The Gold rush!!28 Jan 2026 16:11
There's a guy called Jim Rickards, economist, lawyer etc, who has been part of the US Govt advisory team in times of recession, like the 2008 crash, when he was part of a team that encouraged 16 of the major banks and financial institutions to bail out the sub prime mortgage holders, and therefore put a halt to the domino effect of the market crash.
He has written many books on the world economies, how they succeed, how they fail, and how to stablise crashes. I read one of his books called The Road To Ruin, and in it he explains that in the following recession after 2008, the Govt's will have to bail out the banks...and then the subsequent crashes after that....who's going to bail out the Govt's?....the World bank, the IMF etc etc. A fascinating book.
Anyway, he's a regular contributor on global financial platforms and US TV stations because of how knowledgeable he is on the global economy, the Federal Reserve, interest rates, inflation etc.
He has been calling $5000/oz Gold for a few years, because he has that kind of insight on how the financial mechanisms work.
Now he's calling $10,000/oz in a shorter time frame.....and thats the point of my post.
He explains the simple maths involved as the price rises.
When Gold is at $2k/oz, and then rises to $3k/oz...its a 50% rise
At $3k/oz if it rises to $4k/oz......its a 30% rise
$4k/oz rising to $5k is a 25% rise
$5k rising to $6k is a 20% rise
$8k rising to $9K is a 12% rise
and $9k rising to $10k is an 11% rise!
So each rise higher has less resistance, because its a smaller % increase.
He thinks that Gold will move rapidly through the gears, because in the current global economical conditions.....there's nothing stopping it!!!