The Machine Posted April 19, 2014 Report Share Posted April 19, 2014 Investors should put 10-20% into bullion and adopt their own Gold Standard... JAMES RICKARDS, author of the national best-seller Currency Wars: The Making of the Next Global Crisis, was my guest this week on New York Markets Live, writes Miguel Perez-Santalla at BullionVault. Talking about his latest book, the recently released New York Times bestseller, The Death of Money: The Coming Collapse of the International Monetary System, James Rickards told me how he sees a looming crisis building for the Dollar, plus his recommended solutions for the private investor. "I recently returned from a trip to Switzerland," he told me. "I did not go to any banks. I went to the gold refiners to find out what was actually happening with physical gold. "I met with the head of precious metals for one of the largest refiners. He's producing about 20 tons a week in gold. China's buying half of it. China's dumping Dollars to get gold. Russia's backing away from the Dollar for geo-political reasons. Saudi Arabia is also backing away from the Dollar." What can investors do? "Take 10% of your Dollars if you're conservative, 20% if you're aggressive, and put it into physical gold. Even if the currency is devalued you have your own personal gold standard to preserve your wealth," said Rickards. More Business Podcasts at Blog Talk Radio with http://www.blogtalkradio.com/bullionvaults-newyorkmarketslive on BlogTalkRadio with http://www.blogtalkradio.com/bullionvaults-newyorkmarketslive on BlogTalkRadio Current Business Podcasts at Blog Talk Radio with New York Markets Live on BlogTalkRadio James Rickards is a portfolio manager at West Shore Group and a partner in Tangent Capital Partners, a merchant bank based in New York. He is also a counselor and investment advisor and has held senior positions at Citibank, Long-Term Capital Management and Caxton Associates. In 1998, he was the principal negotiator of the rescue of LTCM sponsored by the Federal Reserve. His clients include institutional investors and government directorates. Reviewing how the US central bank has mismanaged the Dollar, "The Fed's moves are based on a false assumption that the markets can operate in balance with some occasional government interference," said Rickards. "Although the government is shoring up the economy in the short-term, the currency system will eventually erode. Central banks understand that gold retains enduring value, and that's why they are buying and storing gold." 3 Link to comment Share on other sites More sharing options...
Rayzur Posted April 19, 2014 Report Share Posted April 19, 2014 Oh I'm so shocked at the recommendation... who would have ever thought this would be the case.... Thanks Machine!!! 1 Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted April 20, 2014 Report Share Posted April 20, 2014 Oh I'm so shocked at the recommendation... who would have ever thought this would be the case.... Thanks Machine!!! LOL. Never crossed my mind before. Botzwana,you are forever in my prayers. Link to comment Share on other sites More sharing options...
Rayzur Posted April 20, 2014 Report Share Posted April 20, 2014 LOL. Never crossed my mind before. Yeah huh LGD... and I'm praying something happens in your life such that you can add some to it, before it hits the ceiling... And ya know what, I was thinking about it... If that doesn't happen... there are other things you bring to the table of equal value to be shared with those who do.... After all, you are a Marine ..... . Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted April 20, 2014 Report Share Posted April 20, 2014 Yeah huh LGD... and I'm praying something happens in your life such that you can add some to it, before it hits the ceiling... And ya know what, I was thinking about it... If that doesn't happen... there are other things you bring to the table of equal value to be shared with those who do.... After all, you are a Marine ..... . OOOOORRRRRRRRAAAAAAAHHHHHHHH You totally rock. Botzwana you are forever in my prayers. Link to comment Share on other sites More sharing options...
The Machine Posted April 20, 2014 Author Report Share Posted April 20, 2014 Gold for everybody ..... 2 Link to comment Share on other sites More sharing options...
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