Fed Does Not Want 'Disorderly' Rise In Gold Prices: Rickards
Kitco News gets the first exclusive interview with best-selling author Jim Rickards about his new book The Death of Money, due for release April 8. “If you really want to know one big idea what the book is really about, it’s about the collapse of the international monetary system,” Rickards says. “And that’s not meant to be a provocative statement – the international monetary system has actually collapsed three times in the past 100 years...so these things do happen, I’m just trying to prepare the reader for first of all, the fact that that it’s coming and secondly, as an investor, what you can do now to protect yourself.” Rickards comments on the imminent threat of financial warfare on the US economy. “Well, not only is the US at risk, we’re actually in several financial wars right now.” Looking over at gold, Rickards thinks central bankers do look at gold and operate in the market to suppress the price of gold. “What the Fed wants is higher inflation and they’ve said this – Janet Yellen said it the other day in her press conference,” he says. When the price of gold rises in an ‘orderly’ way, it increases inflationary expectations, which helps the Fed, Rickards adds. He also comments on China’s gold purchases, Germany’s gold repatriation and finally the London gold fix manipulation. Tune in now for more of Rickards’ comments on what is most affecting the precious metals markets. Kitco News, March 20, 2014. (show less)
Kitco News gets the first exclusive interview with best-selling author Jim Rickards about his new book The Death of Money, due for release April 8. “If you really want to know one big idea what the book is really about, it’s about the collapse of the international monetary system,” Rickards says. “And that’s not meant to be a provocative statement – the international monetary system has actually collapsed three ... (read more)
On The Spot
Editor-in-Chief Daniela Cambone puts some of the A-list names in the commodities space 'on the spot'. From key political & economic leaders to metal market opponents, she has guests from all over the globe answer some of the most challenging questions surrounding the resource industry. Tune in to hear what the elite have to say about the hottest topics in the industry.Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.
