“Time To Position In Gold Is Right Now” says Jim Rickards

by Mark O'Byrne, Gold Core: – “Time to position in gold is right now” – James Rickards – Fed has hit the ‘pause’ button; No more rate hikes for foreseeable future – Fed’s theories “bear no relation to reality” and has “blundered by raising rates” – Growth is weak, inflation is weak, retail sales and real incomes are weak – Tight money, weak economy & stock bubble classic recipe for market crash – Reduce allocations to stocks and reallocate to defensive assets such as gold – “Gold will be the big winner when the Fed suddenly realizes its blunder”

James Rickards, geopolitical and monetary analyst and best selling author of  ‘Currency Wars’, ‘The Death of Money’ and ‘The New Case for Gold’ wrote yesterday in the Daily Reckoning that the “time to position in gold is right now.”

In an timely piece, Rickards points out how the Federal Reserve is behind the curve, has theories that bear no relation to reality” and has “blundered by raising rates.” This is happening at a time when the U.S. economy and stock markets are very vulnerable.

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