Loading ...Goldfinger
Last night, Jim Rickards streamed a live video from Switzerland. Accompanying him was someone closely connected to the gold industry. He wouldn’t reveal the name and referred to him as “Goldfinger.”
The come-on: Gold is about to go to 10,000 per ounce. Why? Because the Chinese will see that a floor is in and will begin buying in earnest. Goldfinger said that gold will rise tomorrow (that’s today) because the Fed would not raise rates. He then surmised that the Chinese will increase their buying, perhaps even right away.
Rickards is publishing a new newsletter … for $1750. It will recommend “Gold Penny” stocks–the only way to leverage and profit from the coming rise in gold.
Fortunately, many of us here already have our Spock Rocks and Rambus Picks, at nowhere near the price of this newsletter.
The followup emails from Angora Publishing say that Rickards reveals China’s secret agenda to amass gold … and why the U.S. is giving it the green light.
All of the above is in the FWIW department.
I have the subscription to his Agora NL…. I will keep you posted, but we are way ahead of the game here already
Thanks Cedarwood…Goldfinger ?
Here we go again with the $10,000 an ounce stuff.
But hey….the more drama the better
🙂
Rickards in his book said don’t buy the juniors and now he’s selling an expensive subscription service for juniors. Nothing wrong with making money but that is a complete 180 from his book.
I’ve heard him talk about Gold & PM’s and frankly, his knowledge is pretty limited.
He’s basically a dollar collapse, system collapse, fear mongering type. He uses his background, which is likely extremely inflated to give credibility to his extreme claims and predictions.
Correct, he did say no need to buy them and now. But I guess price action draws everyone eventually.
Every newsletter group needs its disaster guy. Jim is Agora’s designated. He is pretty smart though as I have seen him as pure brainpower on the economics front. What I don’t get about Jim is all the cheesy promotion they do on him with the selfies in front of the Pentagon etc. He doesn’t need that.
Anyway the juniors I suppose are the regular stock market equivalent to the “Cats & Dogs” that get going in stage III of a bull market. So yes, your aunt Milda will eventually want to cash in here bonds to put them all in Amalgamated Mose Pasture someday when things really get going.
The small explorers will eventually take off, as they have in the past, but it will not be for some time.
IMO it is best to take positions in small explorers now that have some cash and/or in JVs with some of the majors and sit for 1-2 years.
The AUS mid tier miners are getting expensive (unless gold seriously takes off – maybe next year) so I am picking up some good explorers that will still be around when the taxi driver starts telling you to buy gold!