7K Gold – Rickards on CNBC

7K Gold – Rickards on CNBC


Highlights from the interview:

  • “The situation we’re in is like 1919.”
  • “The banks should be held hostage by the countries not the countries held hostage by the banks.”
  • “Make this quick and fast and get this over fast.”
  • “The debt cannot be repaid”
  • “Make a currency backed by gold and get on with it.”
  • “Back a paper currency by gold.”
  • “As the paper currencies collapse you’ll have to go back to a gold standard.”
  • “He who has the most gold wins.”
  • “The implied price is $7K per ounce.”
  • “The alternative is 20 years of no growth.”

King Rick starts 3 minutes in.

~TVR