The Phaserl


Jim Rickards: Money Printing Will Destroy Confidence At Some Point

from Gold Silver Worlds:

In a recent online presentation organized by bullion service provider GoldCore, Jim Rickards explained the current economic environment and what it means to gold investors. His main premise is that central bank intervention is very destructive in the long term and that there is no economic recovery. Gold investors should keep part of their wealth in physical form, not as an investment, but rather as wealth protection.

Jim Rickards on deflation and the risk of collapse:

The system is now larger than 2008 — make the system bigger and you’re going to have a bigger collapse. We are further down the timeline.

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