OK, here's the deal, Jim Rickards, former CIA Forensic Financial Analyst* has looked at current events, the economic and political climate, and the state of "alt-investments" and came up with a pattern. He says TRUMP is setting up to put the U$A back on the Gold Standard VERY SOON! The date is 1-1-2018 which is less than 4 months away!
He states that Trump has the almost unprecedented opportunity to completely refashion the Federal Reserve Board, Obama left open 2 seats, 1 more has announced a retirement, and the Chairman's term expires, along with 2 deputy chairs. There are only 9 seats total, and Trump can stack the board with Gold Bugs :D
It's all in the article, plus more, but Rickards also calculates that using the original Federal Reserve charter formula, backing the U$D in Gold at 40% levels would necessitate rice levels of $10,000/ozT!
TEN GRAND per Troy Ounce!
Here's the link to a video presentation, but you can click off the tab and it will throw up a "read transcript" option.
(
)
image credit: https://goldswitzerland.com/
- a Forensic Financial Analyst studies patterns in equities trading, and in Rickards case, he used this data to predict and even Prevent terrorist attacks. POS's like Osama Bin Laden would sell stock of their intended targets, and buy back at the bottom, making a profit on both sides of the trades. Smart, but it left a money trail that was used against them ;)
DISCLAIMER: I am not associated with Jim Rickards, the linked website or any other folks in the retailing of Gold, Silver, or other equities that may be affected by going back to a Gold Standard. Posted for Informational Purposes ONLY!!!
Gaaaaaa! This is just more of the standard fare from The Daily Reckoning. Bill Bonner and company put out a lot of good material, but they're also a mill for expensive newsletters. Sure the story looks good, but it always ends the same way.....buy a subscription to the latest newsletter for $49, $149, $1,499 a year.
True, but just the link alone tells us that buying Gold and Silver will pay off HANDSOMELY.
I should leave a disclaimer, I am not promoting the newsletter subscription!
THANX, Sir Stacks A Lot! :D
His 11x Investment Advice (not revealed in the linked text) is barely better than
his predicted Gold Price Increase, (8x) and Silver will likely revert to the historical
price ratios (15:1 with Gold) or HIGHER, the current mining ratios are around 8:1
which would mean $1250-ish Silver Price!
SILVER FTW!!!
Gold going to the moon like bitcoin? xD
Nah, but if Trump does this, it will at least be in "Geosynchronous Orbit"!!!
:D Great to see you again, Kayden! :* :* ;)
I will definitely be giving it a "read" thanks for sharing.
Rickards shares TONS of great info, he feels it is so close that most of the cards are on the Table!!!
He does have additional info in his $49 newsletter (1 year fee) but that is mostly for folks with large portfolios. He lays out a Precious Metals Investment Plan for folks with $10k to invest, $100k to invest, and so forth in the link for FREE. It is heavy in GOLD, and some Silver.
Jim Rickards is interesting to listen to.
Yes, plus he adds in "things to watch for" and other possibilities.
One thing he did not mention is that they could try and prevent
Trump from doing this, like they did to Kennedy and Reagan :(
BOTH were writing executive orders that affected Silver Backing
of the U$D, Kennedy to strengthen Silver, and Reagan to go back
to Silver. It is the Constitutional monetary standard, and Gold
is referenced to SILVER, in fact. 371.25 grains of PURE SILVER
equals One US Dollar! But Gold, having a higher per unit value,
is better for storing large sums.
I keep hearing about going back on the gold standard which would be amazing imo but I will believe it when I see it!
Me too, but I think it is necessary or the US will certainly lose prime WRC status!
This is the primary thrust of MAGA or "Make America Great Again"
w/o our economic supremacy, we are no longer #1 ^O.o^
But a level playing field for the WORLD is a must, or the world will reject us!
RIGHTFULLY SO!!! The F'ed Reserve is rotten to the core, and proves
the saying: ...the love of MONEY is the root of all kinds of EVIL...
How much more wretched is our current love affair with FIAT??? wow
Interesting, thanks for sharing.
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by krazykrista from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
Thanks Krista!!! :*
nice post i like it
@originalworks tip!
@OriginalWorks Mention Bot activated by @underground. The @OriginalWorks bot has determined this post by @underground to be original material and upvoted it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
For more information, Click Here!