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Jim Rickards: gold 2000 based upon demand, 4000-11000 based upon money vectorThis forum post is dated 04/26/10. If you feel it is old or outdated, please follow up with a question or comment and someone may be able to update it, or reply with newer information if you have it. - Gold Theories
| Jim Rickards: gold 2000 based upon demand, 4000-11000 based upon money vector Jim Rickards gives the interview of a lifetime about gold, the economy and central banks: kingworldnews.com I also show how you can buy 1/20th oz of gold for 59$. My notes: dollar collapse before govt gets to endgame. US needs to devalue the dollar 50%. however dollar holders just won't sit by and watch that happen. they won't play the game and will dump their dollars, destroying it. Fed won't get the gradual devaluation they are looking for. best case, 10 years no growth. worst case, second collapse more like great depression american people won't be happy with 10 years of no growth. not japan culture When England devalued the sterling, the US devalued the dollar vs gold. Government actively bought gold above the market price in the great depression to bring it up to $35! French were the losers, so France devalued. Germany was last major currency to devalue. Gold is the one money that no country prints. End up devaluing vs gold. vectors driving gold: supply vs demand (mine production supply side 2500 tons year and going down) demand side (normal demands: ewelry, investment) 3000 tons. new factor: central bank buying. CBs turned to net buyers. China wants 3000 tons, Russian 1000 tons, India 1000 tons. 5000 overhang. $2000 gold just on fundementals. SAFE = state admin foreign exchange. China bought gold stealthy thru that fund. in a single book entry flipped to people's bank of china. 454 tons over a few years. China is buying in secret. "buy side overhang." Money vectors X;b>...X;/b> |
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