Jim Rickards latest interview with Kind World News is now available. You can listen to it here:
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/11/29_Jim_Rickards.html
TRACKING THE AUTHOR OF "CURRENCY WARS" AND GOLD VIGILANTE JIM RICKARDS - AN UNOFFICIAL TRACKING OF HIS INVESTMENT COMMENTARY
Wednesday, November 30, 2011
Saturday, November 26, 2011
New Reserve Currency & Roubini Behind the Scenes
"The question is: Is that any more stable than the dollar? In the long run it’s really no more stable, but in the short run it may work to paper over. I mean we papered over the depression in 2010 with dollars. We may paper over the depression in 2011, 2012 with euros. Eventually they are going to try to paper it over with SDR’s, but at the end of the day it’s all just paper.”
- Read the full interview at King World News, here:
Tuesday, November 22, 2011
Who Will Bail Out the Fed & How High for Gold?
The United States now has a system in which the Treasury runs huge deficits and sells bonds to keep from going broke. The Fed prints money to buy those bonds and loses money owning them. Then the Treasury takes IOUs back from the Fed to keep the Fed from going broke. This arrangement resembles two drunks leaning on each other so neither one falls down. Today, with its 50-to-1 leverage and investment in volatile securities, the Fed looks more like a poorly run hedge fund than a central bank...
- Read the full interview at King World News, here:
Saturday, November 19, 2011
Jim Rickards - Gold Pullback Meaningless, It’s Headed Higher
“Here’s the point, whether you end up with $5,000, $7,000, Paul is saying $10,000 and that’s a perfectly respectable estimate, I could (even) see it (gold) at higher levels, $15,000 or $20,000. In other words, the price level that I have given, that is in chapter eleven of the book, is based on today’s data.
Now if you change the data, if you print even more money than we’ve printed so far, you’ll get even higher prices. But the point is Paul’s estimate is right in the middle of the range that I’ve come up with, a perfectly good estimate. We all like our investments to go up, but if you buy gold at $1,700 and it goes to $1,500, buy more because it’s on its way to $2,000, $3,000, $4,000 and higher.
The fundamental story (for gold) is completely intact, in fact it’s getting stronger...."
Now if you change the data, if you print even more money than we’ve printed so far, you’ll get even higher prices. But the point is Paul’s estimate is right in the middle of the range that I’ve come up with, a perfectly good estimate. We all like our investments to go up, but if you buy gold at $1,700 and it goes to $1,500, buy more because it’s on its way to $2,000, $3,000, $4,000 and higher.
The fundamental story (for gold) is completely intact, in fact it’s getting stronger...."
- Jim Rickards, via a recent King World News Interview, read the full interview here:
Tuesday, November 15, 2011
Jim Rickards - The US Won’t Give Germany its Gold
“Now Italy has come out recently and they have actually been a little more transparent and they say most of their gold is in Italy, in Rome.
But I do know looking at it from a US perspective, as I’ve described in the book Currency Wars, if the US gets into extreme distress, and there’s a collapse in the dollar, I have no doubt that in an emergency basis the US will basically confiscate all the gold in their possession. Then they will convert it to back up a new gold based US dollar as plan B or some way to stop the crisis.
So it’s a political question for Germany as to whether they want their gold back, but sometimes you don’t ask questions if you don’t think you are going to like the answer. It would be interesting if Germany demanded that gold be shipped to Frankfurt or Berlin what the US would say.”
But I do know looking at it from a US perspective, as I’ve described in the book Currency Wars, if the US gets into extreme distress, and there’s a collapse in the dollar, I have no doubt that in an emergency basis the US will basically confiscate all the gold in their possession. Then they will convert it to back up a new gold based US dollar as plan B or some way to stop the crisis.
So it’s a political question for Germany as to whether they want their gold back, but sometimes you don’t ask questions if you don’t think you are going to like the answer. It would be interesting if Germany demanded that gold be shipped to Frankfurt or Berlin what the US would say.”
- Jim Rickards via a recent King World News Interview, read the full Interview here:
Wednesday, November 9, 2011
Currency Wars: The Making of the Next Global Crisis - Launches tomorrow!
Jim Rickards new book "Currency Wars: The Making of the Next Global Crisis" launches tomorrow, if you haven't already pre-ordered your copy, make sure you get it asap, should be a fantastic book. I have mine ordered.
Tuesday, November 8, 2011
Jim Rickards on Currency Wars
"Jim Rickards discusses his new book "Currency Wars" and gives valuable insight into the current economic conditions. If you have seen my channel, you know that I am a big Jim Rickards fan because he gives analysis that has proven to be not only correct, but is a glimpse into what will be happening in the future. Jim gives a great explanation to the paradox of the rising Euro when it appears the EU is falling apart."
Charms and Beads
Thursday, November 3, 2011
Weak USD? No QE3!
Said it before, I'll say it again. Key to QE3 is not U.S. economic data, it's the USD/EUR and USD/CNY cross rates. Weak USD = No #QE3.