The Gold Chronicles: September 8th, 2016 Interview with Jim Rickards and Alex Stanczyk

Jim Rickards and Alex Stanczyk, The Gold Chronicles September 8th, 2016

Topics include:

*Jackson Hole Meeting Analysis
*Difference between 3.5% growth and 2% growth compounded over 20 years is the difference between a wealthy nation and a poor one
*Now looking like a rate cut by the Fed is more likely than a rate hike
*Removing cash from monetary system is now being discussed at the highest levels as a path forward to allow the US to implement negative interest rates
*Update to “War on Cash” scenario
*G20 Meeting Analysis
*China’s snub against President Obama was the 2016 version of the Kowtow
*This is a very significant G20 summit, the Hangzhou Consensus are the new rules of the road for the international monetary system
*IMF Quota being reviewed in 2017 and expect emerging market voting shares to be adjusted
*BRIC’s expected to have 15% voting power by end of 2017, which shifts the balance of influence within the IMF away from the US
*Long term effect could include rebalancing the SDR currency ratios, removing use of USD for purchase of oil, and other measures which would reduce reliance on USD as world reserve currency
*Introduction to coming war on gold
*Once the “war on cash” is over, it is expected attention will shift to gold, and government will shift attention to gold
*Buying gold may become increasingly more difficult from a regulatory standpoint in years to come
*Several non-US Central Banks are buying billions of USD worth of US stocks
*Expected longer term economic effect of SDR being re-weighted with Chinese Yuan

Learn more about Jim Rickards new book, The New Case for Gold at http://thenewcaseforgold.com/

You can follow Alex Stanczyk on Twitter @alexstanczyk

You can follow Jim Rickards on Twitter @JamesGRickards

You can listen to the Gold Chronicles on iTunes at:
https://itunes.apple.com/us/podcast/the-gold-chronicles/id980027782?mt=2

You can Listen to the Global Perspectives on iTunes at:
https://itunes.apple.com/ca/podcast/physical-gold-fund-podcasts/id1056831476?mt=2

You can access transcripts of our interviews at:
http://www.physicalgoldfund.com/category/transcripts/

You can subscribe to our Youtube channel to access these interviews and more at:
https://www.youtube.com/channel/UCXRWzw0vaNgCwo7nTMEAwkA

 

By listening to this podcast or reading its associated transcript (collectively, this “Podcast”), you agree with the following.

This Podcast is not an offer to sell, nor a solicitation of an offer to purchase, any security. This Podcast is intended for general education and information purposes only, and may include broad discussions of markets, geopolitics, monetary policy, and geoeconomics. Nothing in this Podcast constitutes investment, legal or tax advice, nor an evaluation of or prospectus for any particular investment or market, including gold. This Podcast should not be relied upon to make any investment decision. You are encouraged to seek the advice of qualified financial, legal and tax advisors before making any investment decisions.

This material is provided on an “as is” and “as available” basis, without any representations, warranties or conditions of any kind. In particular, information provided by third parties in this Podcast has not independently evaluated or confirmed. Furthermore, we take no responsibility to update this Podcast to reflect any changes in any of the information presented. Physical Hard Assets Fund SPC and Physical Gold Fund, its officers, directors, employees or associated persons will not under any circumstances be liable to you or any other person for any loss or damage (whether direct, indirect, special, incidental, economic, or consequential, exemplary or punitive) arising from, connected with, or relating to the use of, or inability to use, this Podcast or the information herein, or any action or decision made by you or any other person in reliance on this information, or any unauthorized use or reproduction of this Podcast or the information herein.

Posted in The Gold Chronicles.