Jim Puplava’s Big Picture: A Conversation With Jim Rickards
The Outcome of Currency Wars Will Be Inflation
Jim is pleased to welcome back Jim Rickards, Senior Managing Director at Tangent Capital Partners LLC, a merchant bank based in New York City. Mr. Rickards discusses how financial warfare is much different than regular warfare. He also notes that today inflationary and deflationary forces are canceling each other out. Sooner or later, we get inflation, which is the outcome of currency wars. Mr. Rickards also said Russia and China are acquiring gold to launch a new gold-backed currency eventually. As to gold, he advises to buy it on dips. However, he mentions that conservative investors should only hold 10% of assets in gold, while aggressive investors should limit gold to 20% of assets.