The Gold Chronicles: October 13th, 2016 Interview with Jim Rickards and Alex Stanczyk

Topics include:

*Analysis of recent correction in gold
*Market has priced in an anticipated Fed rate hike in December
*Fed will be forced to reverse course going into 2017 and ease
*This is a short term correction and is not signalling a new bear market
*Gold performance for the year
*Physical gold flows and the gold “float”
*Factors affecting short term USD/Gold price
*Factors affecting long term USD/Gold price
*Psychology of markets affecting availability of gold to the float
*Three demand spheres for physical gold flows, the West, India, and China/East Asia
*If Trump wins the election equities markets could have a substantial immediate drop, followed by a recovery
*SDR issuance is going to be highly inflationary
*Gold serves different roles in a Central bank portfolio versus an individual or institutional investor portfolio
*Gold’s role moving forward is one of insurance versus tail risks, systemic failures, and future liquidity crisis
*Gold held by central banks is the last line of defense for liquidity and confidence in central bank issued currency
*FX trading effect on gold pricing and alleged manipulation
*Gold Pool of the 1960’s, IMF coordination with the US selling gold into the market during the 1970’s
*International monetary system is missing an anchor and is considered “incoherent” by current and former officials
*Currency values continue to fluctuated wildy, this is a very unstable system
*Measuring the buying power of gold