Jim Rickards- Gold Standard is Plan B and Revalue Gold at $5000+ (Dollar is Collapsing)

[pretorious700]

Rickards always flummoxes these idiots.

[NuclearSiege]

Gold on this day (Sept. 16, 2010) was $1217.00.......... Today- $1723.00

I love it when CNBC is wrong.

[1imtrying]

Just think... people play money to view CNBC... put them in JAIL!!!!!!

[quadcatfly]

which part of Gold-man Sachs dont u understand?

[BIGPAWLAK]

RICKARDS GETS IT. COLLECTIVE IQ OF CNBC DOPES IS ROUGLY ABOUT O.5. 

[LibertyDownUnder]

The figures he's talking about are pretty conservative. $1.5 trillion in M1 won't even cover a third of the US budget!.

In the long term, $5000 will seem cheap.

[wizdumb420]

This guy they take seriously...the scoff at Mr. Schiff...why?

[AsunFriere]

@kthorn612

>My gold has quadrupled in value since I bought it in '98

Which is actually the main problem with a gold standard (ie. it's deflationary). And why Rickards is pitching for this massive hike "when we go to Plan B."

>But gold will nosedive back down to the $300 level.

Won't nosedive any time soon. Goldbugs are multiplying, classic self-fulfilling prophecy territory. Gold will only drop when people see it as a metal without magical properties.

[juujuuuujj]

Haha. It's fun to watch the anchors on CNBC and how their magical world is crashing down around them. It turns out that prices and profits can't grow forever after all. Who could have known it?

[davenetdog]

He's dead-on right. This time they need to peg gold on the higher end of the new dollar ($11,000/ounce) to prevent a "relapse" into a depression after the fiat dollar is collapsed and the new gold backed currency is issued. Unfortunately, they will play around and waste time trying to build a new fiat currency that will be rejected.

[MohammadX101]

if most of the gov't (goldman sachs, jpmorgan...) numbers are cooked, shadowstats, why this guy prefers to believe the the amount of gold held by the US are right on the mark? spreading misinformation is one thing, math is another. if that much stockpile of gold was available, they constantly would've been flashed in front of the investors and the bondholders to lift their spirits! and give a boost to the dollar-holders, perusing the moody's from cutting the US credit rating. he's mum about it

[dojufitz]

Well

a nice suit can be a mass made piece of junk from China at $200 or a tailored $10,000 job.........it depends.......a top of the range hand made suit with hand made shoes is $10,000 today......

[RoniCMaster]

The US government has nothing to worry about, the US people...is fucked.

[mrzack888]

@APRtunedAudi NO, YOU WRONG.The assets are assets such as land, water, businesses and technology, and are worth something regardless the dollar value. The US is NOT the caboose you idiot. The US has some of the best highest mid to top tier manufacturing industry technology and capabilities in the world. Only Germany can compete with. China's manufacturing is only on the lower end. Your lack of real economics proves of a typical financier thinking. I understand real economics, you DONT.

[HermannTheGreat]

@mrzack888 Very astute observations. I agree

[cankorgbr]

@APRtunedAudi I think peter only says 5000 because its a number the fin. networks can handle, while I believe he actually feels it will go much much higher. peter bases his numbers on the dow/gold ratio, the gold/silver ratio, as well as these kinds of metrics. I have heard rickards quote 4-11 thousand, and peter 5-10 thousand. no one really knows because it is dependent upon how many dollars are printed in the interm. based on the current amount of dollars, and the dow gold ratio, 10 000.

[mrzack888]

@APRtunedAudi US has trillions of domestic and foreign assets both private and government. nothing to worry about. as the US multinationals expand and grow in the global world, they also shore up the account book balances on the asset side. The US debt is not a US debt. It's  a global debt becasue the world depends on the US. UNDERSTAND now fool. look who's retarded now.

[limitedplay]

so by that math we would have to turn all of our gold over to our financiers through all this and have none less. I think it would be 20k an ounce.

[1514mojo]

Is there a gold bubble? Is there a dollar bubble?

What percentage of Americans own gold, or silver.

Trade all the green toilet paper for "1964 & before" quarters, dimes, dollars, half dollars (90% silver), before its too late.

[n3iyr]

It's actually much simpler than you might think. Fact is, for many years we have been duped into believing that paper money is worth something and have accepted it as tangible. Now, paper and electronic money is worthless since it is simply created out of thin air by The Fed and the WMF without any backing of any real value. When I bought gold I understood that because I traded worthless paper notes for something of actual value.

[mrzack888]

THIS guest speaks with a straight face. Dollar collapse is not gonna happen. 

[mit26chell]

@mrzack888 Really? You think the Fed is smarter than 6,000 yrs of monetary history? The fed is in a panic right now, that's well known. None of their immoral techniques are working. Believe us who are saying - the dollar is on the verge of collapse. When the bond bubble bursts (and we're already seeing some signs), that is the indication that it's all over. A dollar collapse is serious. People will ignore the feds, hence all of the vamping up of the police state/FEMA/tyranny we've seen.

[solgoode1]

the CNBC guys probably just got headaches. lmao

[1kings1918]

The dollar still has support and metals are still bargains as long as these talking heads are in denial. Once they come around & knowledge of the currency failure is mainstream, the real bargains are what you can buy with your metals.

[cramsa]

A box of cerial will be 5 times more expensive then LOL!

[traynickel]

no response from the puppets on the collapse of the dollar

[cankorgbr]

lol, rickards confusing everyone. not me though, I happen to agree with his ridiculous logic.

[GuildF40]

great vid thanks for posting

[PeaknikMicki]

amazing how clueless the MSM puppets remain. Wonder what the response from the ignoramuses had been if Richards had suggested appracing gold to a level where it extinguishes all debt. They would have had heartattacks.

[frontier1701]

reaction from CNBS talking heads is not at all surprising..... Its always the same and their always wrong!!!

[AllenJeffreyGurfel]

@frontier1701 they're*

[frontier1701]

@AllenJeffreyGurfel **LOL...cant believe I did that!!! thanks.. (they're=they are) never guess english was my 1st language!!!

[DontTread0nMe1776]

The gold symbolism on the new $100 bills coming out Feb 2011 is starting to make more sense.

[westwaytv]

@DontTread0nMe1776 Bix Weir has some very interesting articles on that particular subject.

[wizdumb420]

@DontTread0nMe1776 lol...to make sheep think they have gold...haaa the matrix has em