Jim Rickards GOLD GOES UP TO $15,000
16 Dec 2020Click to watch : https://youtu.be/ZylvMAoxnjQ
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Jim Rickards: GOLD GOES UP TO $15,000 Because The Global Money Supply Is Worthless
James G. Rickards is an American lawyer, speaker, media commentator, and author on matters of finance and precious metals.
In this interview, Rickards said: "It’s not a good thing and I agree it's not a good thing for the economy, it’s not a good thing for, for most Americans, if you have gold, you can pat yourself on the back and say yeah, I made a lot of money in gold, but that might be in a world where you're losing a lot of money on other things and need to be alert, alert to the overall economic pictures, so let's take this one of the time.
Yeah, the goal of $15,000 an ounce it's it comes out three different analyses that actually don't correlate to each other."
00:02 - It's not a good thing for the economy
00:58 - For almost all of history up until 1971 gold was money
01:32 - Gold has its own markets and still does 03:12 - Don't wait until 2025 to look at a gold price
04:45 - We're going to go on a gold standard?
06:24 - Jim Rickards: "To me, the price of gold never changes because gold is the consistory of value"
08:09 - Gold mining company is a leveraged bet on gold
08:45 - Mining stock could go up 25 or 50 times because the economics of stocks versus gold
09:29 - I’d absolutely save gold and silver