Kitco News gets the first exclusive interview with bestselling author Jim Rickards about his new book The Death of Money, due for release April 8. “If you really want to know one big idea what the book is really about, it’s about the collapse of the international monetary system,” Rickards says.
“And that’s not meant to be a provocative statement — the international monetary system has actually collapsed three times in the past 100 years…so these things do happen, I’m just trying to prepare the reader for first of all, the fact that that it’s coming and secondly, as an investor, what you can do now to protect yourself.” Rickards comments on the imminent threat of financial warfare on the US economy. “Well, not only is the US at risk, we’re actually in several financial wars right now.” Looking over at gold, Rickards thinks central bankers do look at gold and operate in the market to suppress the price of gold. “What the Fed wants is higher inflation and they’ve said this — Janet Yellen said it the other day in her press conference,” he says. When the price of gold rises in an ‘orderly’ way, it increases inflationary expectations, which helps the Fed, Rickards adds. He also comments on China’s gold purchases, Germany’s gold repatriation and finally the London gold fix manipulation.Help us spread the ANTIDOTE to corporate propaganda.
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