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The Daily Reckoning/Jim Ricards
“I’ve also said that the former course (a conference) is more desirable — why not avoid the train wreck rather than clear up the wreckage? But the latter course (chaos) is more likely. A conference will probably be ignored until it’s too late. Either way, the price of gold soars.”
USAGOLD note: With respect to the options given – orderly or chaotic – Rickards says it will probably be chaotic. We do not see the gold standard as either practical or viable given the circumstances. The more direct course of action to weather the times is to put your portfolio on the gold standard instead.
Repost from 10-28-2020
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