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Jim Rickards: Recession is Coming

TRIGGERnometry

The Effect of the Pandemic on the Economy

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There is no alternative to the dollar as a reserve currency in terms of bond markets. So I'd have some gold for that reason because not because it's shiny and pretty, but because central banks are huge net buyers. And also this loss of confidence in the dollar that we've been talking about independent of what other countries are doing. It'll preserve wealth. If there's some kind of panic or collapse or revulsion against the dollar, that's how currencies die,. Your gold will hold up just fine.

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