bigrus

Road to $23,000 GOLD ‘Will Get There’, Says James Rickards

Harry November 15, 2024

In a recent interview Commodity Culture YouTube channel, famous economist and author James Rickards He made a bold prediction about gold’s future: its potential to rise to $23,000 per ounce.

“It will get there,” Rickards said confidently, outlining the reasoning behind the bold prediction. He emphasized the increasing fragility of the global financial system, drawing attention to factors such as excessive debt, geopolitical tensions and the potential for recession.

A Revival of the Gold Standard?

Rickards’ analysis is based on the concept of a potential return to the gold standard. He argues that a significant devaluation of the US dollar could trigger a flight to safety and drive investors to gold as a tangible asset.

“If you had to turn to gold to restore trust, you couldn’t just pick one number,” Rickards explained. “The math is pretty simple. Take M1, take 40% of M1, that’s the dollar amount of gold you need to have a strong gold standard, divide by the number of ounces in 8,133 metric tons and you get a number. And that’s the number today.” Around $23,000.”

Warning to Investors

While Rickards’ prediction was undoubtedly eye-catching, he also warned investors about the risks of potential market crashes triggered by AI-driven trading algorithms. He warned that these algorithms could increase market volatility and lead to significant losses.

“You combine human nature that is prone to panic with automation that acts as an accelerator, an amplifier,” Rickards said. “And if you put the two together, you get something that looks more like a flash crash.”

Rickards’ predictions sparked significant debate among investors and analysts. While some are skeptical of his bold predictions, others see his analysis as a timely warning about potential risks facing the global economy.

Watch the full interview:

Featured Gold and Silver Investment Companies (Advert)

“Best Overall” by Money Magazine, Award-Winning for 6 Years, Thousands of 5-Star Rankings

Expand Details

Known for its exceptional customer service and commitment to transparency, Augusta Precious Metals has won numerous awards, including “Best Overall” from Money magazine and “Most Transparent” from Investopedia. The company’s dedication to educating and supporting its customers has earned it top ratings from organizations such as A+ from the BBB and AAA from the BCA.

Industry leader with over 2 Billion Dollars of gold and silver. Top rated precious metals company with buyback guarantee

Expand Details

From precious metals to direct purchases of gold and silver, Goldco has helped thousands of Americans accumulate over $2 billion in gold and silver. Best precious metals company rated a+ by better business bureau rated triple a by business consumer alliance earned over 6000 5 star customer ratings Money.Com 2024 best customer service 2024 inc. 5000 regionals: pacific 17th place 2024 gold stevie award, fastest growing company inc. 5000 award winners, 8+ years

Inch. Ranked #1 in 5000, American Hartford Gold has thousands of A+ BBB ratings and 5-star reviews, endorsed by Bill O’Reilly and Rick Harrison.

Expand Details

American Hartford Gold helps individuals and families diversify and protect their wealth with sales of over $2 billion in precious metals. Its team of experts provides investors with the latest market information and a historical perspective, enabling informed decisions to be made. Trusted by public figures and praised for exceptional customer service, the company offers competitive prices on premium gold and silver coins, backed by a 100% customer satisfaction guarantee

This article is for informational purposes only. The opinions and analyzes contained herein are those of the author and do not constitute financial advice. Jerusalem Post (JPost.com) does not endorse or recommend any investment based on this information. Investors should consider their financial situation, investment objectives, and risk tolerance before making any decisions. It is recommended that you consult a qualified financial advisor. JPost.com is not responsible for any investment losses resulting from the use of this information. The information provided is for educational purposes only and should not be considered trading or investment advice.

Semainede4jours

Semainede4jours