There’s nothing like a good conspiracy story to influence the price of gold and oil. Sadly this is no conspiracy, if this story is to be believed then the currency war is already in full effect.
As this plays out we could well see the price of gold and oil move to the upside in short order. How much, well Jim Rickards when interviewed by King World News seems to think $2000.00 is an easy target for Gold because a war in Iran will impact key players and markets around the globe. That’s around 25% which would be a shock to anyone not in precious metals.
Naturally any pressure could affect the flow of oil pushing oil prices up and causing price to change quite rapidly…that said there’s nothing like a bit of fear mongering to cause the market to get all emotional but when you look at the big picture it’s clear this is not a game. Here’s what Jim had to say about the price of gold and oil.
Rickards has also gained international recognition for his deadly accurate predictions regarding moves by central planners. This is what Rickards had to say about the situation in Iran: “Eric, this really could not be more serious. The fact that we, meaning the United States, are on a path to a war with Iran is very clear at this point. It does seem the countdown has begun and it’s coming to a head sooner rather than later.”
Jim Rickards continues:…”
I hope this is just sabre rattling as the last thing the world needs is another war but it may be it’s already started? No doubt the price of gold and oil could rise significantly but what is the real cost?