TIP 081: Jim Rickards - China, Banking, & The New Case for Gold (Part 1 of 2)

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Business, Education, Investing

4.6 • 3.6K Ratings

🗓️ 10 April 2016

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN: How Jim Rickards felt when he was the principal negotiator for Long Term Capital Management that collapsed in 1998 and lost $4 Billion dollars. Why the current banking situation is worse today than in 2008. Why China is the biggest buyer of gold in the world and why it’s a hedge against US inflation. Why you may want to hold 10% gold in your portfolio. If billionaire Kyle Bass made a mistake by shorting the Chinese Currency. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Jim Rickards’ book: The New Case for Gold – Read reviews of this book. Jim Rickards’ website. Jim Rickards’ book: Currency Wars – Read reviews of this book. Roger Lowenstein’s book: When Genius Failed – Read reviews of this book. Nassim Taleb’s book: The Black Swan – Read reviews of this book. Related episode: Jim Rickards (Part I) Central banking, taxes, and crypto - TIP190. Related episode: Jim Rickards (Part II) AI, Global finance, and crypto - TIP191. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: ⁠HardBlock⁠ ⁠Human Rights Foundation⁠ ⁠Plus500⁠ ⁠Netsuite⁠ ⁠Shopify⁠ ⁠Vanta⁠ HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! 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Transcript

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0:00.0	We study billionaires and this is episode 81 of the Investors Podcast.
0:04.6	Broadcasting from Bel Air, Maryland.
0:07.9	This is the Investors Podcast.
0:12.0	They'll read the books and summarize the lessons.
0:16.1	Don't test the waters.
0:17.6	Tell you what it's called.
0:19.1	They'll give you actionable investing strategies.
0:22.5	Your host Preston Pish and Sting Broderson.
0:26.0	Hey, hey, hey.
0:28.8	How's everybody doing out there?
0:29.9	This is Preston Pish and I'm your host for the Investors Podcast.
0:33.0	As usual, I'm accompanied by my co-host Sting Broderson,
0:35.6	Alton Denmark, and I'll tell you what folks,
0:37.6	we have waited a really, really long time
0:40.9	to get this guest on the show.
0:42.9	And we are thrilled, absolutely thrilled to invite
0:46.3	a Jim Rickards on to our show for the Investors Podcast.
0:49.0	So Jim, thank you so much for coming on our show.
0:51.6	We were beaten up Trace Canippa to have you come on our show
0:54.6	for the longest time and I'm sure Trace sent you a message.
0:58.6	We're so excited to have you here to talk about your new book
1:01.3	and all the stuff that you've been working on.
	...

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