This episode is the first of a two part interview that Preston and Stig have with New York Times’ best-selling author Jim Rickards. The original plan was to discuss Jim’s new book, The New Case for Gold, which is currently leading three individual Amazon best-selling categories. However, as you will quickly learn, this is only the starting point for the lively conversation with one of the country’s most respected financial experts.

Jim’s first book, Currency Wars, was one of the first books to cover the emerging currency conflict that has occurred since the last economic financial crisis in 2008.  In his book, he projected that by 2015-2016 the United States would be deeply involved in a race to devalue fiat currencies with other competing global economies.  Jim’s new book on Gold is a continuation on the ideas presented in Currency Wars and the Death of Money only this time he demonstrates to the reader why now is the right time to add Gold to your portfolio.

In this episode, you’ll learn: 

  • How Jim Rickards felt when we was the principal negotiator for Long Term Capital Management that collapsed in 1998 and lost $4 Billion dollars
  • Why the current banking situation is worse today than in 2008
  • Why China is the biggest buyer of gold in the world, and why it’s a hedge against US inflation.
  • Why you may want to hold 10% gold in your portfolio
  • If billionaire Kyle Bass made a mistake by shorting the Chinese Currency

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BOOKS AND RESOURCES

Jim Rickards’ book: The New Case for Gold – Read reviews of this book
Jim Rickards’ website
Jim Rickards’ Twitter account
Jim Rickards’ book: Currency Wars – Read reviews of this book
Roger Lowenstein’s book: When Genius Failed – Read reviews of this book
Nassim Taleb’s book: The Black Swan – Read reviews of this book

VIDEOS THAT SUPPORT THIS PODCAST

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2018-04-26T04:04:15+00:00

3 Comments

  1. Kiwi
    Kiwi April 9, 2016 at 9:48 pm - Reply

    Is there an RSS feed for this podcast? I just want a simple RSS feed.

  2. Jonathan
    Jonathan April 14, 2016 at 12:38 pm - Reply

    So from 2003 to 2013 I was heavily invested in gold and met many of the personalities in the gold world. I learnt by the end that almost without exception they are gold bug but none identify as such. A good sign is that they will only present one side of their thesis and never give any concession to the counter arguments. Jim Rickards is a classic example. Loads of anecdotes, always focussing on the macro negatives but I ask, do you know of any gold bull that ever sold? Or worse, that didnt add the whole way down /deny the rally in the economy (as meagre as it has been) the whole last several years and look for any market sell off as presaging the next big crash and the ‘need’ for gold?

    I wish I was on that interview as there are so many harder questions, with respect, you could have asked him.

    • Stig
      Stig April 17, 2016 at 6:37 pm - Reply

      Jonathan,

      Thanks for posting this. What I really liked about the book was that Jim presented many counter arguments and answered them. That is not the same as saying that I completely agree with him, but he did include that element, though you might not hear it on the podcast episode that had another focus.

      I’m curious to which questions you would have liked to ask him?

      -Stig

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