The Global Economy Almost Collapsed Twice in Last 18 Years – That’s Why You Buy Gold! http://goldfinancial.de If you found this video valuable, give it a like. If you know someone who needs to see it, share it. Leave a comment below with your thoughts. Add it to a playlist if you want to watch it later. Last week, James Rickards explained to CNBC why he is a long-term holder of gold bullion. He pointed to the pattern of financial collapses that threatened the global economy over the past two decades. In the late ‘90s, Wall Street bailed out a hedge fund. In 2008, the Federal Reserve bailed out Wall Street. But in 2018, it’s the central banks that will need a bailout. And what will happen to the dollar when the Fed loses international credibility? Scott Nations jumped in to interrogate Rickards and took the opportunity to remind Rickards of his long-running debate with Peter Schiff, who shares Rickards’ long-term prediction of gold reaching $5,000 an ounce or more. Rickards patiently gave Nations a lesson in history, and reminded him that he’s not buying gold as a trading commodity for growing his wealth – he owns gold as one of the best means of wealth preservation. Don’t think of gold as a commodity. I don’t think of gold as a commodity. I don’t think of gold as an investment. It’s money. But it’ll be a kind of money that people have confidence in. You say you can’t eat gold. Well, take a dollar bill out of your wallet, Scott. Are you going to eat it? You’re not going to eat the dollar. It’s a medium of exchange; it’s a store of value…” Full Interview here: http://schiffgold.com/interviews/the-global-economy-almost-collapsed-twice-in-last-18-years-thats-why-you-buy-gold-video/ Protect Yourself from this coming crisis and wealth transfer by buying the cheapest gold bullion available online in Europe and the UK. FREE REPORT REVEALS: WHY YOU NEED TO OWN GOLD! http://goldfinancial.de Feel free to share this video: Check Out Our Channel: https://www.youtube.com/channel/UCIZn7sYa0sLcS4Ik26zA8sg Check out our related videos: https://www.youtube.com/watch?v=alyoOlSC62Y https://www.youtube.com/watch?v=HSYi9zwRRp4 https://www.youtube.com/watch?v=UYjdBR1UIFQ https://www.youtube.com/watch?v=7eA5n0OLiT0 https://www.youtube.com/watch?v=pdwM4BTpvuU https://www.youtube.com/watch?v=FQpr0knUmkM https://www.youtube.com/watch?v=KZjrpWFsdDM Check out our G+ post about this video: Check out our blogger post about this video: Recommended Channels: https://www.youtube.com/user/SchiffReport https://www.youtube.com/user/WealthCycles https://www.youtube.com/user/silverguru https://www.youtube.com/user/GoldMikeMaloney https://www.youtube.com/user/whygoldandsilver