The direction of the gold and silver market is the result of what people and institutions think about it and not what the fundamental industry truths are.... Gold and silver are the only hard assets that make it easy to make transactions, as there is no counter party risk. so if you invested in Gold and some Nasdaq stock, and they achieved the same value, but if a black swan event crashes the company's income, The value of the company will fall, but gold is not an investment... it is true wealth in a human society that considers gold to have intrinsic value, makes a good vehicle to conduct trade on. As you don't have to worry about an entity going bankrupt. GOLD WILL NEVER GO BANKRUPT as humans will continue to believe it is wealth, and can purchase what you need.
Im afraid that the losy sound quality in this episode made You loose all foreigners. Maybe easier for yiu english spoken nations. I managed to get maybe 2 out of 3 sentences.
I think I need to adjust the microphone settings. There are people all around us talking really loudly and it's picking them up. Thanks for the feedback.
@@inittowinit928 he still thinks it isnt rigged on every level gold should have gone to the moon by now , you get some very interesting speakers on your channel but jim isnt one of them
Rick says that in the short term all markets are manipulated. But he does not believe in any long term conspiracy to control the price. He doesn't think they have the ability.
Jim is one of the few who can make me laugh in this space. Kudos and thanks for the interview!
Great interview Steve, thank you!
Jim is one of the most pleasant people to never get a straight answer from :)
Lol described this perfectly
A greatly entertaining interview Steve! And some true words of wisdom 👍
bit of a different interview than what we are used to listen to, but funny and enjoyable !
The direction of the gold and silver market is the result of what people and institutions think about it and not what the fundamental industry truths are.... Gold and silver are the only hard assets that make it easy to make transactions, as there is no counter party risk. so if you invested in Gold and some Nasdaq stock, and they achieved the same value, but if a black swan event crashes the company's income, The value of the company will fall, but gold is not an investment... it is true wealth in a human society that considers gold to have intrinsic value, makes a good vehicle to conduct trade on. As you don't have to worry about an entity going bankrupt. GOLD WILL NEVER GO BANKRUPT as humans will continue to believe it is wealth, and can purchase what you need.
👍
!!!
Second. 😆
Im afraid that the losy sound quality in this episode made You loose all foreigners. Maybe easier for yiu english spoken nations. I managed to get maybe 2 out of 3 sentences.
I think I need to adjust the microphone settings. There are people all around us talking really loudly and it's picking them up. Thanks for the feedback.
rhe only person on the planet who thinks gold isnt rigged , and why ignore the elephant in the room bittcoin
Jim said it at the beginning and end of the interview. Don’t stand in line to buy anything.
@@inittowinit928 he still thinks it isnt rigged on every level gold should have gone to the moon by now , you get some very interesting speakers on your channel but jim isnt one of them
@@martinwilby8942Does Rick Rule believe gold is rigged?
Rick says that in the short term all markets are manipulated. But he does not believe in any long term conspiracy to control the price. He doesn't think they have the ability.
@crich555 that's my understanding 👍