Title: Jim Rickards - Fed Desperate for Inflation Bullish for Gold Source:
[None] URL Source:https://www.youtube.com/watch?v=1zX59jl_OkM Published:Mar 23, 2019 Author:Greg Hunter Post Date:2019-04-22 06:38:14 by BTP Holdings Keywords:None Views:438 Comments:1
Four time best-selling author Jim Rickards says “The time to buy gold is when sentiment is low and people hate it. . . . So, the bull market is intact.” We are in the fourth year. Bull markets start off slow because of all the bad sentiment, but then they gather momentum. So, it’s still not too late to jump on this train, and my expectation is this will pick up. . . . The signal the gold market is getting right now is the Fed is throwing in the towel. . . . They made some headway, but it came at a high cost because they slowed the economy . . . and they can’t continue. . . . Now, they are going to be desperate for inflation, and that is very bullish for gold.”
Join Greg Hunter as he goes One-on-One with best-selling author James Rickards as he prepares for the release of his next book called “Aftermath: Seven Secrets of Wealthy Preservation in the Coming Chaos.”
Since the dollar is constantly losing value, gold will continue to increase with respect to the dollar. However, the value of gold remains the same with some fluctuation. 100 years ago, an ounce of gold would purchase 20 days of common labor; at minimum wage. That still true. 100 years ago, an ounce of gold would buy the finest men's wool suit. That is still close to being true because it takes slightly more than an ounce of gold to buy the finest men's wool suit at Saks or Neiman Marcus.