How Badly Does China Want Gold? - PART 2 with Jim Rickards

In best-selling author Jim Rickards’ latest book, the New Case For Gold, he brings up one of the most common criticisms of a new gold standard – that there is not enough gold to support it. Rickards makes the argument that it would work at a certain price level.  In his interview with Kitco News, Rickards also discusses China and gold buying. He suggests that China is suppressing the gold price through the COMEX market in order to build-up more physical supplies. Once they have a sufficient supply, equal to the United States, they will no longer care what the metal's price is and it will likely skyrocket, he explains. (show less)

In best-selling author Jim Rickards’ latest book, the New Case For Gold, he brings up one of the most common criticisms of a new gold standard – that there is not enough gold to support it. Rickards makes the argument that it would work at a certain price level.  In his interview with Kitco News, Rickards also discusses China and gold buying. He suggests that China is suppressing the gold price through the COMEX market in order to build-up more physical supplies. ... (read more)

Kitco NEWS

Kitco NEWS
The Kitco News team speaks to analysts and experts on the frontlines of the market to get the most up-to-date news on the economy. The show offers a well-rounded, timely view on big market moves and any major headlines that may affect financial assets. Coined – no pun intended – as the number one source of precious metals news, Kitco News is the leading provider of up-to-date price action in the precious metals space.

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