Jim Rickards was interviewed on RT’s Boom Bust about the impending death of the US dollar. It could happen tomorrow or in several years, but Rickards is convinced that the world is ready to leave the dollar behind and move on to a more stable form of money.
“Russia is ready to turn their back on the dollar… China, we know, is buying gold, thousands of tons of gold… Iran has been importing gold from Turkey. Look around the world, a lot of people are ready to turn their back on the dollar. They haven’t done it yet, but when the confidence is lost it can be lost very quickly. Investors need to be prepared for that.”
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