TIP 082 : Jim Rickards - The New Case for Gold (Investing Podcast)

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

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 17 April 2016

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN: Why the price of gold perhaps should be between $10,000-$45,000. If gold created the great depression. In which market conditions gold do well. Why investors might think they own gold, but in reality don’t. How and where to store your physical gold. 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. Jim Rickards’ book: The Death of Money – Read reviews of this book. Sharon McGrayne’s book: The Theory that Wouldn’t Die – 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. Neil Johnson’s book: Simply Complexity – Read reviews of this book. Daniel Kahneman’s book: Thinking Fast and Slow – 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! 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Transcript

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0:00.0	We started Billioness and this is episode 82 of the Investors Podcast.
0:04.8	Broadcasting from Bel Air, Maryland.
0:08.3	This is the Investors Podcast.
0:12.0	They'll read the books and summarize the lessons.
0:16.3	They'll test the waters, tell you what it's called.
0:19.3	They'll give you actionable investing strategies.
0:22.6	Your host, Preston Pish and Stake Broderson.
0:26.2	Hey, how's everybody doing out there?
0:30.6	This is Preston Pish and I'm your host for the Investors Podcast and it's usually
0:33.9	one of the company by my co-host, Stake Broderson, out in Denmark.
0:37.5	On today's show, we're having new, out-time, special, and well-renowned economist Jim
0:42.4	Rickerts on.
0:43.7	This is the second part interview and the main topic of this episode is Jim's new book,
0:48.3	The New Case for Gold.
0:49.9	So let's just jump right back into the interview and continue where we left off.
0:55.6	One of the main ideas you talk about in the book is how the US came off the gold standard
0:59.8	in 1933 and it helped stop the deflationary spiral that we were in with the Great Depression.
1:05.4	This time around, you suggest that if the US would create a dollar peg among other things,
1:11.0	but to create a dollar peg to gold at a higher price, say, $10,000, it would potentially
1:16.4	create the inflation across all the other asset classes due to the enormous evaluation
1:20.6	of the dollar.
1:21.6	Although I would agree this would have an impact, I think that the situation we're in today
	...

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