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Jim Rickards on China's gold strategy

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Uploaded by on Mar 17, 2010

Jim Rickards says China wants to get its 3,000 tons of gold off the market, so as to not drive the price up. I think that the price of gold can be run up without Americans participating, the world demand is so huge.

Interview:
http://kingworldnews.com/kingworldnews/Broadcast/Entries/2010/3/13_Jim_Rickar...

Article on Greek pinata:
http://www.kingworldnews.com/kingworldnews/G+_Articles/Entries/2010/3/13_How_...

ZeroHedge article:
http://www.zerohedge.com/article/ltcm-general-counsel-us-stared-near-catastro...

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News & Politics

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Uploader Comments (silverfuturist)

  • Screw all you people... the future lies in CACAO, which I am now hoarding like a M-Fk'r!

    When everything goes to hell in a bucket, you know who to call!

    The line starts over there. ==========================>>

  • @vulfkhan The featured cacao on The View, somebody is promoting it!

  • I've been to Old Towne Coins on the Berlin Turnpike, he was charging $5 over spot for eagles under quantity of 10 and $4 over for 10+. is that normal for eagles? Do you recommend any other CT coin/PM shops? Thanks!!

  • @ilovesdgc

    That is expensive. Apmex sells for $2.99 over spot for 1, as low as 1.99 over spot for 500+ as of today.

  • You kind of remind me of Geddy Lee. I was a big RUSH fan back in the 80's too. If I was China I would buy gold instead of US debt. China will own the US if we don't change our ways soon. My favorite RUSH song is Spirit Of The Radio. Luv your vids.

  • @mja2035 Thanks!

    This is the Spirit of Youtube.

Top Comments

  • When we see cash for silver commercials, out time has arrived :)

  • @WhyMeWhySilver

    Scrap Jewelry is the best way to buy.

    How else can Gold for Cash advertise during the SuperBowl!

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All Comments (56)

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  • My opinion about China encouraging its population to buy bulion is, that when the price explodes, the Chinese population will have bought alot of bulion, and then, the Chinese Goverment could easily confisquete everything.

  • @ilovesdgc There is a nice coin shop in portland, ct. Only problem is they aren't stacked with eagles. Alot of 90% silver, and higher premium older coins. Just picked up a couple eagles the other day, $22 a piece. A few gold coins, but higher premium ones, like graded, or pre-1930 gold with a higher premium.

  • crack kills, slows it down bro, you are not jim kramer.

  • China is a black market for everything.

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