Topic: Jim Rickards: His Gold Price Prediction Explained... - page 2. (Read 317 times)

I guess the price increase would be in anticipation of serious global financial problems or in reaction to a serious global financial problem.
   Well, that could happen if gold remains expensive/valuable in certain part of the world during a serious global problem. I wouldn't rely on high price in few parts of the world when a time like that comes. Things could be very regulated there and they'll probably have very difficult/risky terms and conditions.
I'd rather rely on some other things.

Central Banks and Private Banks diversify deposits in managing their foreign exchange reserves. This deposit is a central bank asset that is stored in several reserve currencies such as dollars, euros or yen and is used to guarantee its obligations, namely the local currency issued, and the reserves of various banks held in the central bank by the government or financial institutions.

In terms of currency, the state also has foreign exchange reserves in gold (gold bars and contractual rights to gold bars). Foreign exchange reserves in the form of gold are intended as a buffer for liquidity to support the implementation of monetary policy and fulfillment of obligations in foreign currencies.

The simple idea is that central banks around the world are currently working to maintain a balanced proportion of their foreign exchange reserves to maintain the stability of a country's financial system. Because if they do not buy gold then the proportion of gold in foreign exchange reserves will decrease significantly because they lag far behind the US Dollar they have.

Gold is negatively correlated with US Dollar and it is very beneficial for central banks because they are holders of the US Dollar. By having gold in their reserves, they have a very positive hedge to protect their US Dollar positions.

I know Jim Rickards for a long time but not every financial expert helps many rich people. Ask yourself, if Jim only made a false judgment, would he be poor? of course he cannot be poor because he is only fomo about the price of gold but he does not buy it! or he has prepared a plan, that he buys gold from $ 1k4 and wants to lure people to buy more gold so that the price of gold is increased and he will sell it at a higher price. This is a common strategy of financial experts, they get rich because many stupid people believe in their words.

These precious metals personalities hold stockpiles of gold and silver.

They do press releases encouraging others to buy metals to increase the value of their holdings.

"I do not currently own or hold the investment I'm recommending", conflict of interest disclaimers, are so rare these days.

One interesting thing about gold is youtube clips uploaded by prospectors claiming to find $600 to $1500 of gold in a single day:

https://www.youtube.com/watch?v=RawIaDhqZ8E

It could be a good side hustle for those who have the means. Can't say I have experience with it.

We all know banks are hoarding gold atm. What their motives or long term plans are, I couldn't begin to guess.

It's complete rubbish that the price of gold will go to $50,000 or even $100,000.

Who on earth would bother to buy at those prices? The price of gold is currently being supported by people in dodgy countries who are trying to preserve their wealth from their govts - and even that is not enough to send it above $2000.

As long as the US remains a stable democracy, gold will just trade between $1000 and $2000.

A bit complicated for me and I can't afford it anyway so it's not an immediate concern. It would suck if many of us are stuck with fiat and can't purchase gold anymore. We'd be losing money as the value of fiat collapses. Thankfully there is crypto now but it'd still like the metal option.


So, you think we'd be using more gold/silver backed currency in the near future? Using precious metals as money seem inconvenient. Maybe China is right starting to create their crypto and back it with gold.


Thanks. I found your comment before I clicked on his link. This is why I'm cautious clicking links here in the forum.

I totally get what Jim Reckards is saying, but he doesn't take into account that we have entered a new 'neo-technological' era if you will.. We are no longer the same civilization that put value in a piece of a metal. Or.. at least we won't be when people will realise the true value of Gold - a piece of metal that has a few real use cases with a portability dysfunction.

IMO it is much better to put your money into precious metals than into fiat of course, but I'm just saying there are better options out there.

Damage to the global monetary system begins with the practice of written paper that can be used as a means of payment without any real collateral worth of nominal paper issued by banks. The use of money that has no intrinsic value is also an initial source of catastrophe in the global crisis, plus the printing of dollars that are no longer using gold collateral is an injustice. Even though the dollar is used as an international currency.

Although until now the fiat system error is the most likely cause of the transition from fiat currency to gold. But when only gold and silver are recognized as universal payment instruments, and as we know the amount is limited, gold and silver will become premium money, not only because of high demand but because of their existence and ability to evaluate themselves for centuries.

Perhaps the rationale behind this analysis is that there will be a world war that will lead to a price collapse to record levels and therefore no one can buy gold.
The real difference is that gold is a safe haven when uncertain, but it cannot achieve record levels because initial supply and demand can change or be replaced.

For those of you who clicked the link and went to somewhere totally unrelated that has nothing to do with the topic at hand because OP decided to make a clickbait and tried to get people to visit his website : https://www.youtube.com/watch?v=HpqJ-sFScxA&feature=emb_title  this is the youtube video at hand that was talking about the subject which basically has nothing to do with bitcoin at large but could show some insight to how commodities are seen in the world and how bitcoin could be considered a commodity as well.

https://jimrickards.blogspot.com also this is the real thing OP probably wanted to link to because that is literally a blogspot with no .com domain bought with absolutely no hosting but at least that is the right link to clickbait people into I suppose.

As with everything related to investments, it all comes down to your time of entering. Gold two days ago broke $1600 which is a 7 year high, but it's still under its $1900 all time high. Those who bought into the 2011 Gold bubble and held on to their Gold have wasted a lot of time and missing out on a lot of yield. Thinking that its safe haven status will save you from massive declines is false.

Bitcoin and stocks have been the shit to get into in the last decade, Gold clearly not. It's important to spot the differences in the trends amongst assets to not miss out. Being so attached to an asset that you don't want to sell it is understandable, but it usually doesn't work out well for your purchasing power as the Bitcoin/stock charts clearly show.

Peter Schiff isn't all that different from perma bull Pompliano in the sense that they always think it's a good time to buy no matter how bearish the market is. People should pay less attention to what they say and do more research themselves.

I am into cryptocurrency like Bitcoin and Ethereum but I also understand that gold is a good investment and the first and original store of value especially during times of crisis, upheavals and chaos economically or politically. In fact, there is a similarity on this aspect with Bitcoin. But I have to admit that I am not into gold right now because unlike Bitcoin here in my country there is no outfit setting up for common people like me to buy into it conveniently. Let's see if soon we can have a platform here dealing with gold in the same manner they are doing it here for Bitcoin and other cryptocurrencies.

Jim Rickards, legendary gold expert, says soon you might not be able to buy gold at any price!

I reveal the insider information you need to understand Jim Rickards reasoning and determine if you should buy gold now or wait. And how gold could go to 100k an ounce, or more.

Jim Rickards is the foremost expert on the price of gold, when he talks the markets listen and you should too. If you've followed his work you know Jim Rickards is one of the premier macro thinkers in the world.

And if you don't know who Jim Rickards is, you need discover his ideas right now. Understanding and listening to Jim Rickards now, could save and make you a lot of money in the future.


Click here to watch this video and to read more:

https://goldsilverliberty.blogspot.com/2019/07/gregory-mannarino-get-out-of-central.html