The Gold Chronicles: September 8th, 2016 Interview with Jim Rickards and Alex Stanczyk

Jim Rickards and Alex Stanczyk, The Gold Chronicles September 8th, 2016

Topics include:

*Jackson Hole Meeting Analysis
*Difference between 3.5% growth and 2% growth compounded over 20 years is the difference between a wealthy nation and a poor one
*Now looking like a rate cut by the Fed is more likely than a rate hike
*Removing cash from monetary system is now being discussed at the highest levels as a path forward to allow the US to implement negative interest rates
*Update to “War on Cash” scenario
*G20 Meeting Analysis
*China’s snub against President Obama was the 2016 version of the Kowtow
*This is a very significant G20 summit, the Hangzhou Consensus are the new rules of the road for the international monetary system
*IMF Quota being reviewed in 2017 and expect emerging market voting shares to be adjusted
*BRIC’s expected to have 15% voting power by end of 2017, which shifts the balance of influence within the IMF away from the US
*Long term effect could include rebalancing the SDR currency ratios, removing use of USD for purchase of oil, and other measures which would reduce reliance on USD as world reserve currency
*Introduction to coming war on gold
*Once the “war on cash” is over, it is expected attention will shift to gold, and government will shift attention to gold
*Buying gold may become increasingly more difficult from a regulatory standpoint in years to come
*Several non-US Central Banks are buying billions of USD worth of US stocks
*Expected longer term economic effect of SDR being re-weighted with Chinese Yuan

 

 

Learn more about Jim Rickards new book, The New Case for Gold at http://thenewcaseforgold.com/

You can follow Alex Stanczyk on Twitter @alexstanczyk

You can follow Jim Rickards on Twitter @JamesGRickards

You can listen to the Gold Chronicles on iTunes at:
https://itunes.apple.com/us/podcast/the-gold-chronicles/id980027782?mt=2

You can Listen to the Global Perspectives on iTunes at:
https://itunes.apple.com/ca/podcast/physical-gold-fund-podcasts/id1056831476?mt=2

You can access transcripts of our interviews at:
http://physicalgoldfund.com/category/transcripts/

You can subscribe to our Youtube channel to access these interviews and more at:
https://www.youtube.com/channel/UCXRWzw0vaNgCwo7nTMEAwkA

 

By listening to this podcast or reading its associated transcript (collectively, this “Podcast”), you agree with the following.

This Podcast is not an offer to sell, nor a solicitation of an offer to purchase, any security. This Podcast is intended for general education and information purposes only, and may include broad discussions of markets, geopolitics, monetary policy, and geoeconomics. Nothing in this Podcast constitutes investment, legal or tax advice, nor an evaluation of or prospectus for any particular investment or market, including gold. This Podcast should not be relied upon to make any investment decision. You are encouraged to seek the advice of qualified financial, legal and tax advisors before making any investment decisions.

This material is provided on an “as is” and “as available” basis, without any representations, warranties or conditions of any kind. In particular, information provided by third parties in this Podcast has not independently evaluated or confirmed. Furthermore, we take no responsibility to update this Podcast to reflect any changes in any of the information presented. Physical Hard Assets Fund SPC and Physical Gold Fund, its officers, directors, employees or associated persons will not under any circumstances be liable to you or any other person for any loss or damage (whether direct, indirect, special, incidental, economic, or consequential, exemplary or punitive) arising from, connected with, or relating to the use of, or inability to use, this Podcast or the information herein, or any action or decision made by you or any other person in reliance on this information, or any unauthorized use or reproduction of this Podcast or the information herein.

The Gold Chronicles: July 15, 2016 Interview with Jim Rickards

Jim Rickards, The Gold Chronicles July 15, 2016

*Post Brexit analysis
*Elite economic class is forecasting substantial problems for the global economy
*Summary history of the Bank of England
*Role of the Bank for International Settlements (BIS)
*Analysis of total debt monetization in Japan compromising Shanghai Accord

 

 

Learn more about Jim Rickards new book, The New Case for Gold at http://thenewcaseforgold.com/

You can follow Alex Stanczyk on Twitter @alexstanczyk

You can follow Jim Rickards on Twitter @JamesGRickards

You can listen to the Gold Chronicles on iTunes at:
https://itunes.apple.com/us/podcast/the-gold-chronicles/id980027782?mt=2

You can Listen to the Global Perspectives on iTunes at:
https://itunes.apple.com/ca/podcast/physical-gold-fund-podcasts/id1056831476?mt=2

You can access transcripts of our interviews at:
http://physicalgoldfund.com/category/transcripts/

You can subscribe to our Youtube channel to access these interviews and more at:
https://www.youtube.com/channel/UCXRWzw0vaNgCwo7nTMEAwkA

 

By listening to this podcast or reading its associated transcript (collectively, this “Podcast”), you agree with the following.

This Podcast is not an offer to sell, nor a solicitation of an offer to purchase, any security. This Podcast is intended for general education and information purposes only, and may include broad discussions of markets, geopolitics, monetary policy, and geoeconomics. Nothing in this Podcast constitutes investment, legal or tax advice, nor an evaluation of or prospectus for any particular investment or market, including gold. This Podcast should not be relied upon to make any investment decision. You are encouraged to seek the advice of qualified financial, legal and tax advisors before making any investment decisions.

This material is provided on an “as is” and “as available” basis, without any representations, warranties or conditions of any kind. In particular, information provided by third parties in this Podcast has not independently evaluated or confirmed. Furthermore, we take no responsibility to update this Podcast to reflect any changes in any of the information presented. Physical Hard Assets Fund SPC and Physical Gold Fund, its officers, directors, employees or associated persons will not under any circumstances be liable to you or any other person for any loss or damage (whether direct, indirect, special, incidental, economic, or consequential, exemplary or punitive) arising from, connected with, or relating to the use of, or inability to use, this Podcast or the information herein, or any action or decision made by you or any other person in reliance on this information, or any unauthorized use or reproduction of this Podcast or the information herein.

The Gold Chronicles: June 23, 2016 Interview with Jim Rickards

Jim Rickards, The Gold Chronicles June 23, 2016

* Full commentary and analysis on Brexit (referendum for the UK remaining in the EU or leaving it)
* In British history this will stand out as a momentous day
* Betting pools are not a good proxy for UK citizens views on Brexit, bad science
* Gold prior to vote is priced for the UK to vote to remain in the EU
* A leave vote will cause gold to skyrocket and the GPB will lose 10% overnight
* Economists have a terrible forecasting record, and there is no reason to believe their projections will play out re Brexit
* The EU is a result of 60 years of work on a political project, not an economic project
* Gold is beginning to reverse flows into London, averaging 60 tons per month since Feb 2016 creating tightness in the wholesale gold market at the refinery level
* If the UK leaves the EU, Scotland will likely leave the UK and join the EU

 

 

Learn more about Jim Rickards new book, The New Case for Gold at http://thenewcaseforgold.com/

You can follow Alex Stanczyk on Twitter @alexstanczyk

You can follow Jim Rickards on Twitter @JamesGRickards

You can listen to the Gold Chronicles on iTunes at:
https://itunes.apple.com/us/podcast/the-gold-chronicles/id980027782?mt=2

You can Listen to the Global Perspectives on iTunes at:
https://itunes.apple.com/ca/podcast/physical-gold-fund-podcasts/id1056831476?mt=2

You can access transcripts of our interviews at:
http://physicalgoldfund.com/category/transcripts/

You can subscribe to our Youtube channel to access these interviews and more at:
https://www.youtube.com/channel/UCXRWzw0vaNgCwo7nTMEAwkA

 

By listening to this podcast or reading its associated transcript (collectively, this “Podcast”), you agree with the following.

This Podcast is not an offer to sell, nor a solicitation of an offer to purchase, any security. This Podcast is intended for general education and information purposes only, and may include broad discussions of markets, geopolitics, monetary policy, and geoeconomics. Nothing in this Podcast constitutes investment, legal or tax advice, nor an evaluation of or prospectus for any particular investment or market, including gold. This Podcast should not be relied upon to make any investment decision. You are encouraged to seek the advice of qualified financial, legal and tax advisors before making any investment decisions.

This material is provided on an “as is” and “as available” basis, without any representations, warranties or conditions of any kind. In particular, information provided by third parties in this Podcast has not independently evaluated or confirmed. Furthermore, we take no responsibility to update this Podcast to reflect any changes in any of the information presented. Physical Hard Assets Fund SPC and Physical Gold Fund, its officers, directors, employees or associated persons will not under any circumstances be liable to you or any other person for any loss or damage (whether direct, indirect, special, incidental, economic, or consequential, exemplary or punitive) arising from, connected with, or relating to the use of, or inability to use, this Podcast or the information herein, or any action or decision made by you or any other person in reliance on this information, or any unauthorized use or reproduction of this Podcast or the information herein.

The Gold Chronicles: May 18th, 2016 Interview with Jim Rickards

Jim Rickards, The Gold Chronicles may 18th, 2016

*The West is waking up to Gold
*Gold inflows have exceeded $13 Billion so far in 2016
*Paul Singer, Stanley Druckenmiller, Jeffrey Gundlach, George Soros all recommending gold
*Gold is the best performing asset for both 2016, as well as the last 16 years since 2000
*There has been a change in teh conversation and narrative about gold in the West
*Investors are losing confidence in Central Banks which is fueling the awareness about gold
*As we have discussed previously on The Gold Chronicles, the technical set up for gold to rise has been in place for some time, and was only awaiting a shift in Western sentiment
*PIMCO economist suggesting an official re-pricing of gold to defeat current deflation and reach Fed inflation targets
*Discussion of how open market operations by the Fed to raise the official price of gold would work
*Kenneth Rogoff is recommending developing economy countries to increase their gold reserves to 10% to diversify reserves composition
*Chief Economist BIS indicates the world monetary system is lacking an anchor – why we think this anchor could be gold
*Why a gold linked SDR could make sense as an international monetary system anchor
*Any attempts to re-anchor the monetary system to gold would require a non-deflationary USD gold price of $10,000 per troy ounce
*Feasability of using gold as an international unit of account today – even if all goods were measured in gold, it would likely require some kind of digital token to facilitate transactions
*No expectations of a Fed rate hike in June
*Detailing a scenario under which the gold price could go down significantly, and the probability of such an event
*Commentary on China’s gold reserves

 

 

Learn more about Jim Rickards new book, The New Case for Gold at http://thenewcaseforgold.com/

You can follow Alex Stanczyk on Twitter @alexstanczyk

You can follow Jim Rickards on Twitter @JamesGRickards

You can listen to the Gold Chronicles on iTunes at:
https://itunes.apple.com/us/podcast/the-gold-chronicles/id980027782?mt=2

You can Listen to the Global Perspectives on iTunes at:
https://itunes.apple.com/ca/podcast/physical-gold-fund-podcasts/id1056831476?mt=2

You can access transcripts of our interviews at:
http://physicalgoldfund.com/category/transcripts/

You can subscribe to our Youtube channel to access these interviews and more at:
https://www.youtube.com/channel/UCXRWzw0vaNgCwo7nTMEAwkA

 

By listening to this podcast or reading its associated transcript (collectively, this “Podcast”), you agree with the following.

This Podcast is not an offer to sell, nor a solicitation of an offer to purchase, any security. This Podcast is intended for general education and information purposes only, and may include broad discussions of markets, geopolitics, monetary policy, and geoeconomics. Nothing in this Podcast constitutes investment, legal or tax advice, nor an evaluation of or prospectus for any particular investment or market, including gold. This Podcast should not be relied upon to make any investment decision. You are encouraged to seek the advice of qualified financial, legal and tax advisors before making any investment decisions.

This material is provided on an “as is” and “as available” basis, without any representations, warranties or conditions of any kind. In particular, information provided by third parties in this Podcast has not independently evaluated or confirmed. Furthermore, we take no responsibility to update this Podcast to reflect any changes in any of the information presented. Physical Hard Assets Fund SPC and Physical Gold Fund, its officers, directors, employees or associated persons will not under any circumstances be liable to you or any other person for any loss or damage (whether direct, indirect, special, incidental, economic, or consequential, exemplary or punitive) arising from, connected with, or relating to the use of, or inability to use, this Podcast or the information herein, or any action or decision made by you or any other person in reliance on this information, or any unauthorized use or reproduction of this Podcast or the information herein.

 

The Gold Chronicles: April, 15th 2016 Interview with Jim Rickards

Jim Rickards, The Gold Chronicles April 15, 2016

*The New Case for Gold has hit #1 in Business for Amazon Hard Cover, Soft Cover, and Audio – has hit #6 On the Wall Street Journal National Best Seller list
*What specifically makes gold best suited to be money from a physical and chemical perspective
*All forms of money are subject to the laws of physics, when measured side by side gold is superior
*Federal Reserve Bank of New York had $100M stolen from its accounts by cyber theft
*Details of the Shanghai Accord and its impact on Currency Wars and gold
*Deutsche Bank settling silver rigging charges will have little impact on prices
*Should citizens of countries with little or no gold reserves be concerned, and how should they factor this into personal wealth protection
*China is about to launch their Yuan denominated gold fix, this is a positive development and provides another venue to help China float the Yuan, and may have some impact on the physical market in the conversion of standard good delivery bars into the new kilo bar 999.9 fine standard

 

 

Learn more about Jim Rickards new book, The New Case for Gold at http://thenewcaseforgold.com/

You can follow Alex Stanczyk on Twitter @alexstanczyk

You can follow Jim Rickards on Twitter @JamesGRickards

You can listen to the Gold Chronicles on iTunes at:
https://itunes.apple.com/us/podcast/the-gold-chronicles/id980027782?mt=2

You can Listen to the Global Perspectives on iTunes at:
https://itunes.apple.com/ca/podcast/physical-gold-fund-podcasts/id1056831476?mt=2

You can access transcripts of our interviews at:
http://physicalgoldfund.com/category/transcripts/

You can subscribe to our Youtube channel to access these interviews and more at:
https://www.youtube.com/channel/UCXRWzw0vaNgCwo7nTMEAwkA

 

By listening to this podcast or reading its associated transcript (collectively, this “Podcast”), you agree with the following.

This Podcast is not an offer to sell, nor a solicitation of an offer to purchase, any security. This Podcast is intended for general education and information purposes only, and may include broad discussions of markets, geopolitics, monetary policy, and geoeconomics. Nothing in this Podcast constitutes investment, legal or tax advice, nor an evaluation of or prospectus for any particular investment or market, including gold. This Podcast should not be relied upon to make any investment decision. You are encouraged to seek the advice of qualified financial, legal and tax advisors before making any investment decisions.

This material is provided on an “as is” and “as available” basis, without any representations, warranties or conditions of any kind. In particular, information provided by third parties in this Podcast has not independently evaluated or confirmed. Furthermore, we take no responsibility to update this Podcast to reflect any changes in any of the information presented. Physical Hard Assets Fund SPC and Physical Gold Fund, its officers, directors, employees or associated persons will not under any circumstances be liable to you or any other person for any loss or damage (whether direct, indirect, special, incidental, economic, or consequential, exemplary or punitive) arising from, connected with, or relating to the use of, or inability to use, this Podcast or the information herein, or any action or decision made by you or any other person in reliance on this information, or any unauthorized use or reproduction of this Podcast or the information herein.

The Gold Chronicles: March, 15th 2016 Interview with Jim Rickards

Jim Rickards, The Gold Chronicles March 2016:
*Cyber financial warfare is a new factor that did not exist in 1980
*Fed balance sheet has a foundation of marked to market gold
*The Fed has a gold certificate issued to it by Treasury that is valued at the entire US Treasury gold position calculated at $42.20 per ounce
*Audio version of the new book read by Jim will be available on Amazon
*Expecting gold price to rise in all currencies
*Major central banks are acquiring gold, which will be the chips at the poker table when the monetary system is re-negotiated. Japan, UK, Australia will rely on the US position
*The non-deflationary price of gold under a new gold standard would be $10,000 per ounce or higher
*Expecting near zero interest rates for an extended period of time
*Windfall tax on gold would require an act of Congress – no expectation this is likely, if it happened there would be plenty of advance warning and time to reposition a portfolio

 

 

Learn more about Jim Rickards new book, The New Case for Gold at http://thenewcaseforgold.com/

You can follow Alex Stanczyk on Twitter @alexstanczyk

You can follow Jim Rickards on Twitter @JamesGRickards

You can listen to the Gold Chronicles on iTunes at:
https://itunes.apple.com/us/podcast/the-gold-chronicles/id980027782?mt=2

You can Listen to the Global Perspectives on iTunes at:
https://itunes.apple.com/ca/podcast/physical-gold-fund-podcasts/id1056831476?mt=2

You can access transcripts of our interviews at:
http://physicalgoldfund.com/category/transcripts/

You can subscribe to our Youtube channel to access these interviews and more at:
https://www.youtube.com/channel/UCXRWzw0vaNgCwo7nTMEAwkA

 

By listening to this podcast or reading its associated transcript (collectively, this “Podcast”), you agree with the following.

This Podcast is not an offer to sell, nor a solicitation of an offer to purchase, any security. This Podcast is intended for general education and information purposes only, and may include broad discussions of markets, geopolitics, monetary policy, and geoeconomics. Nothing in this Podcast constitutes investment, legal or tax advice, nor an evaluation of or prospectus for any particular investment or market, including gold. This Podcast should not be relied upon to make any investment decision. You are encouraged to seek the advice of qualified financial, legal and tax advisors before making any investment decisions.

This material is provided on an “as is” and “as available” basis, without any representations, warranties or conditions of any kind. In particular, information provided by third parties in this Podcast has not independently evaluated or confirmed. Furthermore, we take no responsibility to update this Podcast to reflect any changes in any of the information presented. Physical Hard Assets Fund SPC and Physical Gold Fund, its officers, directors, employees or associated persons will not under any circumstances be liable to you or any other person for any loss or damage (whether direct, indirect, special, incidental, economic, or consequential, exemplary or punitive) arising from, connected with, or relating to the use of, or inability to use, this Podcast or the information herein, or any action or decision made by you or any other person in reliance on this information, or any unauthorized use or reproduction of this Podcast or the information herein.

The Gold Chronicles: February, 18th 2016 Interview with Jim Rickards

Jim Rickards, The Gold Chronicles February 2016:

*Negative Interest Rates leading to a fresh round of currency wars
*Fed on the path to raise interest rates in March and again in June
*Markets are currently assuming the Fed is not going to raise rates
*The S&P would have to be sub 1650 and the jobs report would have to come in under 100k for the Fed to not raise rates
*Still seeing consistent below trend growth
*Inconsistency in policy is causing a loss of confidence in the Fed
*Gold is currently acting like money, similar to USD, Yen, Euro
*In Jim’s new book he addresses common falacies and myths in regards to Gold
*The New Case for Gold can be pre-ordered on Amazon at http://www.amazon.com/New-Case-Gold-James-Rickards/dp/1101980761
*What a move to a cashless society looks like
*May see negative interest rates in the US in 2017

 

 

Learn more about Jim Rickards new book, The New Case for Gold at http://thenewcaseforgold.com/

You can follow Alex Stanczyk on Twitter @alexstanczyk

You can follow Jim Rickards on Twitter @JamesGRickards

You can listen to the Gold Chronicles on iTunes at:
https://itunes.apple.com/us/podcast/the-gold-chronicles/id980027782?mt=2

You can Listen to the Global Perspectives on iTunes at:
https://itunes.apple.com/ca/podcast/physical-gold-fund-podcasts/id1056831476?mt=2

You can access transcripts of our interviews at:
http://physicalgoldfund.com/category/transcripts/

You can subscribe to our Youtube channel to access these interviews and more at:
https://www.youtube.com/channel/UCXRWzw0vaNgCwo7nTMEAwkA

 

By listening to this podcast or reading its associated transcript (collectively, this “Podcast”), you agree with the following.

This Podcast is not an offer to sell, nor a solicitation of an offer to purchase, any security. This Podcast is intended for general education and information purposes only, and may include broad discussions of markets, geopolitics, monetary policy, and geoeconomics. Nothing in this Podcast constitutes investment, legal or tax advice, nor an evaluation of or prospectus for any particular investment or market, including gold. This Podcast should not be relied upon to make any investment decision. You are encouraged to seek the advice of qualified financial, legal and tax advisors before making any investment decisions.

This material is provided on an “as is” and “as available” basis, without any representations, warranties or conditions of any kind. In particular, information provided by third parties in this Podcast has not independently evaluated or confirmed. Furthermore, we take no responsibility to update this Podcast to reflect any changes in any of the information presented. Physical Hard Assets Fund SPC and Physical Gold Fund, its officers, directors, employees or associated persons will not under any circumstances be liable to you or any other person for any loss or damage (whether direct, indirect, special, incidental, economic, or consequential, exemplary or punitive) arising from, connected with, or relating to the use of, or inability to use, this Podcast or the information herein, or any action or decision made by you or any other person in reliance on this information, or any unauthorized use or reproduction of this Podcast or the information herein.

The Gold Chronicles: January, 11th 2016 Interview with Jim Rickards

Jim Rickards, The Gold Chronicles January 2016:

*Jim announces his new book, The New Case for Gold, now available for pre-order on Amazon: http://www.amazon.com/New-Case-Gold-James-Rickards/dp/1101980761

*Cyberwarfare didn’t exist 35 years ago. There are new reasons to buy gold today

*Explaining China’s “Impossible Trinity” of a pegged exchange rate, open capital account, and independent monetary policy

*Expect a global recession 2016

*Fed will reverse course and loosen monetary policy by end of 2016

*House of Saud going through major, generational changes which lays the groundwork for what could lead to World War III

*The world is facing a global dollar shortage. 20 Trillion in USD denominated debt has been created in recent years and not enough dollars to pay the debts

*Alex Stanczyk shares the story of how Physical Gold Fund began its relationship with Jim Rickards

*The USD has not yet topped. In the short term the USD will continue to strengthen. The Fed will ease perhaps beginning in November 2016.

*Oil / Gold Ratio – gold is now trading like money compared to other commodities

 

 

Learn more about Jim Rickards new book, The New Case for Gold at http://thenewcaseforgold.com/

You can follow Alex Stanczyk on Twitter @alexstanczyk

You can follow Jim Rickards on Twitter @JamesGRickards

You can listen to the Gold Chronicles on iTunes at:
https://itunes.apple.com/us/podcast/the-gold-chronicles/id980027782?mt=2

You can Listen to the Global Perspectives on iTunes at:
https://itunes.apple.com/ca/podcast/physical-gold-fund-podcasts/id1056831476?mt=2

You can access transcripts of our interviews at:
http://physicalgoldfund.com/category/transcripts/

You can subscribe to our Youtube channel to access these interviews and more at:
https://www.youtube.com/channel/UCXRWzw0vaNgCwo7nTMEAwkA

 

By listening to this podcast or reading its associated transcript (collectively, this “Podcast”), you agree with the following.

This Podcast is not an offer to sell, nor a solicitation of an offer to purchase, any security. This Podcast is intended for general education and information purposes only, and may include broad discussions of markets, geopolitics, monetary policy, and geoeconomics. Nothing in this Podcast constitutes investment, legal or tax advice, nor an evaluation of or prospectus for any particular investment or market, including gold. This Podcast should not be relied upon to make any investment decision. You are encouraged to seek the advice of qualified financial, legal and tax advisors before making any investment decisions.

This material is provided on an “as is” and “as available” basis, without any representations, warranties or conditions of any kind. In particular, information provided by third parties in this Podcast has not independently evaluated or confirmed. Furthermore, we take no responsibility to update this Podcast to reflect any changes in any of the information presented. Physical Hard Assets Fund SPC and Physical Gold Fund, its officers, directors, employees or associated persons will not under any circumstances be liable to you or any other person for any loss or damage (whether direct, indirect, special, incidental, economic, or consequential, exemplary or punitive) arising from, connected with, or relating to the use of, or inability to use, this Podcast or the information herein, or any action or decision made by you or any other person in reliance on this information, or any unauthorized use or reproduction of this Podcast or the information herein.

The Gold Chronicles: December, 18th 2015 Interview with Jim Rickards

Jim Rickards, The Gold Chronicles December 2015:

 

*The Fed has raised the interest rate by .25%, and it may go down in history as one of the Fed’s greatest blunders
*The Fed always follows the economy, it never leads it
*Janet Yellen’s models include the Philips Curve which has been thoroughly discredited, does not work and has no empirical support
*Labor force participation is at a 40 yr low
*If you lose one $85,000 job in the oil patch in North Dakota and gain three $25,000 part time service jobs the overall effect is net new jobs but a decline in aggregate demand and GDP
*Unemployment is a lagging indicator, it does not tell you where the economy is going it tells you where the economy has been
*World and US trade are collapsing in the absolute sense – total import / export levels are dropping at the same time
*Expecting .50% (50 basis points) increase in rates through summer of 2016
*Fed models are obsolete
*Negative interest rates would destroy the trillion dollar money market industry
*China is back to Yuan devaluation
*Historically when the US economy goes into a recession, it takes 3% cut in interest rates to get the economy out of the recession. The question is then how does the Fed do this when the interest rate is zero or near zero
*The Fed has never accurately forecasted a bubble, or a recession
*This expansion has been going on since 2009, and has been the weakest expansion on record
*The saying goes that expansions cannot die of old age, but they can be murdered by the Fed
*One of the main reasons the Fed is hiking now is to try and preserve what little is left of its credibility
*The other reason the Fed is hiking is to try and “let the air out” of asset bubbles, however these bubbles do not go away slowly but rather abruptly
*The Fed is in a desperate race to get to 3% before the next recession so they can cut
*45% of growth in China’s GDP is from investment and half of that is pure waste and should be written off
*Real growth in China is probably closer to 3%-4%
*Real global growth after subtracting China is closer to sub 1%
*By summer 2016 the markets are going to figure out we are in recession
*If the Fed cuts rates 60 days before the Presidential Election there will be strong political resistance
*We will likely get to Dec 2016 with a total mess and 2017 will have to go back to easing
*Fed tightening monetary policy and increasing rates through June 2016 will create a stronger dollar and a decline in corporate earnings
*Given what’s happened to every other commodity gold has held up surprisingly well
*Gold has bounced off of the $1050 level 8 times in the last few years
*USD Gold price is a comparison of two kinds of money
*Gold and Dollars are both money, neither produce yield unless invested
*At some point the market will realize that this strong dollar policy has been a mistake and demand the Fed weaken the dollar
*Likely to have a stronger dollar for the next 6 months, and the earliest Fed cut would likely be a 2017 event barring some catastrophe
*The coming non US dollar denominated debt collapse is up to $9 Trillion in range before factoring in derivatives

 

 

Learn more about Jim Rickards new book, The New Case for Gold at http://thenewcaseforgold.com/

You can follow Alex Stanczyk on Twitter @alexstanczyk

You can follow Jim Rickards on Twitter @JamesGRickards

You can listen to the Gold Chronicles on iTunes at:
https://itunes.apple.com/us/podcast/the-gold-chronicles/id980027782?mt=2

You can Listen to the Global Perspectives on iTunes at:
https://itunes.apple.com/ca/podcast/physical-gold-fund-podcasts/id1056831476?mt=2

You can access transcripts of our interviews at:
http://physicalgoldfund.com/category/transcripts/

You can subscribe to our Youtube channel to access these interviews and more at:
https://www.youtube.com/channel/UCXRWzw0vaNgCwo7nTMEAwkA

 

By listening to this podcast or reading its associated transcript (collectively, this “Podcast”), you agree with the following.

This Podcast is not an offer to sell, nor a solicitation of an offer to purchase, any security. This Podcast is intended for general education and information purposes only, and may include broad discussions of markets, geopolitics, monetary policy, and geoeconomics. Nothing in this Podcast constitutes investment, legal or tax advice, nor an evaluation of or prospectus for any particular investment or market, including gold. This Podcast should not be relied upon to make any investment decision. You are encouraged to seek the advice of qualified financial, legal and tax advisors before making any investment decisions.

This material is provided on an “as is” and “as available” basis, without any representations, warranties or conditions of any kind. In particular, information provided by third parties in this Podcast has not independently evaluated or confirmed. Furthermore, we take no responsibility to update this Podcast to reflect any changes in any of the information presented. Physical Hard Assets Fund SPC and Physical Gold Fund, its officers, directors, employees or associated persons will not under any circumstances be liable to you or any other person for any loss or damage (whether direct, indirect, special, incidental, economic, or consequential, exemplary or punitive) arising from, connected with, or relating to the use of, or inability to use, this Podcast or the information herein, or any action or decision made by you or any other person in reliance on this information, or any unauthorized use or reproduction of this Podcast or the information herein.

The Gold Chronicles: November 12, 2015 Interview with Jim Rickards

Jim Rickards, The Gold Chronicles November 2015:

*This is the weakest US recovery on record
*Given length of current economic expansion, US may already be in a recession and data has not caught up yet
*The Fed cannot pull the trigger on a rate hike because the data does not support it
*Detailed discussion of feedbackloops affecting the Federal reserve and zero interest rate
*United States is now a magnet for global deflation
*Fed still unlikely to raise rates in December
*Detailed discussion of IMF Special Drawing Right (SDR) and China’s position
*Sooner or later oil will eventually be denominated / traded in SDR’s
*SDR is backed by nothing, instead value is derived from a peg to a basket of currencies
*Chinese Yuan addition to the SDR basket expected in Sept. 2016
*London is now positioning itself as China friendly
*Indian gold monetization scheme is not likely to succeed
*Indian gold monetization scheme will allow Indian government to lease gold into the market
*Emerging market Central Banks are adding gold to reserves led by China and Russia
*China has lost $500B in reserves in 6 months supporting the Yuan
*During the next financial crisis markets and market makers will be non-liquid and if you do not have alternate forms of liquidity your wealth is at risk
*Jim’s best definition of a financial panic is “everyone wants their money back”.
*Most likely Fed will ease in 2016, and use forward guidance and currency wars as tools

 

 

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