The Federal Reserve has undoubtedly expanded the Fed balance sheet to record levels through printing trillions of dollars during the pandemic, but the full effects are still unknown. Today’s guest says the pandemic has created a multi-generational shift in the economy and he believes the pandemic is not going away anytime soon. As a result, he’s making a prediction for gold to hit 15k by 2025.
Listen as James Rickards, former national security advisor for the Pentagon and the CIA, gives his insights and predictions for the following topics:
▪ What does the rising price of gold mean?
▪ Why is Buffett selling bank shares and buying Barrick gold?
▪ What’s the difference between bonds and gold?
▪ Inflation vs. deflation; the velocity of money
Hosts Robert and Kim Kiyosaki and guest James Rickards discuss the current state of the global economy and why he believes we are headed for a major global financial crisis in the near future that will be greater than 2008.
Follow Jim on Twitter @jamesGrickards
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Watch Jim’s YouTube Channel: The James Rickards Project
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