Buy physical gold; central banks are on its side, Jim Rickards says

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Silver King
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Buy physical gold; central banks are on its side, Jim Rickards says

Postby Silver King » 16 August 2016

http://www.cnbc.com/2016/08/15/

I like Jim Rickards. Rickards has been getting interviewed on a lot of shows over the past month, something could be in the works for gold. Paper gold may deflate to zero but physical is already impossible to obtain in any quantity. Why do you think China doesn't just use 2% of it's reserves and buy all the gold left in the GLD ETF? The large hoards of gold are already spoken for. There is just enough to keep the smaller markets open to keep up appearances. Argentina went bust and yet the game of the banks and IMF have not changed one bit

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Gold Bird
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Re: Buy physical gold; central banks are on its side, Jim Rickards says

Postby Gold Bird » 17 August 2016

Silver King wrote:http://www.cnbc.com/2016/08/15/

I like Jim Rickards. Rickards has been getting interviewed on a lot of shows over the past month, something could be in the works for gold. Paper gold may deflate to zero but physical is already impossible to obtain in any quantity. Why do you think China doesn't just use 2% of it's reserves and buy all the gold left in the GLD ETF? The large hoards of gold are already spoken for. There is just enough to keep the smaller markets open to keep up appearances. Argentina went bust and yet the game of the banks and IMF have not changed one bit


China is not lying any more than the U.S. is lying about their reserves - both are not saying anything beyond older audits. And the U.S. shadow banking system....? U.S. finance is in itself a Ponzi scheme. Does the IMF have gold? "Attack" on treasury market - or simply smart economics? Overall, economic information is valid, but the "attack" syndrome, the "threats" from enemies the U.S. is aggravating, that it is the other's guy fault, is a bit oversold. So does the U.S. really have that 8,000 tons of gold from its very old audit numbers?

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Allenby
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Re: Buy physical gold; central banks are on its side, Jim Rickards says

Postby Allenby » 18 August 2016

Gold Bird wrote:
Silver King wrote:http://www.cnbc.com/2016/08/15/

I like Jim Rickards. Rickards has been getting interviewed on a lot of shows over the past month, something could be in the works for gold. Paper gold may deflate to zero but physical is already impossible to obtain in any quantity. Why do you think China doesn't just use 2% of it's reserves and buy all the gold left in the GLD ETF? The large hoards of gold are already spoken for. There is just enough to keep the smaller markets open to keep up appearances. Argentina went bust and yet the game of the banks and IMF have not changed one bit


China is not lying any more than the U.S. is lying about their reserves - both are not saying anything beyond older audits. And the U.S. shadow banking system....? U.S. finance is in itself a Ponzi scheme. Does the IMF have gold? "Attack" on treasury market - or simply smart economics? Overall, economic information is valid, but the "attack" syndrome, the "threats" from enemies the U.S. is aggravating, that it is the other's guy fault, is a bit oversold. So does the U.S. really have that 8,000 tons of gold from its very old audit numbers?


Imagine when the US goes to negative interest rates. I think a lot of people will also buy gold with their currency/savings instead of keeping it in the banks where they will steal it slowly.

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Lunar Dragon
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Re: Buy physical gold; central banks are on its side, Jim Rickards says

Postby Lunar Dragon » 18 November 2016

Is this why gold has been ran down now, too squeeze out all the shorts before the crisis hits and gold recovers and excels. Or is it gold going down and then down even lower? Jim is right about the next crash it's 2017-18 for my guess!


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