Two Billionaires Dumping Stocks and Buying Gold NOW

Gold ingot resting on a stocks and shares graph representing investment or banking
Reddit

Special Note from the Publisher: Kris Sayce here. Yesterday we kicked off our (rather costly) mailing blitz of Jim Rickards’ The New Case for Gold

We can only afford to print 7,000. Each one shipped, we lose money. If you haven’t reserved your copy, you better! Find out more here.

It’s looking like we didn’t initiate this project a moment too soon. As you’ll see in the essay from Jim Rickards below, the smart money exodus into bullion appears to have started…

The New Case for Gold explains why this is happening.

But it also digs into the various ways you can take advantage.

Like the one investment many will turn to when they get cut off from physical gold during the coming shortages.

Plus the five easy places to park your wealth, away from the political fray that’s likely to unfold during gold’s super-spike.

Also, income streams with a built in hedge against a crashing dollar. As cash unravels, these income streams should go up. You can own a percentage stake as they do.

The one thing you DON’T want to do is wait too long

That’s why I’ve commissioned a 7,000-strong print run of these books now.

As Jim explains in the book, even if the biggest gold-buying institutions went from a 1.5% gold allocation to a 5% gold allocation…which is still lower than what he recommends…

There’s already not enough gold to meet that demand at today’s prices.

And believe me, many of the insiders Jim knows are well aware…and are making their moves right now… To see what I mean, read Jim’s essay below…

Two Billionaires Dumping Stocks and Buying Gold NOW

What do you do if you think the global financial system is about to crack up?

This first step is pretty much a slam dunk — you want to get gold.

As soon as you can, using a very simple formula to determine how much you should get. (This formula is outlined in The New Case for Gold.)

This formula works if you’ve got $5,000 or $5 million.

But first, let me just reassure you that you won’t be alone in making this move.

Take billionaire Stanley Druckenmiller. He’s worth $4.4 billion. And his hedge fund has never had a down year. His career average return is 30% a year.

That’s incredible.

So what’s he doing now? Druckenmiller just told investors to ‘get out of the stock market’ and get gold. Today it’s the biggest stake in his family fund — with reportedly over $323 million in gold.

How about John Paulson, who made $4 billion betting against housing?

Most don’t know he made $5 billion more betting on gold in 2010 — and now he’s got another $1.2 billion gold bet in place.

And here, too, even the mainstream press is catching on…

‘Make America Gold Again: Calls for Everyone’s Favourite Standard Are Back’

Bloomberg

‘The Bull Market for Gold is Just Beginning’

CNBC

‘Central Banks Buying Up Gold to Diversify Away from the Dollar’

RT News

And here’s the thing. We’re already seeing gold shortages, as investors get ready.

Take a look at this alarming chart…

Rickards gold shelves

Source: Agora Financial

Recently I took a flight to Switzerland to visit one of the world’s biggest gold refineries.

Our host put me in a black SUV, had me turn in my cell phone, and took me into one of the most secure and secretive locations in the world — a large Swiss gold vault.

He told me about his vault operations and explained how the bars get stacked.

The newest gold bars are date-stamped and stacked by the door.

Older bars get stored in the back.

He says that orders are coming in so fast…and his suppliers have to go so deep into the vaults…that some of the bars coming out are date-stamped from the 1980s, during Reagan’s term.

Rickards Gold

What you see in front of me is about $20 million worth of gold bars, filmed live in a secret location in Switzerland…inside one of the largest gold vaults in the world.

Why go so deep into the stockpile?

For one, gold sales to China alone are up 700% since 2010.

Our refiner host told me that China’s daily orders are so big he actually has to limit their shipments. And it’s not just gold buying from the Swiss.

China’s also soaking up 40% of ALL the gold coming out of the ground.

What’s more, Beijing just bought a London vault that can hold 2,000 more tons of gold bullion.

Again, that’s just China.

Russia’s buying at record levels too.

As are other central banks around the globe.

What do they see coming that maybe you don’t?

Even worse, what happens if you wait too long — until there’s no gold left to get?

Gold’s already soaring, up 23% so far this year.

Like I’ve said more times than I can count…

To viewers on the BBC, CNN, NPR, CNBC, Bloomberg, Fox, and in interviews with the Wall Street Journal…and in my latest book, The New Case For Gold

You could see gold prices soar as high as $10,000 an ounce.

How’s that possible? I lay out the exact details in The New Case for Gold. And I go into the best ways to gain exposure right now.

Regards,

Jim Rickards,
Author, The New Case for Gold

SHIPPING NOW:
Limited Special Editions of
Jim Rickards’
The New Case for Gold

James G Rickards is an American lawyer, economist, and investment banker with 35 years of experience working in capital markets on Wall Street. He is the author of The New York Times bestsellers Currency Wars and The Death of Money. Jim also serves as Chief Economist for West Shore Group.

We have printed, and are shipping, just 7,000 Special Australian Edition copies of his latest book, The New Case for Gold. (All you need is a valid Australian mailing address.) Don’t miss out. To reserve your copy, click here.

Jim Rickards
James G. Rickards is the editor of Strategic Intelligence, the newest newsletter from Port Phillip Publishing. He is an American lawyer, economist, and investment banker with 35 years of experience working in capital markets on Wall Street. He is the author of The New York Times bestsellers Currency Wars and The Death of Money. Jim also serves as Chief Economist for West Shore Group.
Reddit

Leave a Reply

Be the First to Comment!

Notify of
avatar
wpDiscuz
Letters will be edited for clarity, punctuation, spelling and length. Abusive or off-topic comments will not be posted. We will not post all comments.
If you would prefer to email the editor, you can do so by sending an email to letters@dailyreckoning.com.au