Gold Reset to $10,000/oz Coming “By January 1, 2018” – Rickards

The comments above & below is an edited and abridged synopsis of an article by Jan Skoyles

A new monetary standard is coming that will see the dollar reboot and gold be revalued to $10,000 an ounce, according to best-selling author and Pentagon Gold Reset to $10,000/oz Coming “By January 1, 2018” - Rickards | BullionBuzzinsider Jim Rickards. Some highlights from the article:

– Trump could be planning a radical reboot of the US dollar.

– The currency reboot will see leading nations devalue their currencies against gold.

– The new gold price would be nearly 8 times higher at $10,000 per ounce.

– The price will be based on mass exit of foreign governments and investors from the US dollar.

– Total US debt is now over $80 trillion – $20 trillion national debt and $60 trillion consumer debt.

– Monetary reboots or currency devaluations are seen frequently, even in modern history.

– Buy gold and silver coins, including monster boxes and gold bars.

– Have a 10% allocation to gold, and a smaller allocation to silver.

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This Post Has 2 Comments

  1. Dave

    It Makes no sense to just allocate 10% to Gold (and even less to Silver) even if only a fraction of Jim’s statement is true then more should be allocated. Jim has always maintained the 10% allocation, I don’t understand this small percentage.

    If Gold goes to $10000 an ounce in such a short time then no one will buy it and if pm’s drop too low then then no one is selling. It seems to me if the fundamental are true (which I think are) then I believe a greater allocation should be awarded to physical acquisition.

  2. Tommie McGowan

    I agree with Dave. If the transfer of wealth is going to be as large as the pundits say it is going to be , why would I just allocate 10%.

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