Jim Rickards says Washington benefits from inflation. For people trying to protect their savings, that creates a very different problem.
In this Kitco News interview, Jeremy Szafron asks Rickards who could drive gold’s next move, why he thinks China needs dollars even as it reduces its Treasury holdings, and what happens when the government’s debt problem collides with the saver’s need for stable purchasing power.
Rickards explains why he believes central-bank buying supports gold, what could happen if large institutional investors increase their allocations, and why he sees an opportunity in silver.
He also makes a specific Fed call: no additional hike in October, followed by a probable increase in December.
The conversation moves from Hormuz and diesel costs to the Japanese yen carry trade, physical gold ownership, the midterm elections and increasingly sophisticated financial scams. Rickards closes with the money lesson he emphasizes to his own children and grandchildren.
Jim Rickards is the author of Currency Wars and MoneyGPT and editor of Strategic Intelligence.
Recorded September 30 2026
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Chapters:
00:00 The Tools Washington Has Left, and Who Pays
00:59 Central Banks Flipped From Sellers to Buyers in 2010
02:47 The Gold China Won't Tell You About
05:33 Gold's Floor and the Asymmetric Trade He Loves
06:17 The Buyers Who Always Show Up Last
09:19 Gold Preserves Wealth When Every Dollar Loses It
11:20 How Gold Became the Money That Beats Sanctions
12:47 Iran, China, and the Leverage Gold Hands Beijing
14:15 Why Iran Doesn't Need a Navy to Disrupt Hormuz
19:05 Why He Says Real Oil Is Closer to $180
24:46 The K-Shaped Economy and Which Side You're On
34:21 The Wealth-Tax Warning He Wants You to Hear
38:01 Will the Fed Hike Before the Election?
41:22 How Washington Inflates the Debt Away
47:54 China Isn't Dumping the Dollar, He Says It Needs Dollars
50:40 The Yen Carry Trade Unwind That Could Trigger a Panic
58:00 If You Own Gold Through an ETF, You Don't Own Gold
1:00:19 Could Washington Freeze Your Gold?
1:02:56 The Silver Setup He's Watching Now
1:10:34 The Money Advice He'd Give His Own Kids
#JimRickards #Gold #Inflation
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Disclaimer:
The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.
Disclaimer:
The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.
