Wall St For Main St

James Rickards: Global Financial System Needs Golden Anchor?

Informações:

Sinopsis

Jason Burack of Wall St for Main St interviewed returning guest, best selling author and Chief Global Strategist at the West Shore Funds, Editor of Strategic Intelligence, a monthly newsletter, and Director of The James Rickards Project, an inquiry into the complex dynamics of geopolitics + global capital, James Rickards. http://www.jamesrickardsproject.com/During this 30+ minute interview, Jason first asks Jim why do you think so many people on Wall St don't understand or hate gold? Jim says there's been over 40 years of conditioning, brainwashing, etc in schools in the US that's anti-gold and that people in other countries understand gold's role in a diversified investment portfolio far better. Jason and Jim discuss Warren Buffett's view on gold and the erroneous view that gold caused the Great Depression of 1929. Jim says that gold is money and doesn't need a yield. Next, Jason asks Jim why Russia and China are accumulating so much physical gold? Jim says China is doing it to hedge its paper US Treasury ho