Jim Rickards, The Gold Chronicles March 2016:
*Cyber financial warfare is a new factor that did not exist in 1980
*Fed balance sheet has a foundation of marked to market gold
*The Fed has a gold certificate issued to it by Treasury that is valued at the entire US Treasury gold position calculated at $42.20 per ounce
*Audio version of the new book read by Jim will be available on Amazon
*Expecting gold price to rise in all currencies
*Major central banks are acquiring gold, which will be the chips at the poker table when the monetary system is re-negotiated. Japan, UK, Australia will rely on the US position
*The non-deflationary price of gold under a new gold standard would be $10,000 per ounce or higher
*Expecting near zero interest rates for an extended period of time
*Windfall tax on gold would require an act of Congress – no expectation this is likely, if it happened there would be plenty of advance warning and time to reposition a portfolio
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