Weimar Republic Hyperinflation in the 1920 😂😂

[@5265vic]

I wonder how much 1000 rounds of ammo will be worth

[@mtrest4]

5k max is where gold will reach in 2026 - 2027

[@micksingh6711]

Good opinion. 👍🏽👍🏽👊🏽🇮🇳🇬🇧

[@jb8116]

YUP.

[@emreduygun]

All good and makes sense but the US doesn’t have that 8k ton gold and what’s there is not high puro, nothing like 99.99

[@dmo7815]

For ever (1890s) 1/ oz of silver was worth $1.00 . Now with silver at $30.00+ the dollar is worth $0.03 . $1.00 divided by $30.00 = $0.03

[@emreduygun]

@@dmo7815right, and coins had actual silver

[@tonybonesLD]

Maybe by 2050. Not anything soon. As long as cash stays around, inflation could very well bring it up to to 30k. Nobody wants to get rid of cash (freedom). So unfortunately people are “trapped” with it to keep that financial “freedom” that we can’t have with digital slavery currency.

[@kevinw9073]

I buy gold for insurance. Richards target of $27,000 is nothing I take very seriously.

[@5265vic]

So you’re going to create a gold buying frenzy

[@Rambobambo007]

America is going down fast

[@FranciscoRodriguez-be6ik]

27k plus for gold 🥇! 💩 just got real.😮

[@vindiesel5466]

2yrs ago he mentioned15k, now 27?, Hes sounding like the max keiser of the gold price

[@OVERHERE-OVERHERE]

Just keep stacking…

[@BernieWolski]

He does explain this. Watch the vidieo again please.

[@GeorgeWatson-x6c]

Or maybe they did think about it and they want the system to crash…..remember that CBDC thingy😜

[@barrymcconathy3028]

How could the people in charge be so uninformed?

[@gelzamangitzaman1482]

Wowwww that s a wild guesss

[@CarlLeith]

Consider the US Dollar is losing its value it'll take a wheelbarrow full of 1000 bills to buy an ounce

[@ericcossett5704]

The USA will not let gold and silver go up to high, that’s why they continue to suppress it. Our adversaries mine more gold and silver than we do

[@sum1has2]

What’s the best guess timeline for this? Are you talking in the next 5 years or 50?

[@Ranchhoddasji]

This is not a fairy tale. The scenario is plausible by 2030.

[@dai701]

The only thing that bothers me is that Rickards hasn't been right about anything in the last 20 years, will this be the first?

[@petrpan1190]

Wrong again

[@jagdishshastri2581]

Let's face it, plenty of wallies in White House 😂. Great podcast ❤

[@crustyzimmerman3324]

OK, Great, even when the sky falls in, the Dollar is still the last man standing. My question to you is, what do I do with those Dollars, keep them in a bank….? 😂😂😂 This is like running for the fire exit only to find it barred.

[@hopeh.cloudweaver3163]

Hmm 🤔 2+7=9 and 5+3+3=11 soooo 9/11 🤦🏻‍♀️ totally random 🙄

[@Nonconceptuality]

Hey Jim, Bitcoin will hit $1,000,000 before gold hits $27,000

[@scottv3711]

Ever wonder when you see a picture of bitcoin why it looks like a gold coin??? Platinum used to be worth way more than gold, much more rare than gold.

[@sdrc92126]

Yes, but Bitcoin will go to zero before any other commodity

[@jeremydurie-nu6wr]

Do you know how i can stake polygon token ?

[@richardenders6606]

If gold hits $27k or whatever, governments will not allow it to be in private hands

[@Bob-kl3es]

That's exactly what they want.

[@aalimov4117]

If gold hit $27k, that will mean country in great economical a$$. I suppose in that condition goverment will be demolished.

[@christopherdimas511]

Y not? They allow bitcoin in public hands?

[@richardenders6606]

@@christopherdimas511 - for similar reasons to when FDR made it illegal for US citizens to hold gold in 1933 plus the effect on the money supply if people were able to convert trillions of dollars worth of gold into currency The average US household apparently holds 2 troy ounces and there are about 135 million households, i.e. about $750 $ billion at today's price and 10 times as much at $27k Although gold and bitcoin are two different things, governments could easily make it illegal for banks to convert bitcoin to fiat or for vendors to sell real estate, shares, cars etc for bitcoin Holders of both bitcoin and paper gold could be taking a lot on trust if things blow up, if you can't buy anything with it what is it worth?

[@truthseeker5890]

Jim knows! He's been in the mess for decades! Great guy!