Wednesday, November 25, 2020

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

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

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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”