Sunday, August 9, 2020

Jim Rickards and Peter Schiff both see $15,000 gold as a possibility


This Kitco interview from July 31, 2020, has a couple of the best guys to listen about gold.  Gold just hits its all time high in dollars, though it's still a bit below the inflation adjusted high from  2011.  Is gold a bubble about to pop?  Or does it have room to run as the dollar get devalued?  Both of these guys see gold likely going much higher in the next few years, and see $15,000 and ounce gold by 2025 a serious possibility.  

Part 2 of this interview

Part 3 of this interview 

Peter Schiff, who's been predicting the collapse of the dollar for 15 or 20 years or more, takes over at the end of part 3 of the interview, and doesn't let Jim finish explaining his idea on the "velocity of money," which is an important concept to understand right now.  So here's a quick video of Jim Rickards explaining the idea.


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