Time to position in gold is right now James Rickards

Fed has hit the ‘pause’ button; No more rate hikes for foreseeable future

Fed’s theories bear no relation to reality and has blundered by raising rates

Growth is weak, inflation is weak, retail sales and real incomes are weak

Tight money, weak economy & stock bubble classic recipe for market crash

Reduce allocations to stocks and reallocate to defensiveassets such as gold

Gold will be the big winner when the Fed suddenly realizes its blunder

Gold in USD 10 Years

James Rickards, geopoliticaland monetary analystand best selling author of ‘Currency Wars’, ‘The Death of Money’and‘The New Case for Gold’wrote yesterday in the Daily Reckoning that thetime to position in gold is right now.

In an timelypiece, Rickards points out how the Federal Reserve is behind the curve, hastheories that bear no relation to realityand hasblundered by raising rates.This is happening at a time when the U.S. economy and stock markets are very vulnerable.

Rickards warns that growth in the U.S. remains weak, as are inflation, retail sales and real incomes. Tighter money in a weak economy with a stock market bubble is a classic recipe for stock market crash.

After making his case succinctly Jim concludes:

It’s time for investors to go into a defensive crouch by selling stocks and reallocating assets to cash, Treasury notes, gold and gold mining shares.

In particular, gold will be the big winner when the Fed suddenly realizes its blunder and has to pivot quickly to ease, probably by late summer. The time to position in gold is right now.

Jim Rickards

for The Daily Reckoning

News andCommentary

Dollar Falls as Trump Agenda Falters; Gold Climbs (Bloomberg.com)

Gold Prices Aim Higher as Fed Rate Hike Bets Continue to Wilt (DailyFX.com)

Gold steady near highest in over two weeks on weaker dollar (Reuters.com)

U.S. Republicans left scrambling after health bill sinks again (Reuters.com)

Homebuilder Sentiment in U.S. Declines to an Eight-Month Low (Bloomberg.com)

Depository Silver Stocks. Source: Goldchartsrus.com

New U.S. Subprime Boom, Same Old Sins: Auto Defaults Are Soaring (Bloomberg.com)

Financial Repression To See Balanced Portfolio Return Just 1% Annually (HussManFunds.com)

China just had a ‘Black Monday’ (BusinessInsider.com)

JPM seems to have stopped stacking Comex metal (TFMetalsReport.com)

Gold gains new lustre as global threats go (DailyMail.co.uk)

Gold Prices (LBMA AM)

19 Jul: USD 1,239.85, GBP 950.84 & EUR 1,074.83 per ounce

18 Jul: USD 1,237.10, GBP 949.47 & EUR 1,071.82 per ounce

17 Jul: USD 1,229.85, GBP 940.71 & EUR 1,074.03 per ounce

14 Jul: USD 1,218.95, GBP 940.54 & EUR 1,067.92 per ounce

13 Jul: USD 1,221.40, GBP 944.51 & EUR 1,071.05 per ounce

12 Jul: USD 1,219.40, GBP 947.60 & EUR 1,064.29 per ounce

11 Jul: USD 1,211.90, GBP 938.98 & EUR 1,063.68 per ounce

Silver Prices (LBMA)

19 Jul: USD 16.23, GBP 12.44 & EUR 14.08 per ounce

18 Jul: USD 16.17, GBP 12.41 & EUR 13.99 per ounce

17 Jul: USD 16.07, GBP 12.30 & EUR 14.02 per ounce

14 Jul: USD 15.71, GBP 12.11 & EUR 13.76 per ounce

13 Jul: USD 15.95, GBP 12.34 & EUR 14.00 per ounce

12 Jul: USD 15.83, GBP 12.31 & EUR 13.82 per ounce

11 Jul: USD 15.51, GBP 12.02 & EUR 13.61 per ounce

Recent Market Updates

Bloomberg Silver Price Survey Median 12 Month Forecast Of $20

Bigger Systemic Risk Now Than 2008 Bank of England

Financial Crisis Coming By End Of 2018 Prepare Urgently

Video Gold Should Probably Be $5000 CME Chairman

India Gold Imports Surge To 5 Year High 220 Tons In May Alone

Silver’s Plunge Is Nearing Completion

China, Russia Alliance Deepens Against American Overstretch

Silver Prices Bounce Higher After Futures Manipulated 7% Lower In Minute

Precious Metals Are Best Defence Against Bail-ins In Economic Crisis

Buy Gold Near $1,200 As Insurance UBS Wealth

UK House Prices ‘On Brink’ Of Massive 40% Collapse

Gold Up 8% In First Half 2017; Builds On 8.5% Gain In 2016

Pensions Timebomb In America National Crisis Cometh

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