OK, here's the deal, Jim Rickards, former CIA Forensic Financial Analyst* has looked at current events, the economic and political climate, and the state of "alt-investments" and came up with a pattern. He says TRUMP is setting up to put the U$A back on the Gold Standard VERY SOON! The date is 1-1-2018 which is less than 4 months away!
He states that Trump has the almost unprecedented opportunity to completely refashion the Federal Reserve Board, Obama left open 2 seats, 1 more has announced a retirement, and the Chairman's term expires, along with 2 deputy chairs. There are only 9 seats total, and Trump can stack the board with Gold Bugs :D
It's all in the article, plus more, but Rickards also calculates that using the original Federal Reserve charter formula, backing the U$D in Gold at 40% levels would necessitate rice levels of $10,000/ozT!
TEN GRAND per Troy Ounce!
Here's the link to a video presentation, but you can click off the tab and it will throw up a "read transcript" option.
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image credit: https://goldswitzerland.com/
- a Forensic Financial Analyst studies patterns in equities trading, and in Rickards case, he used this data to predict and even Prevent terrorist attacks. POS's like Osama Bin Laden would sell stock of their intended targets, and buy back at the bottom, making a profit on both sides of the trades. Smart, but it left a money trail that was used against them ;)
DISCLAIMER: I am not associated with Jim Rickards, the linked website or any other folks in the retailing of Gold, Silver, or other equities that may be affected by going back to a Gold Standard. Posted for Informational Purposes ONLY!!!