Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Bitcoin, Bail Ins And Bullion
By: Mike Maloney

Tactics For The Gold Bull Era
By: Stewart Thomson

Dow Peaking? The Quick Guide to Diversifying Your Stock Profits
By: Jeff Clark

What History Says for Gold Stocks in 2018-2019
By: Jordan Roy-Byrne CMT, MFTA

Jack Chan's Weekly Precious Metals Market Update
By: Jack Chan

Synchronized Global Growth May Have Arrived
By: Frank Holmes

Gold Versus Bitcoin: The Pro-Gold Argument Takes Shape
By: GoldCore

Asian Metals Market Update: November-21-2017
By: Chintan Karnani, Insignia Consultants

Gold Seeker Closing Report: Gold and Silver Give Back Friday’s Gains
By: Chris Mullen, Gold Seeker Report

Operation Twist By Another Name and Method?
By: Gary Tanashian

 
Search

GoldSeek Web

 
Stocks, Bonds, Pension Funds “Will Be Wiped Out…” – Rickards


 -- Published: Tuesday, 22 November 2016 | Print  | Disqus 

David McWilliams interviewed Jim Rickards at Kilkenomics for TV3’s Agenda and the short ten minute interview is a must watch.

mcwilliamsMcWilliams Rickards interview here (from 34:16)

Key points covered are

  • We are already in global currency wars
  • End of the dollar as the benchmark global reserve currency coming
  • Higher inflationary – “all the currencies will fall against hard assets”
  • Massive financial crisis coming – complexity theory, behavioral economics shows this
  • “Allowing system to get larger and larger and we do not understand risk”
  • “In 1998, Wall Street bailed out a hedge fund; in 2008, the central banks bailed out Wall Street; in the next financial crisis which could be tomorrow or could be in 2018, who is going to bail out the central banks?”
  • Best description of financial panic – “everybody wants their money back at same time …”
  • “Money in the bank is not money – it is an unsecured liability of an occasional insolvent financial institution..”
  • In a panic, everyone seeks to get their money “which is gold, silver or cash…”

Ireland’s Pensions Timebomb – Source: Irish Independent

  • Next financial crisis will be so great that dollar will fall sharply – be very inflationary
  • Prepare now with physical gold – “recommend 10%” allocation
  • Gold, silver, property, land, natural resources, fine art will do well in coming inflation
  • Stocks, bonds, pension funds “will be wiped out…”
  • Don’t trust financial institutions as they do not understand risks in system themselves …
  • “Blind leading the blind …”

Jim Rickards is editor of Strategic Intelligence for Agora Financial as well as the founder of the James Rickards Project: an inquiry into complex dynamics of geopolitics and capital. He is also the author of New York Times bestsellers The New Case for Gold, Currency Wars: The Making of the Next Global Crisis and The Death of Money: The Coming Collapse of the International Financial System. Jim’s newest book, The Road to Ruin was published November 15.

David McWilliams is co-founder of Kilkenomics and one of Ireland’s leading economic commentators. He was one of the very few to accurately predict that the boom was a bubble that would all end in a monumental crash with bank failures, negative equity, rising unemployment and emigration. He is an economist, broadcaster and bestselling author and writes columns for the Sunday Business Post and Irish Independent. David also runs an daily economic bulletin called 360 Macro.

See McWilliams Rickards full TV3 interview from 34:16 here

Gold and Silver Bullion – News and Commentary

Gold logs modest rebound from 9-month low (MarketWatch.com)

Gold Climbs from 9-Month Low; US Bullion Coins Advance (CoinNews.net)

Gold rises for second day on a weaker dollar (Investing.com)

Bidding far more than expected, Chinese firm wins Barrick’s half of big Australian mine (Gata.org)

Randgold CEO says gold is ready to go higher (CNBC.com)

Gold desperately oversold, time to correct (FXStreet.com)

I’ve just bought some platinum – here’s why (CapitalAndConflict.com)

How Much Gold is Left on Earth? (WestCoastPlacer.com)

This Is The Real Reason Why The Public Is Broke And The Middle Class Is Being Destroyed (KingWorldNews.com)

The public sector strikes are really about housing (DavidMCWilliams.com)

Gold Prices (LBMA AM)

22 Nov: USD 1,217.55, GBP 997.89 & EUR 1,144.98 per ounce
21 Nov: USD 1,214.95, GBP 984.72 & EUR 1,143.39 per ounce
18 Nov: USD 1,206.10, GBP 971.15 & EUR 1,135.54 per ounce
17 Nov: USD 1,232.00, GBP 988.19 & EUR 1,148.10 per ounce
16 Nov: USD 1,225.70, GBP 984.36 & EUR 1,144.68 per ounce
15 Nov: USD 1,228.90, GBP 988.65 & EUR 1,138.70 per ounce
14 Nov: USD 1,222.60, GBP 978.08 & EUR 1,136.53 per ounce
11 Nov: USD 1,255.65, GBP 991.96 & EUR 1,154.45 per ounce

Silver Prices (LBMA)

22 Nov: USD 16.76, GBP 13.46 & EUR 15.77 per ounce
21 Nov: USD 16.68, GBP 13.47 & EUR 15.69 per ounce
18 Nov: USD 16.51, GBP 13.30 & EUR 15.54 per ounce
17 Nov: USD 17.04, GBP 13.65 & EUR 15.87 per ounce
16 Nov: USD 16.95, GBP 13.64 & EUR 15.85 per ounce
15 Nov: USD 17.00, GBP 13.68 & EUR 15.80 per ounce
14 Nov: USD 17.20, GBP 13.73 & EUR 15.95 per ounce
11 Nov: USD 18.59, GBP 14.73 & EUR 17.09 per ounce

http://www.goldcore.com/us/


| Digg This Article
 -- Published: Tuesday, 22 November 2016 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.