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Author Topic: Jim Rickards: Is now the right time to invest in gold?  (Read 1134 times)
allthingsluxury
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November 03, 2016, 01:41:48 PM
 #1


Jim Rickards expects the currency wars to continue for at least another ten years. UNLESS the fiat system collapses underneath its own weight before that time. He sees gold as one of the only safe havens in this eventual collapse. The gold is moving into hands that won't be letting go anytime soon and the market is becoming increasingly less liquid.


Click here to watch this video:

http://jimrickards.blogspot.ca/2016/11/jim-rickards-is-now-right-time-to.html


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December 30, 2016, 05:21:29 PM
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It is not the right time to invest it in gold .i would rather suggest to invest it in bitcoins .as the price of bitcoins is low, u can buy them a lot .and gain a lot of profit through it afterwards.

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December 30, 2016, 06:57:06 PM
 #3

...

Jim Rickards is a smart man who has written a few books in recent years re gold and what The Elite may be up to.  He suggests that anyone with savings devote up to 10% to owning physical gold.

Re "the right time" to buy gold, my view is that almost NO ONE can predict the future with any accuracy, so anytime is a good time to buy some gold.  Buy some gold.  There is no need (in fact unwise) to be at or go All Inn (buying or holding only gold), one can purchase gold in small amounts through time.

Gold and Bitcoin are two smart and diverse ways to hold some wealth.
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December 31, 2016, 01:17:39 AM
 #4

...

Jim Rickards is a smart man who has written a few books in recent years re gold and what The Elite may be up to.  He suggests that anyone with savings devote up to 10% to owning physical gold.

Re "the right time" to buy gold, my view is that almost NO ONE can predict the future with any accuracy, so anytime is a good time to buy some gold.  Buy some gold.  There is no need (in fact unwise) to be at or go All Inn (buying or holding only gold), one can purchase gold in small amounts through time.

Gold and Bitcoin are two smart and diverse ways to hold some wealth.

Quite right - no one knows.

But I would say with the rising rate environment, short term gold is going lower. How low and for how long is anyone's guess but the assumption is that long term gold is going much much higher.

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December 31, 2016, 05:25:03 AM
 #5

...

Jim Rickards is a smart man who has written a few books in recent years re gold and what The Elite may be up to.  He suggests that anyone with savings devote up to 10% to owning physical gold.

Re "the right time" to buy gold, my view is that almost NO ONE can predict the future with any accuracy, so anytime is a good time to buy some gold.  Buy some gold.  There is no need (in fact unwise) to be at or go All Inn (buying or holding only gold), one can purchase gold in small amounts through time.

Gold and Bitcoin are two smart and diverse ways to hold some wealth.

Quite right - no one knows.

But I would say with the rising rate environment, short term gold is going lower. How low and for how long is anyone's guess but the assumption is that long term gold is going much much higher.


Very right. Gold may be a good investment, but it's not a guarantee that he's right. Everything is unknown, the future is unpredictable. I believe in bitcoin, in the long run, bitcoin investment space is greater.
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December 31, 2016, 05:33:57 AM
 #6


Jim Rickards expects the currency wars to continue for at least another ten years. UNLESS the fiat system collapses underneath its own weight before that time. He sees gold as one of the only safe havens in this eventual collapse. The gold is moving into hands that won't be letting go anytime soon and the market is becoming increasingly less liquid.


Click here to watch this video:

http://jimrickards.blogspot.ca/2016/11/jim-rickards-is-now-right-time-to.html


I don't think if this is the right time,The Bitcoin price is now booming to the market so I preferred to stored my in Bitcoin for now but I planning to invest in gold but not now.
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December 31, 2016, 06:30:38 AM
 #7

gold already exist long time ago before bitcoin was created but indeed for some people prefer investing their money by buying gold because gold as traditional comodity was established since hundreds of years ago but since bitcoin more popular gold has been found the rival because currently people start to thinking of investing bitcoin instead gold however i would following the trend that to investing my money to bitcoin even Jim Rickards say that this is the right time to invest gold

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December 31, 2016, 07:35:00 AM
 #8

...

Jim Rickards is a smart man who has written a few books in recent years re gold and what The Elite may be up to.  He suggests that anyone with savings devote up to 10% to owning physical gold.

Re "the right time" to buy gold, my view is that almost NO ONE can predict the future with any accuracy, so anytime is a good time to buy some gold.  Buy some gold.  There is no need (in fact unwise) to be at or go All Inn (buying or holding only gold), one can purchase gold in small amounts through time.

Gold and Bitcoin are two smart and diverse ways to hold some wealth.

Physical assets like real estate would retain their worth (and appreciate in fiat terms) if the currency system collapses.
If we fear a fiat meltdown, we should reduce the contribution of debt in our portfolio.

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December 31, 2016, 08:25:10 AM
 #9

Physical assets like real estate would retain their worth (and appreciate in fiat terms) if the currency system collapses.

This is completely wrong.  Real estate prices are entirely a function of the debt markets.  If cost is stretched out over 30 year loans, it sends the price to the moon.  When the debt/credit markets freeze and you have no 30 year loans, the prices collapse to nothingness.

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tabnloz
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December 31, 2016, 11:31:01 AM
 #10

Physical assets like real estate would retain their worth (and appreciate in fiat terms) if the currency system collapses.

This is completely wrong.  Real estate prices are entirely a function of the debt markets.  If cost is stretched out over 30 year loans, it sends the price to the moon.  When the debt/credit markets freeze and you have no 30 year loans, the prices collapse to nothingness.


And not just debt - historically cheap debt. The only way to reflate that market, along with a big dose of currency wars / capital flight
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December 31, 2016, 11:55:45 AM
 #11


Jim Rickards expects the currency wars to continue for at least another ten years. UNLESS the fiat system collapses underneath its own weight before that time. He sees gold as one of the only safe havens in this eventual collapse. The gold is moving into hands that won't be letting go anytime soon and the market is becoming increasingly less liquid.


Click here to watch this video:

http://jimrickards.blogspot.ca/2016/11/jim-rickards-is-now-right-time-to.html


I don't think if this is the right time,The Bitcoin price is now booming to the market so I preferred to stored my in Bitcoin for now but I planning to invest in gold but not now.

I think it's time that we should consider gold. Yes it is true that bitcoins industry is booming but an urgent issue is threatening bitcoin towards bankruptcy and meltdown. The possible existence of fiat virtual currency is already in motion several meetings were conducted and soon upon its implementation it will simply replace bitcoin, hence it is time to invest in gold.
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December 31, 2016, 03:00:52 PM
 #12

It will be better to invest in bitcoin, gold is a good investment but the price movement is slow, but for the one that doesn't know bitcoin then they will choose gold and the economics expert predict there will be decreasing of dollar rate to the global crisis, so maybe putting some of your money into gold will be great for long term investment


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March 11, 2017, 04:15:55 PM
 #13

Today is a great choice where to invest the money earned. But consider all the pros and cons, calculate all possible risks and you will see that gold is an investment that requires a minimum of time, work and knowledge. Of course luring prospect of income, such as rent for an apartment or favorable currency transactions, but not so easy, do not think that you have enough basic knowledge about work exchanges or internet, it requires good control not only investments, but also themselves. Many people will profit first and think that everything goes on by itself. In the apartment as required from time to invest. Thus, gold is an option for people who want to just save the money earned.
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March 11, 2017, 04:21:14 PM
 #14

No! Let us all move away from stupid precious metals! They do nothing in all honesty, they are just shiny and people put value on them for no good reason at all but because it is shiny! Invest into the future not the past, the past is behind us and it will not be the thing of the future. No point in buying gold really.
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March 11, 2017, 05:14:12 PM
 #15

Got to love Rickards , he credits the impossible as possible with suggestions like Trump in the election will be very close.   He was right there but wrong in expecting gold to rise, it only did that initially.

There is no exact point to buy gold, as gold is not immediately usable as currency you have to consider if you are always able to pay all bills.   As every part of the economy is concerned with this  bill payment and gold is not part of this constant demand it can give unexpected results.
I would say now is a good time to slowly transition to gold but he says 10% of assets for a reason, because of this potential logjam to gold worth where it happens all at once.   If you are stuck waiting for gold to rise and it doesnt then you are in a fix but its proven over many years to at least hold its worth and the direction of price is upwards.  

I do not think we are in a period like the 80's to 2000 where gold goes sideways and its not best to hold.   We should see accumulation in price and also its use generally but its a very slow time coming, maybe just as long it will also be 20 years from start to finish.    That would make the timetable for gold to be obviously rated usable as 2021?     At that point you have the purchasing power to buy housing etc, usable assets


Quote
people put value on them for no good reason at all but because it is shiny!

Not true, forget money and politics for a minute.   Ask a chemist on his values for gold, ask him to describe that in comparison to all other alternatives.   IF you can take a scientific point of view and relate to supply and demand it could be worthwhile.  Reducing gold to just a bright colour is not a fair or considered argument, its profitable to consider all views

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March 11, 2017, 05:30:50 PM
 #16

No! Let us all move away from stupid precious metals! They do nothing in all honesty, they are just shiny and people put value on them for no good reason at all but because it is shiny! Invest into the future not the past, the past is behind us and it will not be the thing of the future. No point in buying gold really.
Actually gold have its value because even a layman can buy/save or can make Jewellery out of gold. And as marketcap for gold is pretty high, its price is more stable and constantly rising over time thats why it is still a favorite assets for many people to hedge against financial crisis and safe investment opportunity.

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March 11, 2017, 05:32:07 PM
 #17

Gold is Gold, whether we like it or not Gold will remain a good investment specially for those who intends to invest long term. Everyone has Gold, some may not have notice it that they have Gold even in small amount but for Bitcoin, you need to be online to be able to get one and spend one. However, Bitcoin has it's own characteristics that Gold doesn't have. Having one of those is good, much better if you have both.

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March 20, 2017, 12:55:50 PM
 #18

No one can give an accurate prediction. Gold has always been priced, but for long-term investment. Bitcoin can still be used for short-term investments. You just need to choose the right moment of purchase - sale.
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March 20, 2017, 01:03:24 PM
 #19

I would say to buy into gold bitcoin. Wink
Physical bitcoins are a hot commodity and it has added value if laced in 99.9% gold.
Making it more valuable in your control is having the option to load it with what amount of bitcoin you want it to have it worth.
Truly the modifiable currency based solely on your needs of what you want it to be. Grin

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March 20, 2017, 02:23:11 PM
 #20

Do you mean physical gold coins with a bitcoin paper wallet inside them ?    I guess this is a good thing if it means people are more willing to diversify into gold as well as bitcoin.   In a decade or so it will be interesting to see if the gold is worth more then the code's original contents.
So far bitcoin has been gold since those coins were first made, the gold bugs will say that in the end gold will be value that is highest as it is more durable. 

  My reckoning between the two, bitcoin is not something you should hold forever, its meant to be traded and made useful; where as a gold coin can be held from young age till you retire and serve a purpose in value

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