5 Quotes by James Rickards about money
- Author James Rickards
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Gold is the world's least understood asset class. Confusion arises because gold is traded like a commodity, yet gold is not a commodity, it is money.
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- Author James Rickards
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Central banks and finance ministries do not hold copper, aluminum, or steel supplies, yet they hold gold. The only explanation for central bank gold hoards is the obvious one - gold is money.
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- Author James Rickards
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Higher prices are the symptom, not the cause, of currency collapse.
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- Author James Rickards
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Developed economies are engaged in a long-term global effort to force all savers into digital accounts at one of a small number of megabanks. This process resembles herding pigs into a pen before they are slaughtered. Savers will get slaughtered with negative interest rates, fees, taxes, confiscation and account freezes when the time comes.
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- Author James Rickards
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Money in the bank is not money – it is an unsecured liability of an occasional insolvent financial institution.
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