3 Minute Gold News
A Quick Read for Busy People
A 3 minute synopsis of an interview with Jim Rickards, New York Times bestselling author of The Death of Money and Currency Wars, by Trish Regan from Bloomberg TV.
Topics:
Stocks
QE 4
Wealth Transfer
Jim Rickards
STOCKS
When it becomes clear the Fed is not going to raise rates then stocks will be higher, and will end of the year higher.
Right now they’re discounting a rate increase, but by about May when it’s clear that the Fed can’t raise rates then the markets could rally on that.
Not raising interest rates is the same as cutting them, so stocks could be higher based on that.
QE 4
There will be QE 4 in early 2016.
WEALTH TRANSFER
There’s a federal tax credit of about $7,000 for General Motors electric cars. The money comes from the working man and adds a tax credit to the rich guy who can afford the car — it’s another wealth transfer.
Jim Rickards can be found on Twitter @JamesGRickards and at http://www.jamesrickardsproject.com
……………………………………….
Today’s News:
Gold is $1,227.90 US per ounce via Kitco.
266 kg of Temple Gold in India Has Gone Missing via The Indian Express
India Central Bank Gold Purchases up 18% in 2014 via Business Standard
India May Reduce 10% Gold Import Tax Down to 2% via Bloomberg Business
……………………………………….
Another Week on Wall Street (Currency Wars and Naked Short Selling)
words and music Elaine Diane Taylor
SOCAN/ASCAP
from the album Coins and Crowns available on iTunes
……………………………………….
Nothing on this site is individual investment advice.
Elaine Diane Taylor 
“Another Week on Wall Street” excellent tune. I find it so rare to find an artist that uses their talent on social commentary. To say nothing of the fact it has wisdom in the lyrics of the parts & pieces.
Just sippin’ tea…
Peace & Love!
Thanks!
LikeLike