Interview with Jim Rickards

Listen to an important interview with Jim Rickards Senior Managing Director for Market Intelligence at Omnis, Inc. and ITM Trading President Craig Griffin. The interview describes how Mr. Rickards view of gold at $7,000 per ounce is possible. [soundcloud url=”http://api.soundcloud.com/tracks/37285296″ params=”auto_play=false&show_artwork=false&color=ff7700″ width=”100%” height=”100″ iframe=”true” /]

Foreign Countries Circumventing The U.S. Dollar In Favor Of Gold

India and China considering paying for Iranian oil in gold instead of U.S. dollars in order to circumvent the oil embargo. This could severely hurt the sanctions that the US and Europe are imposing in an attempt to shut down the Iranian nuclear program. Circumventing the dollar is also not good for the value of the dollar.

The Economic Situation Worldwide

The economic situation is discussed by Lakshman Achuthan, Managing Director of ECRI, interviewed on CNBC on the current economic worldwide condition. He says to look for more recessions more often due to current trends in the market. He also says that we are no longer in recovery mode as we examine the economic situation.

Rick Santelli Interviews Frank Lesh About Gold ETF’s, And Points Out The Weaknesses Of The Funds

[youtube width=”560″ height=”315″]https://www.youtube.com/watch?v=3N2sOWP1UCg[/youtube] “If the financial world comes to an end, (you’ll) have the gold, well, if you are playing the ETF’s, you’re gonna have a piece of paper!” – Rick Santelli of CNBC “Well, yeah, all of this is true because you’re not going to be able to get at that gold in a crisis.” – Frank Lesh of FuturePath

Peter Schiff On Soros Meeting And The World Reserve Currency

The World Reserve Currency is on Peter Schiff’s mind as he comments on the Soros meeting at Bretton Woods and that the problem is that the U.S. dollar is the world’s reserve currency and that we have been abusing this status. Peter states that interest rates worldwide are too low and that the U.S. can only run these huge deficits because it has the status of World Reserve Currency.

U.S. Dollar Is Losing Status As World’s Reserve Currency

The U.S. dollar is losing status, says Peter Schiff on CNBC saying that Americans need to prepare for a dollar collapse as the U.S. dollar’s status as the world’s reserve currency slowly evaporates. He believes that we are going to see a lot of inflation here in the U.S. as the dollars that we printed come home and present us with a U.S. dollar that is much less valuable.