THE GOLD CHRONICLES
with James Rickards and Alex Stanczyk
Cyber financial warfare is a new factor that did not exist in 1980
Fed balance sheet has a foundation of marked to market gold
The Fed has a gold certificate issued to it by Treasury that is valued at the entire US Treasury gold position calculated at $42.20 per ounce
Audio version of the new book read by Jim will be available on Amazon
Expecting gold price to rise in all currencies
Major central banks are acquiring gold, which will be the chips at the poker table when the monetary system is re-negotiated. Japan, UK, Australia will rely on the US position
The non-deflationary price of gold under a new gold standard would be $10,000 per ounce or higher
Expecting near zero interest rates for an extended period of time
Windfall tax on gold would require an act of Congress – no expectation this is likely, if it happened there would be plenty of advance warning and time to reposition a portfolio
You can follow Alex Stanczyk on Twitter @alexstanczyk
You can follow Jim Rickards on Twitter @JamesGRickards
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