Economist Jim Rickards on CNBC.COM reported:
“We should expect the next global financial panic soon,” said Jim Rickards on CNBC’s “Futures Now” last week. “We have imploded twice in the last 16 years so get ready for the third one.”
“In 2018, who’s going to bail out the Central Banks?” asked Rickards. “The bailout money is going to come from the IMF [International Monetary Fund] as they have the only clean balance sheet left.”
This occurrence, Rickards believes, will drive gold higher—to $10,000, to be exact. That eye-popping sum “is not a made up number,” Rickards insisted. “It is the implied non-deflationary price,” he reasoned.