GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Tuesday, January 23, 2018

Is $10,000 Gold What Investors Want? - Jim Rickards

A rapidly increasing price level for gold may not be beneficial to investors, said best-selling author, Jim Rickards. $10,000 an ounce is “approximately the implied non-deflationary price of gold in a gold-backed monetary system,” Rickards told Kitco News on the sidelines of the Vancouver Resource Investment Conference. Rickards noted, however, that gold at $10,000 levels may imply an increase of prices of other goods and commodities, thus eroding purchasing power. “All gold does is it preserves your purchasing power. But, if gold is $5,000, then oil is probably $400, and everything is double or triple, you’re not really ahead of the game,” Rickards said. The best-selling author added that 2018 may be a breakout year soon, and that a pending economic downturn is imminent and would be triggered by a liquidity crisis worse than the Great Financial Crisis in 2008.

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