50 episodes

A regular conversation with one of the most brilliant minds in the financial world.



James Rickards is an investment banker and investment adviser based in New York, and the author of the best-selling book, Currency Wars: The Making of the Next Global Crisis. Mr. Rickards has held senior positions at Citibank, Long-Term Capital Management and Caxton Associates. In 1998, he was the principal negotiator of the rescue of LTCM sponsored by the Federal Reserve. His clients include institutional investors and government directorates. He is an adviser on capital markets to the Director of National Intelligence and the Office of the Secretary of Defense. Mr. Rickards serves on the advisory board of Physical Gold Fund SP.

The Gold Chronicles The Gold Chronicles

    • Investing
    • 4.8 • 11 Ratings

A regular conversation with one of the most brilliant minds in the financial world.



James Rickards is an investment banker and investment adviser based in New York, and the author of the best-selling book, Currency Wars: The Making of the Next Global Crisis. Mr. Rickards has held senior positions at Citibank, Long-Term Capital Management and Caxton Associates. In 1998, he was the principal negotiator of the rescue of LTCM sponsored by the Federal Reserve. His clients include institutional investors and government directorates. He is an adviser on capital markets to the Director of National Intelligence and the Office of the Secretary of Defense. Mr. Rickards serves on the advisory board of Physical Gold Fund SP.

    EP. 93 The Gold Chronicles: May 2020 podcast with Jim Rickards and Alex Stanczyk

    EP. 93 The Gold Chronicles: May 2020 podcast with Jim Rickards and Alex Stanczyk

    Topics Include:

    *New Book under development on the Pandemic and Depression

    *Why Scientists without expert knowledge of the economy may not be the best source for determining economic policy

    *Why discernment of the various views of scientists with opposing views on how to deal with Coronavirus is important

    *Unemployment Claims have exceeded 38m in the US

    *There has never been a time when the stock market does not accurately reflect what is happening in the real economy

    *S&P 500 is a cap weighted index where a few major companies dominate the index. Major companies which are doing well do not reflect the stock market as a whole or the rest of the economy

    *Algorithms that decide the majority of trading in markets today were written before the Pandemic

    *Deflation, Inflation, Hyperinflation

    *The psychology of inflation and what leads to increase of velocity of money - quantity theory of money versus phase transitions in psychology

    *In a deflationary environment where the Fed has printed close to $10T but still cant get inflation leaves one tool left in the toolkit.. raising the price of gold

    *Raising the price of gold would require open market operations in gold - Fed printing money to buy gold or to sell gold in order to maintain a specific price range measured in USD

    *Raising the price of gold as a tool to get inflation in the USD during prolonged and massive deflation is not a theory, it has been used in the past

    *Expectations of continuing deflation in the short to mid term, but inflation must be created, the trick for the Fed is making sure it sticks the landing

    *Scenarios for gold price and inflation numbers if the Fed overshoots and ends up with higher inflation than it wants

    *Censorship and deplatforming of people from major media platforms such as YouTube and Twitter

    *The polarization of views of people around the world in terms of freedom vs authoritarian approaches to governance, and where it is leading

    *The “inner fascist” - #NeoFascistGene

    *Essential versus Nonessential Businesses and Occupations

    *United States Code: Law enforcement officers, judges, public officials violating Constitutional rights under color of law versus emergency powers granted during threats to national security

    *Reparations for China such as seizing/cancelling UST’s or delisting Chinese company stocks on US exchanges

    *Will reparations move the US and China closer to kinetic warfare

    • 53 min
    EP. 92 The Gold Chronicles: March 2020 podcast with Jim Rickards and Alex Stanczyk

    EP. 92 The Gold Chronicles: March 2020 podcast with Jim Rickards and Alex Stanczyk

    Topics Include:

    *Opening salvos of Global Financial Crisis II (GFCII)

    *The entire precious metals complex (gold and silver) has been cleaned out globally

    *The best time to act has past, now is the second best time to act

    *The global run on precious metals is probably less than 5% of the population, when the majority catches on to damage done to USD the demand could be historic

    *Price dis-connect between paper and physical gold price

    *How price discovery in the gold market is resolved *What happens when the Swiss refineries open again

    *The effect of key relationships with Swiss refineries on access to gold and silver

    *Mining output dropping due to mines getting shut down reduces available supply of gold

    *US Unemployment Claims hitting record levels, 3.28M claims in one week

    *Fed injecting capital into system trying to prevent liquidity freezes (Ice-9)

    *Why we are entering the next Great Depression

    *In comparison, during "The Great Depression" Dow Jones dropped 89%

    *The Great Depression played out over 3 years, we are a third of the way there in 3 weeks

    *Consequences of Supply Chain Shutdowns

    *Why the US could lose up to 50% of its economic output by the end of the downturn

    *The social and political consequences of QEternity *What happens when complex systems collide

    *Regarding mass migrations and unrest, watch South Africa and Mexico

    *Full Spectrum Warfare - Financial, Biological, Cyber, Social Engineering, Kinetic

    *What are the chances we will see kinetic warfare

    *Why China could be eyeballing Taiwan during the crisis

    *How the Covid-19 numbers out of China are questionable

    *CARES Bill - Whats in it

    *Whats happens to gold if we see massive deflation (Great Depression II)

    *The two ways gold is revalued in a massive deflation

    *It took 25 years for US markets to recover from the Great Depression

    *Jim: "Be wary of suckers rallies"

    *Practical things people can do during this crisis

    *Spoiler - Jim's new call on the US Presidential election and how the crisis has changed the probabilities

    • 1 hr 3 min
    EP. 91 The Gold Chronicles: February 2020 podcast with Jim Rickards and Alex Stanczyk

    EP. 91 The Gold Chronicles: February 2020 podcast with Jim Rickards and Alex Stanczyk

    Topics Include:

    *The most important event of 2019 and how it will impact the future

    *Why the surge in repo rates from Q4 last year was the beginning of QE4

    *Why the Fed is now backed into a corner

    *How Fed tools may now be less effective

    *Forecast of US Presidential Election for 2020

    *War on Cash

    *Fintech/Blockchain disrupting traditional financial business models

    *Central Bank Digital Currencies

    *Facebook's upcoming payments system Libra

    • 41 min
    The Gold Chronicles Ep:79 Jim Rickards and Alex Stanczyk

    The Gold Chronicles Ep:79 Jim Rickards and Alex Stanczyk

    http://physicalgoldfund.com/Download/Audio/TGC-December-2017.mp3 The Gold Chronicles Podcast December 2017 topics: *Year in Review 2017 *Wealth Gap – Top 1/10th of 1 pct control more wealth than the bottom 90 pct *Average incomes declining over close to 40 years *Transcending partisan politics to understand how the system is inherently advantaged or disadvantaged for some and how it affects societal stability ... Read moreThe Gold Chronicles Ep:79 Jim Rickards and Alex Stanczyk

    • 1 hr 7 min
    The Gold Chronicles: December 2017 podcast with Jim Rickards and Alex Stanczyk

    The Gold Chronicles: December 2017 podcast with Jim Rickards and Alex Stanczyk

    Topics Include:



    *Year in Review 2017



    *Wealth Gap – Top 1/10th of 1 pct control more wealth than the bottom 90 pct



    *Average incomes declining over close to 40 years



    *Transcending partisan politics to understand how the system is inherently advantaged or disadvantaged for some and how it affects societal stability



    *How societies deal with these kind of structural imbalances



    *Financial system stability as a function of scale



    *What institutional investors focusing on liquidity as a due diligence priority may be implying about the views forming on systemic stability



    *Why the system still has not de-levered since the the 2008 GFC, and how risk it is even more concentrated today



    *Fed policy update and implications for 2018



    *Why avoiding a disorderly stock market decline is now being considered in Fed policy



    *North Korea Update



    *Secret US Weapons Programs: Waverider, Nap of the earth microwave systems



    *Update on financial system lockdown, Ice-9, war on cash / war on gold

    • 1 hr 7 min
    The Gold Chronicles Ep:78 Jim Rickards and Alex Stanczyk

    The Gold Chronicles Ep:78 Jim Rickards and Alex Stanczyk

    The Gold Chronicles Podcast November 2017 topics:



    *Understanding golds utility value

    *First Principles regarding gold

    *How wealth is created

    *Why wealth can also be viewed as energy

    *Defining money

    *How money is a form of storing energy (wealth)

    *How investments also store, but also leverage energy (wealth)

    *Basic energy inputs which create a good or service that the market will pay for can all be calculated mathematically

    *Gold is the only form of money or investment that is indestructible and completely immune to the forces of entropy

    *How confidence and agreement is a key component of money

    *Summary of theories of intrinsic value (total inputs), Marxist surplus labor theory, Menger's subjective value theory

    *Subjective value leads us back to confidence as a key component of money

    *Why central banks are accumulating and stockpiling gold

    *Greenspan on gold

    *How to create your own personal gold standard

    *Australia's institutional market warming to gold

    *Probability of Fed interest rate hike in December update

    *Power consolidation in the House of Saud

    • 49 min

Customer Reviews

4.8 out of 5
11 Ratings

11 Ratings

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