Category: Jim Rickards

James Rickards: Predicting the Fed's Next Move

Everyone is wondering what the FED will do next? How will 2018 unfold, and can any profit be made from it, or are we simply staring down the barrel of a complete and utter collapse? The FED is sending warning singles to anyone who cares to listen, and rates could move in a massive way…

Enough About Bitcoin, Gold Is Headed to $10,000

The Federal Reserve could provide the ammo that blasts gold into its next major rally – a rally that could push prices up as high as $10,000 an ounce, according to one famed investor. On the sidelines of the Silver and Gold Summit, best-selling author Jim Rickards told Kitco News that he is not convinced…

Golden Catalysts Lay in Wait

The physical fundamentals are stronger than ever for gold. Russia and China continue to be huge buyers. China bans export of its 450 tons per year of physical production. Gold refiners are working around the clock and cannot meet demand. Gold refiners are also having difficulty finding gold to refine as mining output, official bullion…

How Quantitative Tightening Will Be Inflationary, Than Deflationary

We recently had our quarterly advisory board discussion with special guest Ben Hunt, author of Epsilon Theory, a newsletter and website that examines markets through the lenses of game theory and history. What we talked about during the call: How Quantitative Tightening will actually be inflationary, rather than deflationary. How narratives, not reality, drive markets.…

Prepare for a Chinese Maxi-devaluation

China is a relatively open economy; therefore it is subject to the impossible trinity. China has also been attempting to do the impossible in recent years with predictable results. Beginning in 2008 China pegged its exchange rate to the U.S. dollar. China also had an open capital account to allow the free exchange of yuan…

Jim Rickards: Is Bitcoin a Ponzi Scheme?

JPMorgan CEO Jamie Dimon recently called bitcoin a “fraud” that “won’t end well.” The cryptocurrency is up 800% in the past year. So bitcoin investors can have a good laugh at Mr. Dimon’s expense, for now. Important questions and skepticism remain. Among the cryptocurrency’s big skeptics is currency guru and bestselling author Jim Rickards. He…

Four Major Catalysts for Gold

The Federal Reserve would like to continue “normalizing” interest rates. But the most recent economic data simply does not justify it. On Sept. 29, the August core PCE year-over-year (YoY) inflation figure was released. And the data came in exactly as I expected. YoY inflation for August was just 1.3%, down 0.6% from the January…