The Gold Chronicles: May 18 , 2015 Interview with Jim Rickards

Jim Rickards, Gold Chronicles May 18th, 2015

*War on Cash
*Cashless society sets world up for negative interest rates
*Herding people into banks and digital wealth
*Daily limits on cash withdrawals
*Impose negative interest rates on deposits
*Potential freeze on bank accounts in the event of emergency
*Trans-pacific Partnership (TPP) and currency manipulation
*Currency Wars – not all currencies can be weak at the same time, they take turns
*If you are at a poker table with four or five people and you don’t know who the sucker is, you are the sucker, this applies to currency devaluation as well
*Spike in German gold purchasing
*Gold in Euro has skyrocketed, it is perfectly sensible
*Europe already has negative interest rates
*Add in geo-political risk, gold makes a lot of sense
*It is almost impossible for the Fed to raise rates without a bloodbath in markets
*As people discover the Fed can’t raise rates, it should be good for gold
*Peak gold
*Jim’s view on best economics schools to attend
*Proper gold allocation in a portfolio
*Can Central Banks perpetually hold up stock markets by continual money printing
*ZIRP is taking money out of the pocket of savers and giving it to big banks
*The Fed is in effect forcing people into the stock market if you want returns
*There will come a time when the magnitude of the crisis will be bigger than Central Banks can create liquidity for

 

 

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