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Whether it’s up or down today, gold is always a hot topic. If you say it has value or that it is money, you may get ridiculed.
China allowed the world to catch a breath on Friday. Chinese stocks rose 2 percent and the central bank fixed the currency a tad higher. Global stocks are more or less unchanged.
Behind the scenes, China’s bid to increase its power at the IMF has turned into a fierce negotiation about who will control global finance in the future.
Epoch Times: Mr. Rickards, in our last interview, we talked about gold and why it should rally. You also said the Chinese are behind buying a lot of physical ... James Rickards: I met with the largest gold refinery in the world, the head of precious metals operations. He’s recently expanded his own capacity; they put a whole new area in their factory and it’s highly automated. And he’s working triple shifts, he is working 24 hours a day to produce gold.
James Rickards, the author of the best-selling book “Currency Wars,” talks about his new book and why gold will rally in 2014.
