Jim Rickards Discusses $4,000 Gold on CNBC

[o5iiawah]

I am buying Brass.

[mason72518]

The Chinese do not depend on "us" to buy what they produce. They are the one's with the productive capacity and capital formation in place. The wealth of a nation is not the value of what it owns, but the value of what it can produce. With the productive capacity in place China is set to consume its own production.

[k31rifleman]

Nobody is taking this shit seriously yet......human behavior will wait till it's too late......

[megamogx]

Screw gold, get silver!

[NYWAORCANZ]

he was some what close on Gold in 2010

it is now 1620. on Gold and the year is not over yet

[Seano71]

look at the price of everything, it was so cheap compared to the prices right now. hehe

[jalexander126]

Rickards is brilliant!

[Kozhak1]

This broad look that Rickards sweeps the room with at the end of this interview - PRICELESS. This guy knows.

BTW I got 6 ounces of gold and 2 kilograms of silver. The rest on it's way.

[ihatemexico]

END THE FED.

[TadRapidly]

SF-I see the important message here: letting gold "go" would automatically devalue the dollar; something they want to do anyway! Could get interesting!

[theemperorofkings]

see the us dept at: usdebtclock d o t org

[theemperorofkings]

China is noly dependent on buying from the us as long as China can't sell all thier product on their internal markets. When the chine consumers will fill that void, well then China is no longer in need of buying Us treasure bonds long and will no long have no need for USA. The US dollar is already toasted and and the trust for the currency is falling fast as the US dept is skyrocketing at a "all-time-high" staggering 12 trillion dollar and climbing fast.

[theemperorofkings]

and on the same time the US government is flooding the market with cheap monopoly credits with QE (printing money) which is making the value of the dollar deprecating in value. The only wise thing to do is to buy Gold and secure your assets as what we are experiencing is a historic change where China is the new order - just like Jim Rogers has foreseen.

[Phantomx1e]

Boycotte them all. They lose their power without consumers.

[Phantomx1e]

maybe

[JiveDadson]

"They depend on us to buy their stuff." Uhhhh huh. We buy it with money we borrow from China. They send us trinkets and we send them paper. Vendor-financing has its limits.

"Each country is shorting its own currency." It's called "the race to debase." No government that debased its currency has ever prospered.

[Danster82]

@JiveDadson money is never borrowed from a country money lending comes from one source fractional reserve banking and the INTERNATIONAL cartel which controls it, but knock yourself out and believe the lie that this has anything to do with national borders.

[HermandLo]

@JiveDadson whos they? what makes you think the world will still keep status quo and sell us 'stuff' and keep accumulating garbage treasuries?

the chinese has stopped buying tbills 8 months ago and now they are enemy number #1..really? the world and us citizen have been taken to the cleaners..this needs to end!

[JiveDadson]

@HermandLo What makes you think I think that?

[voxboobus]

G. Gordon Liddy! LOL