Love Jim, well informed guy. My concern is that gold is political. Bitcoin is the next level as apolitical, fit for a digital age. That said, keep tubes of Eagles handy in case the juice goes out.
I wondered about how many Fracking Bonds the FED bought as they worked to stimulate the Pandemic Plight? The Frackers were supposedly facing some issues as the Oil Price dropped. The ability of the Fossil Fuel Industry to find some return on investment, seems tied to selling LNG to European Consumers. The conflict in Ukraine seems to be connected to the ability of Russia to serve 70% of European Union Demand, through Nordstream as well as the various pipelines they have built over the last 40years. The former Greek Minister of Finance mentioned that European Unions funds are about as healthy as the US Federal Reserve Note. If the European Consumers defy the LNG Markets and ask for their former supplier in Russia with Natural Gas at less than a third of LNG Cost, to return, will the potential for the US Treasury and the FED to face some difficult times seeking funds to pay off the Bonds and T-Notes as they are mature? Could the Propaganda become as worthless as the paper it is printed on.......I guess we need to say, the digital Media that the Digital Dollars are transferred on? Has Capitalism exceeded the expectations of the Investors? Is Western Capitalism now facing some potential for economic irrelevance?
There are a few problems with gold one you have to purchase it and that cost extra more than the price of gold!! And then when you sell it you sell it for less than the price of gold so the difference between the purchase and the sale is 10 to 12% when was the last time gold went up by 12%
does any one think copy trading is still a thing? i know it made a lot of easy millionaires when it was a trend some years back. when it was made especially popular by the concept of social trading in etoro. got me wondering if this method still works? my portfolio is drifting terribly far from safe waters lately. really looking for a lifeline
Right Coldstone sky-high gold is going up Brooke Rancho market crash real estate price for gold logo stocks will be gone three defensive till the end hydroelectric stocks in defensive manner
Fed gold... Treasury took after 1934 ... Treasury gave the fed banks pieces of paper called gold certificates . Treasury has about 8,000 tonnes of gold . Apparently they are keeping the gold to back up the value of the gold certificates that the fed banks hold
Doing the sums many many times gold should be about 12000 Swiss francs a ounce . Using this currency as the most true one Not USA dollar that bears no value to reality . As value in materials an labour have to converted to money ( IOU ) it seems only way to value gold is dividing all gold by all PPP Est gold 250000 tons World PPP 110 trillion ( 115 - 5 USA overvalued $) This means in theory all output can if needed be paid in gold . So all nations currency are set against this value . Up or down with there PPP !!!!!
Hey Jim Peter Shiff was right and you were wrong on the deflation debate , are you going to admit that or do you have too much of a massive ego ? A massive fan of both I have all of your books mate ? ? ?
total utter nonsense re jims take on fed insolvency. the fed executive was right, the fed is basically engaging in liquidity swaps with the market, and it has infinite liquidity, so it can always pays reserves to infinity. so it doesnt need capital, and it can unwind its balance sheet, by canceling or expiring the securities at maturity, or setting up an spv if it wished. the interest payments will have an impact on the governments financial balance, but the other side of the coin , is the securities that the private sector holds will have an income stream through the interest rate channell, adding to gni (gross national income). the government debt , is nothing more than a zero default risk wealth management assett for the private sector.
What Would Jim Rickards Be Buying Right Now?
🔥Sign up Today 🔥 pro.fattail.com.au/m/2034144
I hope you read this Mr. Rickards, i took a nice position in gold the spring of 2018 when you stated it was a good entry point. Drinks on me Sir!
Thanks for sharing
We're going to take your Gold and give you this "Gold Certificate".........LOL
Great info guys, Thanks. And good on ya getting Jim as a guest!! The MSM has basically black listed him because he is too honest about gold.
Can’t believe this has so few views. Great content! Thank you!
2018 gold and silver investor (physical) on Mr Rickards call …….cheers to you Mr Rickards
Quality content, videos like this and insight from an expert goes a long way.
Been listening...trying to understand ... thanks for the lessons.
Thanks for taking the time.
Jim is very much US centered.
China and Russia have lots more gold.
They will have their say on the future price of gold.
Basically, what we know is that they don’t play by the same rules everyone else have to abide by.
Great interview. Greetings from Ecuador
THE SOCIAL CONTRACT IS BROKEN.
It’s too late.
Love Jim, well informed guy. My concern is that gold is political. Bitcoin is the next level as apolitical, fit for a digital age. That said, keep tubes of Eagles handy in case the juice goes out.
The young man needs to learn to listen. U got a very special guest there on the show. Count yourself lucky, and give your guest his space to answer
Jim Rickards is a sage
Thank you
the lost decade for Gold - I’m still down on my coins I picked up in 2011 - including inflation probably down 35 % 😕
A $350 billion gold mark up doesn’t sound like all that much relative to. $9 Trillion balance sheet.🤔
thanks
You're welcome!
Wow... didnt know about gold certificate....
Jimy cowboyy 👏
I wondered about how many Fracking Bonds the FED bought as they worked to stimulate the Pandemic Plight?
The Frackers were supposedly facing some issues as the Oil Price dropped.
The ability of the Fossil Fuel Industry to find some return on investment, seems tied to selling LNG to European Consumers.
The conflict in Ukraine seems to be connected to the ability of Russia to serve 70% of European Union Demand, through Nordstream as well as the various pipelines they have built over the last 40years.
The former Greek Minister of Finance mentioned that European Unions funds are about as healthy as the US Federal Reserve Note.
If the European Consumers defy the LNG Markets and ask for their former supplier in Russia with Natural Gas at less than a third of LNG Cost, to return, will the potential for the US Treasury and the FED to face some difficult times seeking funds to pay off the Bonds and T-Notes as they are mature?
Could the Propaganda become as worthless as the paper it is printed on.......I guess we need to say, the digital Media that the Digital Dollars are transferred on?
Has Capitalism exceeded the expectations of the Investors?
Is Western Capitalism now facing some potential for economic irrelevance?
Not in our lifetime. I been waiting 20 years.
There are a few problems with gold one you have to purchase it and that cost extra more than the price of gold!! And then when you sell it you sell it for less than the price of gold so the difference between the purchase and the sale is 10 to 12% when was the last time gold went up by 12%
He's a lot better looking in The big short.
Central banks are working on digital currency not gold standard
I lost my Gold in a boating accident
How can they go bust!? They will always take the easy path, print
net long in gold Jim?
I’m off to the bullion dealer, seeya
$15,000 an ounce!!!!!
does any one think copy trading is still a thing? i know it made a lot of easy millionaires when it was a trend some years back. when it was made especially popular by the concept of social trading in etoro. got me wondering if this method still works? my portfolio is drifting terribly far from safe waters lately. really looking for a lifeline
Right Coldstone sky-high gold is going up Brooke Rancho market crash real estate price for gold logo stocks will be gone three defensive till the end hydroelectric stocks in defensive manner
What a long rambling session,
Fed gold... Treasury took after 1934 ... Treasury gave the fed banks pieces of paper called gold certificates . Treasury has about 8,000 tonnes of gold . Apparently they are keeping the gold to back up the value of the gold certificates that the fed banks hold
They’re just letting the debt mature not selling it, they’re just earning a shitty return on their cash or whatever
👍
Doing the sums many many times gold should be about 12000 Swiss francs a ounce .
Using this currency as the most true one
Not USA dollar that bears no value to reality .
As value in materials an labour have to converted to money ( IOU ) it seems only way to value gold is dividing all gold by all
PPP
Est gold 250000 tons
World PPP 110 trillion ( 115 - 5 USA overvalued $)
This means in theory all output can if needed be paid in gold .
So all nations currency are set against this value .
Up or down with there PPP !!!!!
Relationship to new govt "Fedcoin" ? All money digital under govt control ?
YO @ fattail, we are interested in Jim's thoughts, not yours!!!
I'm new to trading. How can I make more profitable investment in crypto without incurring much losses?
you're basically guaranteed to lose money. you won't heed this warning though.
Bot needs trading advice.
Don’t buy it.
Hey Jim Peter Shiff was right and you were wrong on the deflation debate , are you going to admit that or do you have too much of a massive ego ? A massive fan of both I have all of your books mate ? ? ?
Gold has not moved much after the inflation trend.
This is manipulation of the market.
total utter nonsense re jims take on fed insolvency.
the fed executive was right, the fed is basically engaging in liquidity swaps with the market, and it has infinite liquidity, so it can always pays reserves to infinity. so it doesnt need capital, and it can unwind its balance sheet, by canceling or expiring the securities at maturity, or setting up an spv if it wished.
the interest payments will have an impact on the governments financial balance, but the other side of the coin , is the securities that the private sector holds will have an income stream through the interest rate channell, adding to gni (gross national income).
the government debt , is nothing more than a zero default risk wealth management assett for the private sector.
Get a hair-cut, guy.
Hair cut? He's half bald already.
sorry but this dude is always wrong
That's why we have cryptocurrency if all banks failed at least we still can use cryptocurrency for transactions.