Rickards: Why Gold Is Going To $10,000

[@ibvocean]

+1 if you think Jim Rickards looks very much like the Benjamin on the $100 bill.

[@felixbeltran957]

🤣😭😂

[@juliebrothers6033]

Certainly looks like and... thinks .... 🤔like Benjamin Franklin.. kudos to him !

[@gentleben1590]

I want a part 2!!!! You two are great to listen to together. Insightful and this layman learned a lot. Thanks.

[@soleloveny3385]

Jim, what is the new case for the dollar? it's going up and up, will it still collapse like you said in 2011?

[@PCOldskool]

"That Guy", who co-wrote The Case For Gold, was none other than Ron Paul. Great job glossing over that...

[@pastexpiry2013B]

Problem with gold coins is the premium is usually 10%, so gold has to go up at least 20% in price for you to come out even!!!

[@ILoveMidasMulligan]

Big fan of Rickards. I like how he mentioned Bitcoin as being money around 8 mins in

[@bboucharde]

It's October 2021, and we are not there yet. But I do like Rickards.

[@artsmith103]

Federal Reserve Notes are currency not money. Shame on him and the interviewer for making that mistake.

[@well.thy.one.]

Yea jim doesnt go that far i dont think

[@whittonmatt]

great interview but I wish that clown would stop interrupting Jim

[@Passerby8822]

+matt whitton he's so nervous, I'm embarrassed for him

[@soleloveny3385]

Don't miss part 2 of my interview w/Detox specialist @ERIC SÁNCHEZ ! We talk detox and healing reactions, emotional detox, detox tools and more. Click to watch: kzbin.info/www/bejne/p3mXppmYnbOkjc0

[@wooden5c]

One of the better Gold / Silver interviews I have seen in a very long time

[@dougl8248]

Excellent video. But that could just be my confirmational bias speaking.

[@1headone]

+Doug L (dlaw1618) right along with mine !

[@JessnT]

exactly how I feel. :/ Debating on buying more or not. I feel like it's cheap right now but it's speculation on my end I feel like. I thought for sure there would be a second wave of real estate crash but I was wrong not that we are not still do for a correction how ever I definitely missed out on a lot of gains waiting for another crash... very frustrating.

[@hume1234561]

Jim is the first economist to rebutt the "there isn't enough gold to return to the gold standard" argument. Since then I've heard several prominent economist use his exact vocabulary to refute the same argument. Once you find out about Jim Rickards, you tend not to bother with the rest.

[@JonathanJamesHarrison]

"Bitcoin is a form of money" Nice one Jimmy

[@ILoveMidasMulligan]

+Jonathan James Harrison I like how he just slipped that one in there. Seems like he's evolving on this issue (and in the right direction IMO)

[@archivesDave]

+Jonathan James Harrison: Spot on Jonathan, spot on! If the CIA/FBI/NSA Boys can get to the 'Silk Road Guys', Bitcoin/Crypto Currencies can & will be manipulated or destroyed like most everything else.

[@nicg1883]

+archivesDave The silk road and Bitcoin are not the same thing.

[@ToPlantASeed1]

That's not to say he's in favor of bitcoin. He has said many times that bitcoin is a form of money but that it's a scam.

[@margaretlouise6200]

Real stuff you can get for gold is fairly stable. It's the DOLLAR that goes up and down. So gold cost $25 per oz (in dollars obviously) in 1932, $205 in 1999 and $1241 (today) in 2016. What does this tell you about the devaluation of the dollar over time relative to gold? Ever see those old restaurant menus or ads in old newspapers? Everything else costs more (way more) in dollars now and cost in dollars has risen every decade. In 1913, the value of a dollar was 100 real copper cents, now it is somewhere around 2.5 cents. Is the pattern clear?? Manipulation can cause temporary effects in precious metals, but over decades you see what has the real staying power. What happened to that 97.5 cents lost in value of the dollar? Ultimately, it enriched the banksters along with the gold that was supposed to back the dollar.

[@russellstone9056]

Those "cents" are now worthless zinc alloy. It's worth less than 2.5 cents in copper coin.

[@margaretlouise6200]

Used to be, you could put a penny on a railroad track and it would flatten into an oval about 2 inches long. Pennies now just evaporate.

[@Mikesorrento3344]

Do we really have 8000 tons of gold? How would one know if there has not been an audit of our go,d reserves since Eisenhower?

[@VenezuelaNow]

+John Rand Everyone is not going to be shocked when the truth finally comes out there is nothing left and China, India & Russia bought it all

[@1headone]

+50 Ducks In A Hot Tub yup I tend to think that the obama was selling it off as part of his plan to destroy our Republic, don't know if the scum ball george and his ol' man had their hands in selling it off but I would tend to believe that they did at least in part.

[@MrLTiger]

I'm sure your government has a piece of paper that SAYS you have 8000 tons. That's the same thing right?

[@VenezuelaNow]

MrLTiger I've got a piece of paper on my desk right now that states that exactly.... I'm freakin rich

[@weelgunny]

+Al, Orange Park, FL - I believe it started during the Clinton administration.

[@timbuckii8504]

Great interview! What do you think about what Harry Dent has to say about the Gold market?

[@microteche]

Really good interview. You know its current because he mentions the stupidity of the the Canadian reserve dis-hoarding its gold.

[@freddykrueger5503]

+microteche I believe the private banks in Canada have a hand in selling off Canada's gold so they can bankrupt the country and grab its great natural resource wealth.

[@chrisl8131]

I use to enjoy listening to Rickards, bit it's getting to be so rehersed. I'm not saying it's not valid, but I've gone back to interviews posted from '12 to now over various media outlets. it's literally the same interview. it's not even that it's the same information, but it's the same responses piecemeal, same jokes and quips. it's literally watch on Rickards interview, you've seen em all

[@ariffadam5611]

The host should let Jim talk more.

[@kn9ioutom]

SILVER AND GOLD ARE REAL MONEY

[@greigsanderson]

You can't buy anything with them. I think you've been listening to idiots on youtube too much.

[@1mauidog]

Very informative. Need to get the book!

[@vicmarq7752]

Biggest problem with gold is that it’s not digital, it’s not Bitcoin.

[@mills593593]

If your taking a risk to get a positive interest rate, are you also taking a risk to get a negative interest rate? Insanity!

[@Passerby8822]

+Chris Millington your point sums up our situation~Americans are screwed; it's almost impossible to prepare for the coming, soon, total collapse of all things American, Western

[@TheOmanJam]

At 31:10, the analyst guy was probably looking at the late 1999 spike in gold from $253 to around $330-ish on the Central Bank Gold Agreement. The price retraced and went back to $255 by start of 2001. So, early 2001 was a better trade but 1999 was still a great trade, when holding until 2011.

[@MrWordsofwisdom]

Just for the record: A 1 oz American Eagle coin has 0.9167 purity or 91.67% pure gold and the 1 oz Canadian Maple Leaf coin has 0.9999 purity or 99.99 % pure gold. Which one do you buy Jim?

[@John-ep4in]

that is moot, the American eagle weighs more than 1oz, and still contains 1oz of gold

[@cryptocovered4729]

Anyone seen fight club? The ending scene is about resetting everyone back to 'zero'... (Blowing up the banks)

[@CaribSurfKing1]

Any retiree who bought Gold after it collapsed after the 2008 crisis and came back by 2010 just got told they were a bubble chasing muppet by Rickards, who released a Gold pumping book at the absolute top in Gold in Sep 2011. Wow, what a star!

[@janiceg7661]

It’s 2019 and not yet...this is interesting though.

[@okellog5568]

If they can print paper fiat to infinity, then they can print paper gold to infinity. Gold is dead.

[@Alex_Plante]

I was wondering how one could calculate the "real" value of gold. Most countries calculate a cost-of-living index by defining a standard basket of goods and services and tracking how much the basket costs in their national currencies. If the values of all these national baskets were converted from the various national currencies into gold, then we used a GDP-weighted average of all national baskets, we could calculate a global "basket" of goods and services, and how much it's worth in gold. The inverse would be the real value of gold. Has anyone ever done this exercise?

[@hollytree2927]

I like this idea a lot.

[@Alex_Plante]

Sorry, no time. I'm a busy engineer and what little free time I have is for gardening.

[@trumpsahead]

Fantastic interview. Jim Rickards seems to know a lot of secrets of govt. Wish I could slow down their speech patterns, I'll have to play this again ... at a later date.

[@bammbamm12]

I don't think people ask "when is this going to happen?" in order to determine when they should buy. I think what they're calculating is how soon they can sell what they have and buy that farm, or pick up a house for a few sheckels.

[@ibvocean]

Many upon many corrupt officials around the world have a lot of physical gold hidden in their real estate properties. These people might have been bad, but they were pretty smart when it came to realizing the real value of gold. In my opinion though, silver is better but more volatile investment option.

[@cramer071]

Jim, what is the new case for the dollar? it's going up and up, will it still collapse like you said in 2011?

[@Folk_var]

+john cramer - It will only go bang when the banks (central and investment) can no longer manipulate the markets. Then the chickens come home to roost. We're still quite some way from that time in my view. When they abolish physical currency and then do bail-ins you'll know we've moved another big step forward to that time.

[@stupedaso9553]

“In truth, the gold standard is already a barbarous relic.” is the real quote

[@squishyplums2415]

If gold hits $10K I will be a hundred thousandaire!

[@PowerGearPerformance]

cool beans.. good luck my friend!

[@freddykrueger5503]

+Adrian FC82 a cup of coffee and a donut is what it will buy ya. not sure about the donut.. that might be extra.

[@matsisaksson8316]

Is 1oz of gold going up to 10000$ or is the US$ crashing down to 10000$ to 1oz of gold? To get the real value of gold we have to compare it with a lot of other assets (more than comparing gold with the US$).

[@bobtate6812]

How you compare American gold eagle 18 carat shit with shiny Canadian 24 carat maple?

[@gold999gang]

100 oz copper = 1 oz silver 100 oz silver = 1 oz gold. copper is the floor at $1 per oz.(avg). thats 10,000 oz copper per 1 oz of gold.

[@janesmith167]

Excellent insights and analysis. Just keep in mind that you can't eat gold. History shows that even if you have money, in desperate times, your money is not going to feed you. When all logistics fails and you are competing with millions of people for food, your money is worthless.

[@stumpycatvm7115]

you cant eat paper money either

[@Looneyy786]

Jane Smith, the person with money can buy (hire) people to go hunt for food. It always works out for the ones with money.

[@NIPSZ]

What would happen to Gold short ETF's if COMEX shut down and cashed out, would the inverse ETF's cancel out or stay intact and drop to zero?

[@taintman2114]

+N 10SZ short ETFs *should* still try to mimic the daily performance(or inverse) of the asset, look at some of the VIX ETFs lol... they reverse split multiple times per year. However I believe ETF issuers have the right to lock and cash out the fund at any point they wish...

[@NIPSZ]

decay for the people = riches for the issuers

[@CaribSurfKing1]

When Jim? You said the same at $1900 in Sep 2011. I guess the "old case" did not pan out.....did it Jim?

[@CaribSurfKing1]

+dj blÖsl Productions Maintain that balance against what. All asset classes are about timing, something which RIckards uses to prolong the time he can sell his fear investing novels. Imagine if you bought Gold and Silver in early 2011, you would have turned hundreds of thousands into thousands, woo hoo! What about all those retirees who bought his Currency Wars book in 2011, that talked alot about buying Gold ( when it was at the top of its bubble 5 years ago ). And don't even get me started about Silver in 2011! You should check out his tweets for the last 5 years. I think his best is 2014's numerous QE 3 will never end!

[@thanosisback2754]

+CaribSurfKing1 Imagine you lived here in South Africa, like I do, where the Gold price in ZAR has skyrocketed. Here is a nice chart for you. We do live on planet earth you know, there is much more than just the USA - what suits me may not suit you. I am extremely happy with my Gold vs ZAR. goldprice.org/gold-price-south-africa.html

[@Folk_var]

+CaribSurfKing1 - You don't buy anything when recommended until you do your own due diligence. I've done very well out of gold and silver these last few months. In a 'normal' market Rickards would have been right.

[@well.thy.one.]

+CaribSurfKing1 you are looking at a very short window there. Open it up to 10, 20, 50,100+ years....rather be accumulating gold/silver or dollars? Its not even close....and dollar is still "king!" Wait until that changes!!

[@1headone]

+CaribSurfKing1 I don't think that he believed at the time that the precious metals manipulation would go on as long as it has but sooner or later they're going to stop, that silver fiscal where the price jumped high and the market stayed open an extra 20 or so minutes to let it drop down to below closing prices shows it's still on for whom ever it is that's doing this, one thing for sure they're powerful people!

[@longgowhereto]

This is a NUGGET, but I disagree a little here and there. F.e. the amount you should have: "10% - 20% ... it's like fire insurance" No it's not! 1999 maybe, but today the house is already on fire. I exchanged all stuff that can catch fire into no burning stuff. And I think of it as my retirement fund. It might not grow, but it will be there, when I'll need it. Because not only the houses will burn down, the insurances, funds, promises...all will be ashes no more.

[@bonnitakhaliq9578]

+longgowhereto Well if what you said was true then there will be a few countries that are screwed , the ones that hold no gold. I have a strong feeling that countries will be broke and will tax the hell out of you when you sell your gold , like 40% tax.

[@longgowhereto]

Bonnita Khaliq All savings and my butt have left the Eurozone some time ago. So I hope I'll be save. But you are absolutely right.

[@Folk_var]

+Bonnita Khaliq - More like 90%, if they don't just confiscate it. Of course you don't have to sell it and you don't have to hand it over either. Of course such a stage of events may never happen as governments may well be burning by then.

[@well.thy.one.]

+leftieloosers 50Au40Ag10Bs

[@4lugan]

I bought The book. Interesting. Now I'll read Currency wars and Aftermath

[@rentslave]

If the Phillies keep winning,you'll see that gold price zoom. It always does.

[@jamesparsons9627]

Notice the ladies disparaging gold on TV are wearing plenty of it...

[@whitewiz222]

Time for a catchup!

[@curtisrandolph1887]

The price will be what the banks want it to be. Every now and then they temporarily lose control of the price. When the price of gold or silver goes too low you can’t find anyone dumb enough to sell for the most part. To obtain the metal you will pay a hefty premium.

[@TallTiger11]

When was the last time Ft Knox was audited? Is it just an empty room? 8000 tons? Do you trust Government?

[@rezonthe]

+kuchek Conspiracy theory is just an empty room.

[@well.thy.one.]

Dont matter gotta get ur own

[@WilliamBang]

I knew this was old when I heard the books name. Then all you got to do is look at Jim Rickard's face. He looks much older now so basically this video and the final outcome has been incorrect for the past 6 years, even with the COVID push which fastforwarded a lot of things. It's still not there.

[@frankzakzak]

Rickards has not called anything right yet.

[@nonon5092]

Mike Williams do you think that now? I think it’s all unfolding

[@frankzakzak]

@@nonon5092My response was 4 years ago/. they use same trick saying each year, until a recession happens. this could be devastating with mortgage servicers. equity of most companies being obliterated. everyone knows the system will crash, so when is key.

[@nonon5092]

@@frankzakzak it’s been a year and I’m in Sydney lockdown. Your thoughts today ? Should we buy gold ?

[@PunjabiSikhRajput1]

If you think gold is going to $10000, why would you only put 10% in gold? Why not 50%?

[@Hakirokone]

+PunjabiSikhRajput1 Why not 100%!? HECK, why not get a loan and do 120% to 150%!?

[@TrichsRUs]

+PunjabiSikhRajput1 Very good point.

[@sygrizz9491]

This guy writes hundreds of pages and his recommendation is to put only 10% in gold??? This means to me, he doesnt believe in his own philosophy, so then why should anyone else?

[@AniishAu]

Try listening again. Gold is Gold. It doesn't go up, the dollar goes down. It doesn't perform, it insures. If gold goes to 10K its because the dollar has crashed. However, in the meantime, since no one knows when the crash will occur, if you want your investments to perform (assuming you have any), 100% gold aint gonna do it.

[@j.dejarlais5452]

Because gold is money and is a capital commodity and therefore only goes up relative to the Federal Reserve’s bank notes which are bank notes of debt purchasing power is subjective and based on the public’s confidence in the paper debt notes. Bank notes are debt but since they currently have perceived value you use them to invest in capital assets to obtain a yield. That’s why you would not put 100% of your money in one capital commodity.

[@philiphazel35]

The interviewer was far more interested in listening to his own voice than he was Rickards. Ugh.

[@kulturfreund6631]

What a nonsense

[@bisyhefr]

why do i see only old bills come out of the ATM....... where are the fresh crispy ones that i used to get and why didnt noticed nobody this.......

[@bisyhefr]

+bisyhefr hell the other day i got one that was taped together.....WTF is going on people....

[@jverderber]

Until the printing presses blow up I cant see Gold getting to 10,000oz in my lifetime.

[@g59490155]

Canadian maple coins are beautiful too!

[@well.thy.one.]

I could do without that ladies head on there, but they are beautiful coins

[@nohobob]

those that don't learn from history are doomed to repeat it.

[@cryptocovered4729]

Can someone answer: money isn't supposed to 'have yield', what do you have to say about "opportunity cost"?// before u 'bugs' freak out, I've read currency wars and the death of money, AND subscribe to theory; but interest on money does make sense to me. I get the 'Muslim' (and Catholic, at one time) arguments against as well.

[@mikekretmar]

interesting id rather have the gold or silver

[@jedclampett6466]

In terms of known resources and warehoused supply, silver is by far more precious than gold. Why do you think that there was such a concerted effort to keep the silver price suppressed? The layers of onion skin are being peeled away one by one...

[@mikekretmar]

that guy knows his shit nice find

[@andrewvare3173]

Here we are four years later. Why should I buy your book again? Fiat money...hello Max and Stacey

[@Chaka2479]

Bitcoin is digital gold!

[@foxx441]

+Jeff Abalos Bitcoin is made of nothing, a man-made creation...Bitcoin is an invention, been around for 5 minutes. Gold has been a source of wealth for thousands of years. No comparison.

[@bahmak2003]

@@foxx441 hahaha ee jj iit! Compare gold has lacklustre profit, while bitcoin is going through the roof!😂😂😂

[@viewmodeimages350]

Well, well, well. Isn’t this interview interesting?! I love looking at ‘predictions’ years later to see how much they screwed it up 😄

[@dedskin1]

But its 4 years latter . The man is correct tho , the price of gold should be beyond 10K , but the System is rigged , and there is no gold , you can buy it and you will get a paper saying you purchased it but you wont get gold . Do you understand , so since its all virtual they can keep the price where they want it . The actual Gold market works totally differently , its not reported

[@viewmodeimages350]

@pavlepavlovic I think its you that doesn’t understand. Only fools buy paper silver and gold. Smart investors buy physical gold and silver. The reason the price hasn’t gone up is a number of reasons, gold is and always has been cyclical, money is going to other investments currently, people are easily distracted, bitcoin, high yields etc. Give a bit more time learning macro economics and the history of economics and you will understand. While you learn, I will continue to get richer.

[@dedskin1]

@@viewmodeimages350 Yes , you say im not in the know. What can i say then . But i will tell you this , if you want to buy 50 kilos of gold today . How do you do that . If you go to market youll just get paper , not gold . There is no one that will give you 50 kilos of gold man , there is no such thing . Reality is more like Dark Ages , if a peasant says i want 50 kilos of gold , ppl laugh But if he indeed has that kind of money , they lock him up , say you stole it and take everything from you , thats how it would go down . Make no mistake , if Police finds you with couple million , or 50 killos of gold you go down. Exactly like dark ages , just a bit worse , or maybe its lot worse . Thats the truth . Where i am , the most you can have with you is 10 000$ , sometimes less . Everything else has to go over banks

[@viewmodeimages350]

@pavlepavlovic sorry Pav, I can’t hear 👂🏻 you over all the money I am making. If you want some tips, get in touch. Cha ching!!!! $$$$

[@dedskin1]

@@viewmodeimages350 You are not making money my friend , you are making currency ,credit , dept. . There is a massive difference. You cant use that Credit to go on Vacation , its locked up . You cant buy cars they dont have processors to make them . You cant buy PS5 , there is none , shortage of chips . You cant Buy gold no one is selling it for credits . You can buy a hot dog for now , but that will change , there will be shortage of sausages. You dont see these things , but you will in time .

[@squirrelcatcher]

You didn't see bitcoin coming for it. Gold is on a downward trend

[@squirrelcatcher]

@little drane I'm British, don't own any gold eagles but have George the dragon complete set

[@ClockFixer]

If Gold goes to 10,000 bucks, a Loaf of Bread will be 385 dollars.........Pray this doesn't happen!

[@well.thy.one.]

Not necessarily. We really have no precedent to what we are dealing with. The possibility exists that a large share of the RIDICULOUS amount of debt based/ electronic currency that exists will "revalue" real monetary items one way or another. Gold is money and most of the people have forgotten this.....for now.

[@indman101]

These guys push Gold to sell books.

[@gre6821]

+Donnie Lee or they want to sell books to buy gold.

[@MrLTiger]

+grE68 My mind is blown

[@indman101]

grE68 It's trying to breakout but just can't seem to do so I believe it will at some point in time in the future but right not it's a roller coaster ride which is likely headed much lower this year before a breakout begins so as people flock towards the dollar over sea's Gold will likely drop first which will be a great time to pick some up.

[@newyorknewyorkny4521]

+Donnie Lee LOL - Your self-proclaiming to be some Nobel Prize type of genius that can magically predict the complex actions of currencies , commodities, human decisions? Or, are you just in denial about your admiration? LOL

[@indman101]

The world is headed towards a Depression so it's common sense Gold will fall in value to the Dollar....and yes they have to have a topic to write about...writing and selling books is how a lot of these guys make there living.

[@kalesims6540]

Look it's the Gordon chang of gold. Gold is $1500 today. Good try Jim.

[@jaydee5447]

kale sims ....and $1,960 today

[@nonon5092]

Great interview but Jim needs more air time

[@harryseibert457]

When you liquidate your gold isn't there a commission of 30% to the broker?

[@gcg8821]

Canadians did not sell all of their gold. Its all in the ground!

[@postmodgent1499]

+gg True, but it takes time, energy and labor to extract/refine it. When one is immediate need of money there is not much time to spare. When there is time and labor energy cost is high. When there is time and energy is affordable there are labor disputes. If you have (fine deliverable) gold and sell it just for the sake of selling it you will probably live to regret it.

[@kikin310]

4 years later finally gold is trying to go above 2000$

[@kikin310]

20 years later finally 10000$, but 10000$ is equal to 1$ from 2020

[@Radnally]

given rickards track record since 2011, i think it detracts from Hedgeye's credibility to have him on.

[@lsnows]

I don't trust fiat money. Them people can't make cars right, how are they gonna issue money?

[@Mrfoo2002]

Spoilers. It didn't.

[@yayamon769]

Waiting over & out 6/20/2019

[@ffeis]

2/10/2021: Worldwide the Central Bank printers go brrrrrrrrrrr - and gold don’t move. Maybe he is right in about 50 years.

[@kevinjoseph517]

JR has he ever made a correct prediction? I gave up listening.

[@stilgottheblues]

After watching all these vdos I can understand gold price will significantly increase in USA. but will it also increase in India, the place I live, significantly.

[@ConsciousOne369]

By the way to answer that one guy's question that Jim never answered: "why is gold a good trade against fiat" if one counts gold to be money... well to answer that one must first understand what is money and how gold acquired its monetary value... Well in the free market gold proved to be the commodity with the least declining marginal utility meaning that one could hoard gold and trade it for other things. In other words gold was the most widely accepted good in exchange for other goods, and thus gold acquired its ability to serve as a medium of exchange on the free market. Now money is first and foremost defined as a medium of exchange, followed by a store of value. Well fiat money acquired its ability to serve as a medium of exchange due to compulsory government 'legal tender' laws , making the government (central bank) printed fiat money used for medium of exchange. Furthermore, since you could only pay your taxes to the government in the "legal tender"government (central bank) money cut of gold as an alternative means of money that could challenge government fiat in circulation if the government was to allow for debts to be repaid in gold. So gold is a good trade against fiat, because the fiat currencies will collapse due to the debt and a loss of trust , considering that fiat money is created by the means of debt monetization, so in other words each new dollar, euro , yuan etc.. created means another dollar, euro, yuan.. etc in debt. Plus you have to repay that debt with interest, meaning there is always more debt out there than there is 'fiat' money, (also if you take into consideration the shadow banking system with rehypothicated assets and derivatives which are highly deflationary in a debt collapse as they all represent debt without any depository banking). So in order to keep this fiat economy going the government (central banks) are always in need of expanding the money supply, and since you can't mathematically repay it this whole system is essentially one big ponzi scheme that will collapse eventually and the trigger could be any number of things for example: gold backwardation (gold futures is trading less than spot physical gold, so you can sell spot, buy on the futures market and get your gold back plus a risk free profit, and the fact that this is not occurring means that investors are losing faith and would rather pay more for gold now, than gold promised to be delivered in the future, otherwise arbitrage should never allow gold backwardation to happen for long), banking sector collapse, derivative catastrophe... etc) So this is why if you gold is money (even now gold backwardation assumes that gold is still viewed as money, or a bet against fiat) and thus gold is a good trade versus fiat...unless you believe that our debts can be repaid and are no problem than buy fiat and bet against gold, otherwise bet gold to be the reserve money against fiat sometime in the future and buy gold P.S. I wish Jim would have mentioned something on silver,like I would like to know what is the true silver to gold supply right now? and what are the chances of bimetallism where silver can trade freely against gold as money versus a pure gold standard?

[@frisb.7948]

You sound insane.

[@frisb.7948]

Alex Bondar Good luck, you'll need it.

[@dewwaters]

Alex Bondar

[@billpbritt]

No point in buying any eagles. Buy silver and gold bullion period.

[@kknopp1]

the guy to old to understand bitcoin which captures all his arguments and went to 10000 and beyond

[@rajanikanth8263]

tht lady in the back ground is passin time in office

[@pardeeptandon]

Indian Banks have started paying Interest on the Gold you deposit with them .... So Gold has Yield.....

[@freddykrueger5503]

+pst yea but they "loan" your gold out... which means in a real crisis, you won't be getting it back immediately... or perhaps ever.

[@goldlover5915]

He changes his mind more than he changes his shorts same old same old

[@TheMillieSmalls]

Gold Lover does he change his mind or is it the same old? Can’t be both

[@ajsun4201]

What's a "Giffen-good?"...(sp)?

[@freddykrueger5503]

+AJ SUN A Giffen good is a good for which demand increases as the price increases, and falls when the price decreases

[@ajsun4201]

***** Thanks Freddy

[@jaddy540]

WHEATON, WPM gets $27 million cash flow per employee!

[@attybatty4857]

All commodities are manipulated. These guys really don't know shit as to what and whens etc. of what they are speaking. There conclusions are based on an a stand up system. We don't have one now and in my opinion never had one. So I say Good Luck.

[@sygrizz9491]

Correct!

[@studyyourbible67]

+AttyBatty oh shut up. It's so easy for you to sit there behind your computer and pontificate like the Pope. You haven't proved your case and so it must be rejected on the spot.

[@fooksengloke3625]

AttyBatty Good thing is gold has been manipulated downwards which means there is scope for rise in price.

[@elsaoliva3342]

The Bible talks about gold but there's also two scriptures in the Bible that allude to digital currency the first one is cannot sell and buy without the mark of the beast one government and one currency I don't believe it could be gold but I know gold is very valuable

[@mikekretmar]

this show was awesome I could listen to this crap 24,7,

[@mikekretmar]

say I wanted to buy a car could I pay in gold or silver instead of legal tender

[@freddykrueger5503]

+Mike Kretmar Unless you're buying it from a gold bug.... no. He'll tell you to sell your gold first and give him the cash.

[@gRosh08]

Pumper!

[@well.thy.one.]

Stacker!

[@gRosh08]

It is no longer fun waiting for Gold to break free from manipulation! I'm stacking cookies! Cheers!

[@elijahschnake3863]

Gold doesn't have a yield. Doesn't have management fees either.

[@harryseibert457]

When you eventually liquidate gold Aren't there a comission fee of 30%?

[@peapod8]

Silver is the bargain.

[@williamhutcheson8361]

No doubt gold will go to $10,000 … in the year 2200.

[@Skhulu]

Gold is not going to that level, that is simply not true

[@robichard]

I have followed Jim Rickards for years and read all his books. If he really believes that gold is going to $10,000, why not put 100% into it. The answer is obvious. He is peddling investment advice to make a lot of money and covering his ass if he is wrong. Actually, he doesn't have a clue where the price of gold is really going, nor does anyone else.

[@stumpycatvm7115]

well actually he explains how he came up with 10 thousand, it represents the 40 percent of all money reserves compared to proven or likely gold reserves

[@kn9ioutom]

EACH YEAR MY PAPER MONEY BUYS LESS

[@pokies100]

US$10,000 is too low in 2016, US$300,000 per ounce more like it. Baha'i Faith has a link to demography where single males pay to the wife a silver dowry for rural dewellers and gold dowry (or promissory note) for city dwellers. It will force young single males out of the city to marry. Read the reference to gold and silver and look at the demographic implications in the book kitab-iA-qdas

[@andrewvare3173]

Generation gap in holding physicals.

[@john72ss]

10,000 worth of gold would be about 100 ounces!

[@Passerby8822]

+john72ss ??! $10,000 as of the day you posted, would buy exactly EIGHT ounces of gold