65% of American Workers report they have great difficulty, existing without further debt from one paycheck to the next. Consumer Credit at $17 trillion is an indicator.
@UPdan prob not tether will collapse around the time we have a treasury default When tether goes most exchanges will go under and the great crypto crash will begin. Once we get to the other side of that the 50 to 100 cryptos that survived will b like the next Amazon and go sky high
All fiat currencies are not trusted, that is true for sure. The dollar is still the best fiat currency. But gold, silver, real estate are a lot more trusted. However real estate seems tremendously over valued. Bitcoin still not trusted by many. Gold from $35 in 1971 to $2,385 today. Gold didn't go up the dollar was devalued. Why trust the dollar as a store of value with such a history?
With over $100 trillion in unfunded liabilities, toilet paper is a better currency than the dollar. What point of its unplayable do you not understand when something is totally, unequivocally worthless?
They say the dollar is strong, the gold value increase is not because of the falling dollar as in the last 6 months the dollar has actually heald strong. I'm sure this will not stay true very long and when gold does shoot up you can bet the dollar will be coming down.
@@worldfabulouslasvegas2639 The number of places that accept them $100 Bills the CIA was handing out in 2002, appear diminished since the Treasury Folks appear to have trouble selling Notes.. But they sort of respect a Greenback somewhere. Check the Cayman Island Bank?
In my opinion this is wildly underestimated considering the amount of debt in the euro dollar isn't even known, let alone the 1 quadrillion in the derivatives market.
If gold is expected to rise that much, Daniela, because he's expecting the dollar to weaken that much then silver should also rise correspondingly along with gold. For those of us with positions in precious metals we could be looking forward to a significant windfall. But it won't happen overnight. Right now silver is acting a bit "jiggy". Volatile price movements. General trend is still up though.
Unless they refuse to accept payment in gold which would be the case if the gov makes it illegal to own. They'd like to foreclose on your property. Assume nothing.
you wouldn’t pay your mortgage with the gold… you sell the more valuable gold for less valuable dollars and pay your mortgage off with the inflated dollars
It isn't about "if",. it is about "when". Even "if", it does not matter without knowing "when". Whether it is this year, or two years from now makes a huge difference.
Even if silver reaches amazing new highs, in many countries, they simply love gold ONLY. I trust gold over all other types of so called currencies, especially anything to do with krypto or anything to do with a PC.
Yes, but silver is not just a monetary metal anymore. It is an industrial metal, especially in electronics and I don't know if you notice AI is the next big thing. All it needs is lots of computing power and electrical grid upgrades, something that silver is essential for.
A price of $27,500 would only back about 50% of the world's supply of money (i.e., debt). And that includes 100% of the known gold (i.e., gold in jewelry, electronics, tooth fillings, etc.).
@@shah1668above the 49th parallel the population is even more divided than below. They also have a culturally fractured society. They are not one people. The US is heading that way with the invisible border.
If (when) gold was valued in US Ponzi Fiat at $27,000/ounce, that fiat price would be meaningless. That scenario (which is coming, btw) will herald the complete collapse of the debt-based fiat, and a new PM-backed currency would have to be put in place. Old fiat $'s may to some extent be convertible, and maybe very minimally convertible. OTOH, physical gold/silver in hand would be very convertible to the new PM-backed currency. Bottom line - discussion of $27k/ounce is meaningless in a world where the more physical PMs you have is the more relevant metric.
I wont predict prices but, going to a gold standard would stifle trade. Maybe, dollar remains standard but other currencies reprice against us. Massive depression era conditions here and no palatable actual readjustment. A nation that no longer has fundamental shared values will find leadership difficult.
Ozzie- it will be worthless ? Rising prices means loss of purchasing power for a currency. So, they are worth less each day effectively. Think about it. Each month more currency units are created by banks as credit = inflation. More units in the system to buy the same goods
2:13 "You don't have to enough gold to cover to back one hundred percent of the money supply ... Historically, you need between twenty and forty percent." That's an important important fact in any discussion about returning to the gold standard. And that's a good reason why the gold standard remains viable, despite the criticisms from the supposedly sophisticated and intelligent defenders of the fiat currency system.
US assets in Russia are never coming back to their owners as long as Putin is in charge. Whether they were officially appropriated or not, they are Russian assets. Russia only needs to move them onto their ledger. Other countries won't panic. They know that as long as they don't commit naked aggression against their neighbors, their assets won't be seized. If they do, the assets will. IT has always been this way during war. This is nothing special.
So if a few years ago you thought it should be 15,000 an ounce and now you were 27,000 an ounce in just a matter of a few years what will it be in two more years 50,000?. The money supply is really doubling tripling and so forthnot to mention the interest loan is over 1 trillion a year
If you are doing a monetary reset and going on a gold standard, you have to include M2 value of 21 Trillion and the M1 value of 18 Trillion. Bring the value of gold $59,654 Oz. 😊😊
There will come a point in time when countries want payment for goods in gold. Period. They'll say you money says it's legal tender for all debts , public and private but we want gold. So go buy gold and pay us. Then what?
@@christopherdimas511 - for similar reasons to when FDR made it illegal for US citizens to hold gold in 1933 plus the effect on the money supply if people were able to convert trillions of dollars worth of gold into currency The average US household apparently holds 2 troy ounces and there are about 135 million households, i.e. about $750 $ billion at today's price and 10 times as much at $27k Although gold and bitcoin are two different things, governments could easily make it illegal for banks to convert bitcoin to fiat or for vendors to sell real estate, shares, cars etc for bitcoin Holders of both bitcoin and paper gold could be taking a lot on trust if things blow up, if you can't buy anything with it what is it worth?
Jim, you did not give a time frame in which gold will reach $27,000. Will it happen in one year? or 5 years? Someone should comment and support that with some reasoning.
If the US dollar crashes, 75% of other currencies will become irrelevant. China is hoarding gold. Russia is hoarding gold. Many other countries want not to be connected to the dollar. There is not enough gold in the world if the top 10 economies alone began to backup their fiat currencies.
Gold will be minimum $11k & maximum $15k an ounce by 2035 going by current scenario & last 20 years trend taking into account geopolitics, major economies then & now & would be, price of commodities would no longer be published in US dollars & rising US debt in comparison to it's GDP. Buy gold for cash instead of Investment property & also avoid capital gains tax.
@@EroticOnion23 tbh, no. Watched many of his interview in 20,21 and none of his predictions have come true. Deflation was the big one. His other prediction was 15k gold by 2025. I find rick rule to be the best and get things right
OK, Great, even when the sky falls in, the Dollar is still the last man standing. My question to you is, what do I do with those Dollars, keep them in a bank….? 😂😂😂 This is like running for the fire exit only to find it barred.
Rotfl The dollars is oil backed now. If you do not want dollars you buy stocks…. Especially commodities. Remember, Gold bullion is taxes at the highest capital gains rate. Add in selling and purchasing commission and more than one third of every cent you make goes to uncle sam. Look at long term dow and Nasdaq charts. They out perform gold by a huge amount. Dow 1980…. 900 Dow today 39,000 Gold 1980 800 Gold today 2400
![Noob To Max With DRAGON REWORK In Blox Fruits [FULL MOVIE]](http://i.ytimg.com/vi/LnBMOinoOvA/mqdefault.jpg)
GOD BLESS YOU JIM RICKARDS
I WISH YOU A LONG HEALTHY LIFE
AMEN …
cos we need you …Jim
we really do …
A number of the questions asked tell me a lot of folks simply do not understand the role of Gold.
65% of American Workers report they have great difficulty,
existing without further debt from one paycheck to the next.
Consumer Credit at $17 trillion is an indicator.
A single coconut will hold more value (unit of account) than the USD, and a single coconut will be worth at least a US$100 in California. Ha!
@@pistolpete8539exactly! Grow those nuts!
Why in the world wouldn't gold reach $27,000 when the dollar is worth nothing. It shouldn't take that long.
Well then ...27 trillion .!
Well the controllers have manipulated it
When gold reaches $27,000 bitcoin will be at $1,250,000. Choose wisely.
You didn't want it to. You won't be able to afford to leave the house.
@@yehimstone5492 If the stockmarket crashes, bitcoin will go with it. It's well and truly in the system now.
Daniela, this is why your show is so relevant. We can only hope someone in the Biden administration is watching. Thank you for all your work.
😅😅😅😅😅😅 you hope in brandon😂
Thank you, greatly Daniela for these interviews especially with Jim Rickards.
When Gold is $25,000
A Loaf of Bread will be $40.00
Hmmm. The same logic should apply to bitcoin.
Buy it with your Silver
In that case we should invest in bread 🍞
@UPdan prob not tether will collapse around the time we have a treasury default
When tether goes most exchanges will go under and the great crypto crash will begin.
Once we get to the other side of that the 50 to 100 cryptos that survived will b like the next Amazon and go sky high
Not necessarily, history proves that gold is the superior measure of accounting, bread is everywhere heck you can grow the wheat in your backyard...
The FED will never let Americans prosper with gold!
Y do you think crypto was introduced
Buy gold don't listen to anything anyone who says otherwise
They will confiscate Gold, just like pre-WW2.
Maybe but they're definitely not gonna let you prosper with Fiat
Federal Reserve will be gone and the US Treasury will be in charge.
Great info session.
🇨🇦
All fiat currencies are not trusted, that is true for sure. The dollar is still the best fiat currency. But gold, silver, real estate are a lot more trusted. However real estate seems tremendously over valued. Bitcoin still not trusted by many. Gold from $35 in 1971 to $2,385 today. Gold didn't go up the dollar was devalued. Why trust the dollar as a store of value with such a history?
With over $100 trillion in unfunded liabilities, toilet paper is a better currency than the dollar. What point of its unplayable do you not understand when something is totally, unequivocally worthless?
People around the world have not lose confidence of us dollar. So tell fed keep printing. This is America dream.
They say the dollar is strong, the gold value increase is not because of the falling dollar as in the last 6 months the dollar has actually heald strong.
I'm sure this will not stay true very long and when gold does shoot up you can bet the dollar will be coming down.
@@worldfabulouslasvegas2639 The number of places that accept them $100 Bills the CIA was handing out in 2002,
appear diminished since the Treasury Folks appear to have trouble selling Notes..
But they sort of respect a Greenback somewhere.
Check the Cayman Island Bank?
BTC will be $1M a coin in my lifetime. I know it. It's the best performing asset for the past 5, 10 and 15 years. This is never going to change.
Daniela is the best!
Whatever happens, play hard, be smart, READ. and BE BRAVE.
ITM TRADING, INC., This is awesome! I subscribed because I want to see more!
The majority of people on the planet do not understand golds role and true value.
@@aaap3875 Says the majority of people who can't afford to buy gold
Jim’s terrific as always … The Man of reason!
Thanks for sharing 🙏
In my opinion this is wildly underestimated considering the amount of debt in the euro dollar isn't even known, let alone the 1 quadrillion in the derivatives market.
I think it's $1.5 quadrillion.
so if only 40% of the M1 money supply was backed by gold, gold would have to be re valued to US$27,000/oz
It’s all theoretical- they will not give up the ability to inflate currency. We will be forced into a global digital currency.
If gold is expected to rise that much, Daniela, because he's expecting the dollar to weaken that much then silver should also rise correspondingly along with gold. For those of us with positions in precious metals we could be looking forward to a significant windfall. But it won't happen overnight. Right now silver is acting a bit "jiggy". Volatile price movements. General trend is still up though.
I’m a stacker but that will mean $100 loaf of bread
No person or persons or country wants to invest in a country that would steal your money
looking forward to gold going this high, will pay of my mortgage with the gold I have.
Unless they refuse to accept payment in gold which would be the case if the gov makes it illegal to own. They'd like to foreclose on your property. Assume nothing.
you wouldn’t pay your mortgage with the gold… you sell the more valuable gold for less valuable dollars and pay your mortgage off with the inflated dollars
Wrong
Beware: The market can stay irrational longer than you can stay solvent.
They hate you
It isn't about "if",. it is about "when". Even "if", it does not matter without knowing "when". Whether it is this year, or two years from now makes a huge difference.
If we ever have to go back to the gold standard, we would have a lot more to worry about than the price of gold.
Even if silver reaches amazing new highs, in many countries, they simply love gold ONLY. I trust gold over all other types of so called currencies, especially anything to do with krypto or anything to do with a PC.
Yes, but silver is not just a monetary metal anymore. It is an industrial metal, especially in electronics and I don't know if you notice AI is the next big thing. All it needs is lots of computing power and electrical grid upgrades, something that silver is essential for.
❤Love listening to Jjim
A price of $27,500 would only back about 50% of the world's supply of money (i.e., debt). And that includes 100% of the known gold (i.e., gold in jewelry, electronics, tooth fillings, etc.).
So go for 50,000!
He actually estimated 40% and that’s all it really needs to back. It doesn’t need to back 100% to instill confidence.
$27.000 PER OZ is a very conservative price.
These things are possible but that’s about it. It’s short of impossible for this to happen.
So what happens to a country like Canada 🇨🇦 who has zero gold in reserves
civil war?
@@shah1668above the 49th parallel the population is even more divided than below. They also have a culturally fractured society. They are not one people. The US is heading that way with the invisible border.
If (when) gold was valued in US Ponzi Fiat at $27,000/ounce, that fiat price would be meaningless. That scenario (which is coming, btw) will herald the complete collapse of the debt-based fiat, and a new PM-backed currency would have to be put in place. Old fiat $'s may to some extent be convertible, and maybe very minimally convertible. OTOH, physical gold/silver in hand would be very convertible to the new PM-backed currency. Bottom line - discussion of $27k/ounce is meaningless in a world where the more physical PMs you have is the more relevant metric.
September 24th: GOLD on the move up........BABY!!!!
In what time frame?
Somewhere between a century and a millennium. Predict early and often. Some will believe.
India just pulled 100 Tons out from the UK.
That's a lot of bangles.
But this is NOT new Gold India just don't trust UK any more
There is no reason whatsoever to not use 100% backing. The only thing that would change is the price of gold.
Everybody wants to rule the world. Free money is nice
Spoke for 11 minutes with no mention of BRICS..??…
🎯
For sure? Why I ask
Looking lovely as usual Daniela
Good video thanks
Great video
Gold price will drastically increase for Americans
Because of dollar devaluation
Rest of the non western world, not so drastic !
Benedict Arnold was our worst traitor. Biden: Hold my beer, Ben!
This video is over 5 months old, based on the G7 meeting date and Jim Rickards saying such a meeting was over 3 weeks away!
Jim i am sending big regards and big thank you.I wish your prediction will come true.🤠Texas Rudy B.B.Slovakia.🙏🏼
How do we know we have that amount of gold?
Indeed. We most likely have way, way more than that. 650 plane loads were confiscated from the Vatican.
We don't Fort Knox is empty 😂😂😂
For how many years has this guy been saying this? Far to many. He thinks if he says it often enough, it will come true
I wont predict prices but, going to a gold standard would stifle trade. Maybe, dollar remains standard but other currencies reprice against us. Massive depression era conditions here and no palatable actual readjustment. A nation that no longer has fundamental shared values will find leadership difficult.
Why does he only use M1 in his calculations and not M2?
Why does the US get to set the price of Gold? As far as I’m aware, China and Russia seem to have a higher influence in the PM market.
Jim is just saying about US Gold Reserve but I think Fort Knox is empty 😂
so if gold is 10 x will gas ect go 10 x ?
This is just another way of saying that the USD will be worthless.
Ozzie- it will be worthless ? Rising prices means loss of purchasing power for a currency. So, they are worth less each day effectively.
Think about it. Each month more currency units are created by banks as credit = inflation. More units in the system to buy the same goods
Yeah your right Jim and silver will be $700 an oz
Silver 10k/ounce gold 40k/ounce. Fiat currencies all over the world not just US
2:13 "You don't have to enough gold to cover to back one hundred percent of the money supply ... Historically, you need between twenty and forty percent."
That's an important important fact in any discussion about returning to the gold standard. And that's a good reason why the gold standard remains viable, despite the criticisms from the supposedly sophisticated and intelligent defenders of the fiat currency system.
Bull
Gold would be $270,000 if u can put it in an iphone and send it around the world. We need a digital gold with scarcity and speed.
World Money = Gold 💰,
Gold = Tier 1 asset,
World Currencies = CBDC'S,
CBDC'S backed by physical gold
= Digital Gold.
How does he know Russia has not already appropriated US assets in Russia? I wouldn’t be surprised if they did.
US assets in Russia are never coming back to their owners as long as Putin is in charge. Whether they were officially appropriated or not, they are Russian assets. Russia only needs to move them onto their ledger. Other countries won't panic. They know that as long as they don't commit naked aggression against their neighbors, their assets won't be seized. If they do, the assets will. IT has always been this way during war. This is nothing special.
That is on the island of Capri off the coast of Sorrento. What a great honeymoon spot!
So if a few years ago you thought it should be 15,000 an ounce and now you were 27,000 an ounce in just a matter of a few years what will it be in two more years 50,000?. The money supply is really doubling tripling and so forthnot to mention the interest loan is over 1 trillion a year
Well look at the price development. For a fews years back gold was lower. And now its ath again and again.
How do you know it might be clearing out of deat for all countys.Before gold back dollars roll out
If you are doing a monetary reset and going on a gold standard, you have to include M2 value of 21 Trillion and the M1 value of 18 Trillion. Bring the value of gold $59,654 Oz. 😊😊
Gold @ $27k silver @ +$1300 going by pre-33 $20 oz gold & $1 silver oz.
There will come a point in time when countries want payment for goods in gold. Period. They'll say you money says it's legal tender for all debts , public and private but we want gold. So go buy gold and pay us. Then what?
The world will turn to barter. Cell phones for beef/hogs, etc
He'll lose the rest of his hair before gold ever goes to $5,000.
😂😂😂u funny as fuck😂
The world doesn't need US permission to do business.
$8000 gold $200 silver is the next peak
Zimbabwe Dollars 😂
It's ironic to think that Putin has had the upper hand from the beginning. The man is playing cat-and-mouse with us.
How's the stock market going to crash if gold is going up to 27,000?
The stock market crashing would cause gold to go to $27K.
If everything crashes, the FED will have to hyperinflate to pump it up.
Again hows the market going to crash if they hyperinflate?
@@Earth_Rocker Deflation doesn't cause gold to go up.
Look at the Argentina stock market. Booming as the currency is worth less and less
2yrs ago he mentioned15k, now 27?,
Hes sounding like the max keiser of the gold price
Just keep stacking…
He does explain this. Watch the vidieo again please.
If gold hits $27k or whatever, governments will not allow it to be in private hands
That's exactly what they want.
If gold hit $27k, that will mean country in great economical a$$. I suppose in that condition goverment will be demolished.
Y not? They allow bitcoin in public hands?
@@christopherdimas511 - for similar reasons to when FDR made it illegal for US citizens to hold gold in 1933 plus the effect on the money supply if people were able to convert trillions of dollars worth of gold into currency
The average US household apparently holds 2 troy ounces and there are about 135 million households, i.e. about $750 $ billion at today's price and 10 times as much at $27k
Although gold and bitcoin are two different things, governments could easily make it illegal for banks to convert bitcoin to fiat or for vendors to sell real estate, shares, cars etc for bitcoin
Holders of both bitcoin and paper gold could be taking a lot on trust if things blow up, if you can't buy anything with it what is it worth?
Buy physical Silver and gold
Sure. Pity the fool!
How could the people in charge be so uninformed?
Why not 27,000,000,000?
😂
It could be just like Weimar Republic Hyperinflation in the 1920 😂😂
VOTE Jim Rickard for president😂
Jim, you did not give a time frame in which gold will reach $27,000. Will it happen in one year? or 5 years? Someone should comment and support that with some reasoning.
今年年底來到1萬美元1盎斯！！！
5k max is where gold will reach in 2026 - 2027
Good opinion. 👍🏽👍🏽👊🏽🇮🇳🇬🇧
YUP.
I think those who own gold are trying to pump it up to prevent their losses..😮
So you’re going to create a gold buying frenzy
If the US dollar crashes, 75% of other currencies will become irrelevant. China is hoarding gold. Russia is hoarding gold. Many other countries want not to be connected to the dollar. There is not enough gold in the world if the top 10 economies alone began to backup their fiat currencies.
All good and makes sense but the US doesn’t have that 8k ton gold and what’s there is not high puro, nothing like 99.99
For ever (1890s) 1/ oz of silver was worth $1.00 . Now with silver at $30.00+ the dollar is worth $0.03 . $1.00 divided by $30.00 = $0.03
@@dmo7815right, and coins had actual silver
That would mean that US fiat currency will be around for a lot longer and it will slowly deflate until then. What about digital dollar?
Our dollar is DEAD! As of June 9, SA will NOT recognize the dollar.
Saudi Arabia?
South Australia?
The saudis.
@@gerardno2479 San Antonio?
I wonder how much 1000 rounds of ammo will be worth
27k plus for gold 🥇! 💩 just got real.😮
And that $27K price is to just cover 40% of the M-1 money supply.
I buy gold for insurance. Richards target of $27,000 is nothing I take very seriously.
The only thing that bothers me is that Rickards hasn't been right about anything in the last 20 years, will this be the first?
Wrong again
It is the bricks who is going to decide about gold price not USA or fake Europe comunity
Consider the US Dollar is losing its value
it'll take a wheelbarrow full of 1000 bills to buy an ounce
Wowwww that s a wild guesss
Im sorry but Danielle should never be fuzzy. Is it my computer?
Gold will be minimum $11k & maximum $15k an ounce by 2035 going by current scenario & last 20 years trend taking into account geopolitics, major economies then & now & would be, price of commodities would no longer be published in US dollars & rising US debt in comparison to it's GDP. Buy gold for cash instead of Investment property & also avoid capital gains tax.
I’m 56 and I don’t think I’m going to see it in my life time
he used to say 15k by 2025, is that still in play?
15 k may be a stretch by 2025.
It will be heading there tho.
Plant a garden
Futures so bright😎
@@robmcilroy2911 you playing the miners or just the physical
Did you watch the video? 😂
@@EroticOnion23 tbh, no. Watched many of his interview in 20,21 and none of his predictions have come true. Deflation was the big one. His other prediction was 15k gold by 2025. I find rick rule to be the best and get things right
@@JonathanTorrealba-i8c Well in this video he said that due to the C19 stimulus, his price prediction is now $27k
OK, Great, even when the sky falls in, the Dollar is still the last man standing.
My question to you is, what do I do with those Dollars, keep them in a bank….? 😂😂😂
This is like running for the fire exit only to find it barred.
America is going down fast
Let's face it, plenty of wallies in White House 😂. Great podcast ❤
Rotfl
The dollars is oil backed now.
If you do not want dollars you buy stocks…. Especially commodities.
Remember,
Gold bullion is taxes at the highest capital
gains rate.
Add in selling and purchasing commission and more than one third of every cent you make goes to uncle sam.
Look at long term dow and Nasdaq charts.
They out perform gold by a huge amount.
Dow 1980…. 900
Dow today 39,000
Gold 1980 800
Gold today 2400
Hey Jim, Bitcoin will hit $1,000,000 before gold hits $27,000
Ever wonder when you see a picture of bitcoin why it looks like a gold coin???
Platinum used to be worth way more than gold, much more rare than gold.
Yes, but Bitcoin will go to zero before any other commodity
The USA will not let gold and silver go up to high, that’s why they continue to suppress it. Our adversaries mine more gold and silver than we do
Without knowing how much currency they are going to print and buy the debt. Price would be a guesstimate only...
If gold goes to $27,000 then silver would go to?????
It's long been stated that silver would go to $600, then $1000, then $2500.
If gold is that great for wealth all the millionnaire s an billionaires would buy it all up.
And who would exchange their gold for our worthless dollars?
Only the Stupid people 😂😂😂