Gold Price at $27,533 is Not Some Random Guess Says Currency Wars’ Jim Rickards
Gold Price at $27,533 is Not Some Random Guess Says Currency Wars’ Jim Rickards
Daniela Cambone: 6-3-2024
“If you have to go back to a gold standard, yeah, $27,000 would have to be the [gold] price in order to avoid massive deflation,” says Jim Richards, New York Times bestselling author.
He explains to Daniela Cambone that it’s “more likely” we will return to the gold standard as people lose confidence in fiat currency.
Moreover, as the money supply skyrockets while the supply of gold remains the same, the price of gold is propped up. He also states the danger when Russia reiterates the West by suing Euroclear, the largest clearing, settlement, and custody organization in Europe.
CHAPTERS
00:00 Going back to gold standard
4:18 Likely of going back to gold standard