Jim Rickards: Gold is Money ($7,000 Gold Price)

http://www.NewWaveSlave.com - Jim Rickards must be a very nice man because every time he is interviewed on this channel, the brilliant hosts (said sarcastically) continually mock him by making light of his thoughts on gold as money. Jim Rickards presents yet another clear and concise message as to why gold is money and the gold price should be around $7,000/oz in a few years due to the fiat money printing from the US & EU.

Rickards also discusses the importance of the SDRs issued by the IMF and the increasing importance in the rise of Germany's powers. Germany is in the process of creating the Fourth Reich in financial terms and Rickards is ahead of the game (as usual) by understanding the nature of governments and the barbarous relic know as gold.

Great interview, just ignore the condescending attitude of those asking questions.

Category:

News & Politics

Tags:

• jim rickards
• jamesgrickards
• gold
• gold is money
• imf
• sdr
• fourth reich
• gold standard
• eu gold

[nomoreserfs]

Comparing gold to beans? Are you really that dumb CNBC? Read up on your monetary history you morons. Geeeez! "Paper is poverty,... it is only the ghost of money, and not money itself." Thomas Jefferson.

[zinkerled]

You can't grow gold in your backyard you fucking cnbc retard.

[ytgv3fc7]

@jjason23296 dollars will soon be a poor metric, and an abandoned metric. There is enough gold always simply by gold's price being changed. If at today's price you'd be short-fall of 50% then double the gold price and this is a stable economy. In reality it's 7000/oz gold equivalent purchasing power which is stable. Non-producing economies WILL die under ALL futures: gold OR hyperinflation. This MUST happen. America IS dust. This is not a choice. It's a done deal in all futures

[jjason23296]

@ytgv3fc7 The problem with this assertion is that currently gold value is measured in dollars. If we switched to a gold standards there wouldn't be enough gold in existence to back the wealth of every american.Not only that in a globalist economy gold would be shipped overseas with every purchase an american makes thus reducing the money supply to unsustainable rates.

[ytgv3fc7]

@jjason23296 oh right, I see what you mean. Well if one was to save in gold, as it is savings more than investment, you'd be saving for later. Once there was a trade off of gold (money) for investing (good companies) something would be produced (a lot). Mind you there's always bad investments waiting to vacuum up some cash.

[jjason23296]

@ytgv3fc7 Yes I agree but however you misunderstood my comment I wasn't implying that moneys value is derived from what it.I was responding to a Ron Paul fan boy who makes the suggestion that we'd be better off if everyone bought gold instead of investing in stock. My point is that if everyone did this nothing would be produced.

[ytgv3fc7]

@jjason23296 money isn't ever based on "what something produces" it's based on something already produced.

Gold isn't producing, it's already produced. That's why it's good money.

a gold MINE is producing (at best) or defunct & losing money (worst). Positive production is investment return, not money. It's priced in money but it is not money itself.

[jjason23296]

@TWSceptic No shit shirlock! You can't buy a happy meal with Solandra stock any more than you can with you test tub of gold flakes lol that should tell you something.the thing is even a stock or share that reduces in value still produces a tangible good or service someone somewhere will use to live. Gold doesn't produce anything and it's value is based on the same speculative drive that creates every other bubble that goes bust every 10 years.

[TWSceptic]

@jjason23296 Oh now we're going to cherry pick to prove a point, in that case let's look at stocks and how many people have lost ALL of their money, or even the people who saw their money turn into worthless toilet paper during hyperinflation, yeah that's much better isn't it? If anything, paper money is overrated. It's not worth the paper it's not printed on. You have been brainwashed by the government buddy, inflation is stealing your wealth Bernanke & Obama fuck you in the ass, poor guy LOL