Gold Videocast: Jim Rickards & Peter Schiff on Gold & Currency Wars (Video)

In his latest Gold Videocast, Peter Schiff meets with Jim Rickards, author of The Death of Money, for an exclusive interview about gold’s role in the international currency wars.

Jim Rickards is Chief Global Strategist at the West Shore Funds, and Director of The James Rickards Project, an inquiry into the complex dynamics of geopolitics + global capital. In The Death of Money, Rickards shows why another monetary system collapse is rapidly approaching – and why this time, nothing less than the institution of money itself is at risk. Fortunately, it’s not too late to prepare for the coming death of money. Rickards explains the power of converting unreliable money into real wealth, such as gold and other long-term stores of value.

0:28 – A review of the most recent developments in the international currency war and why the US is unfortunately going to “win.”

1:43 – Countries with the biggest dollar reserves are building up gold reserves in preparation for a currency crisis.

2:15 – China’s officially reported gold holdings are probably false. Rickards leads Peter through his reasoning that China’s gold holdings are likely 4-5 times greater than official reports!

4:00 – If China told the truth about how much gold they really have, the dollar would collapse and gold would skyrocket. They don’t want this to happen before they’ve bought as much gold as they feel they need.

5:11 – Why has Germany seemingly changed its mind about repatriating its gold?

6:49 – Basically, the Fed has “leased” the same gold over and over again.

7:12 – Rickards explains why gold dropped in 2013 and why it was a one-time event.

8:10 – At some point, US Treasuries can no longer be the safe haven for investors.

8:30 – Rickards addresses the problems surrounding the London Gold Fix and how the gold market is moving to the East. Shanghai is rewriting the rules of the gold market.

10:01 – Rickards explains how the next liquidity crisis will play out, with the collapse of central banks, as well as sovereign nations.

11:17 – When you have a currency crisis, it’s the paper wealth that evaporates. Rickards explains how Warren Buffet is preparing for exactly this endgame – by dumping paper money and buying hard assets.

Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffBlog
Interested in learning about the best ways to buy gold and silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!

This entry was posted in Featured, Interviews, Videos. Bookmark the permalink.

18 Responses to Gold Videocast: Jim Rickards & Peter Schiff on Gold & Currency Wars (Video)

  1. Pingback: Gold Videocast: Jim Rickards & Peter Schiff on Gold & Currency Wars

  2. Robert Hoffman says:

    I conclude from your comments that “GLD” is the wrong place to be because the ETF has little (?) physical gold.

    • admin says:

      Thank you for following the blog, Robert. You are correct. We recommend personal holdings of physical precious metals, not “paper gold” investments. If you’d like to discuss this in more detail, please don’t hesitate to call us at 1-888-GOLD-160.

  3. DMP says:

    I am told to buy gold because fiat money will die.
    I buy gold with that fiat money.
    Why does the seller accept fiat money for real money?

    • admin says:

      Thank you for following Peter’s blog. This is an excellent question that comes up fairly often. The answer is that it is impossible in the current legal regime to run a large business using precious metals. We use dollars for cash flow, but Peter invests much of his profits into precious metals.

  4. Lou says:

    Say, the mic volume of Peter is 3 times the mic volume of Jim. It makes it hard to listen to this interview. Or speak softly Peter.

    • admin says:

      Thank you very much for the feedback, Lou. We have passed along the critique to the videographer and will strive to improve the quality of videos like this going forward.

    • brian says:

      Its really because Peter drinks more coffee in 30 minutes than most of us drink in 3 months, it makes him talk louder. Thats probably also why he thinks so quickly and so far into the future also. I confess though, I have no idea how the physics behind this works

  5. Joe Linenbrink says:

    When petter speaks on gold,econnomy,currency collapse,and the like,I feel somewhat uncomfortable.Uncomfortable because I have no gold.I do however have some silver,but Petter rarely if ever mentions silver.Everytime I hear of dollar collaps I hear you should invest in gold,not gold and silver but simply gold,Should one assume that silver (and gold along with other metals is what Petter is saying or should I starrt saving for much longer periods of time and invest those savings in gold assuming we have thst much time.These comments were written by one of the poorest people I know,Me!

    • admin says:

      Thank you taking the time to comment, Joe. Your question is a very good one. Peter definitely recommends having a diverse precious metals portfolio that includes both gold and silver. We highly recommend reading Peter’s special report on silver, which you can download for free here:

      Even if you don’t have the funds to invest in gold at this time, it might be wise to start saving towards that goal. One of our Precious Metals Specialists would be happy to chat with you about your options at 1-888-GOLD-160. Or, you can ask one of them to call you at a convenient time by clicking on the “Request a Callback” button in the right sidebar.

  6. Ron Fyffe says:

    I think that when i us to fly airplanes for a living, the ppl that got “on board’ expected the pilot to know what he was doing.. would the pilot not be concerned with the fact if the plane went down would he??/ dah.. these guys are putting there lives on the line as well…hello/

  7. Kerry says:

    Peter always talks loud, probably just his natural voice tone or because of all the shouting he does on CNN. However he wasn’t on CNN this time and when you are with some like Jim Ricards please listen and don’t talk so much Peter!
    Now how about an interview with some one like Martin Armstrong for some contrarian perspective!

  8. Anderson says:

    Jim Rickards has no proof whatsoever that the US still holds 8000 tonnes of gold.

    No audit of US gold reserves have been permitted for over 50 years.

    The gold, or at least most of it, is gone.

    Let’s not fool ourselves about this.

  9. dslarsen says:

    “Buffet’s getting into hard assets, investors should do the same.”

    That’s the takeaway here folks.

    A note to the “volume” people: I didn’t notice a difference in volume between Jim and Peter, for what it’s worth.

  10. mike says:

    but nobody talks about deflation that maybe could come before hyperinflation , nobody is saying anyting about why the price of gold is still so low compare with what other people expect to go up to maybe 10000 usd/onch

  11. Jim Moriarity says:

    I am a believer in gold and silver as money. I also believe that they will have their day to “shine”. However the problem exists that the central bankers have created the system by which the can manipulate everything. They figured out a way to turn everything into paper assets that they can print at will. Including hard assets like precious metals and real estate. It should be illegal to short sell…they should do away with futures contracts and options. One should not be able to sell something one does not have possession of. The bond, stock, futures, options and commodities markets are the fractional reserve banking system on steroids. They come in and sell the futures down hard…come back in and buy it back gradually so not to arouse any suspicion, before they have to take delivery. All this with not one bit of ownership. Supposedly they are supplying the liquidity we are told. HOGWASH!

  12. Mary says:

    I haven’t tried to listen to it yet, but I have a severe hearing loss and sure would appreciate your posting a transcript.

    • admin says:

      We apologize for the tardy response, Mary. Please stay tuned to our blog. We will be implementing text transcripts of our recent videos in the coming weeks.