Gold & Silver IQ Test: Jim Rickards in 'Hidden Secrets Of Money'

Which one of these is not like the other? Jim Rickards poses the question to Ivy League professors and 5 year olds, and the results are astounding. Learn more about gold, silver, and free market money in our new series: Gold & Silver: Hidden Secrets Of Money. Learn more here:

[scawarren]

Well thank you, Dan the video man :)
I'm glad I found your and Mike's channel.

[hOtneO]

When is the full documentary going to drop? I can't wait.

[KBSilverandGold]

'gold for bread zimbabwe' powerful video, thanks for sharing.

[nd]

This is a great short video clip! I’m glad that as soon as I saw it I could honestly say the gold Eagle is not like the others. Thanks Mike Maloney for making me see it that way!!!

[ChiefClickClack]

I can't wait either...I'm literally licking my chops...lol

[Conan_the_Based]

Money exists as a promise to repay. If it isn't circulating, economic activity halts. The "store of value" aspect is not meant to carry over an indefinite amount of time, hence the time value of money reflected in interest rates.

[HAAZPRSRT]

When industry wants gold and silver (mostly silver) due to shortages the price will go up like crazy and everyone will most likely want to get in on it.

[geniusmarketing]

The argument is whether federal reserve notes are a 'store of value', not if they are easier to use in daily transaction. The fact that they are convenient as they still are in spending day to day, is the main reason everyone has been blinded by their inability to store value for so long!

[bunz]

You are missing what Mike is trying to do. Read his book. He is a cycles investor. When he says sell, its not just to sit in cash, its to use whatever the medium of exchange is at that time to acquire cash flow producing assets. Simple sell high buy low strategy. Sell gold while its high and buy stocks or real estate while they are low and then ride the next bull market.

[Conan_the_Based]

How so?
This video is very clearly talking about money, and so am I.

[dotsont]

I am 12 and have a IQ of 149 does this make me above average level of intelligence

[Bobby.Kristensen]

While it is true he fails to say that gold can also be overvalued and its value depends on people wanting it just like dollars. However, you cannot create gold from thin air.

[KBSilverandGold]

Wouldn't it be nice to be able to acquire 24 Karat Gold Bullion in smaller weights?

[grraadd]

answer is so easy - knowing one professor (Superman, alien-squasher Krugman) and one 5-year old :-D

[thebeastfx]

but it can be used as a medium of exchange.

what are you talking about

[YutubeIsMYFriend]

If you think gold is real money, you should type "buying taco with gold ".
In order something to be real money it needs to be accepted by everyone. Turns out 99% people are clueless about gold and it's value, therefore it's not money if it can't be used as medium of exchange.

[mijmijrm]

> When someone procures goods/services now by promising goods/services at a later date, The promise to repay is given a physical being by some trinket or coin and, after being popularized enough, it becomes 'money'.

lol .. nice little fantasy you're created to validate your theory.

But, the *fact* is that money is a token of influence. Doesn't matter what crazy things you imagine are going on in the minds of the users - by user behavior, money is a purely psychological token of influence.

[VOLTRIZZZLE]

Mr Rickards should use a gold bar or a gold kruggerand for this example because a gold eagle has a $50 fiat money face value, just like the paper money.

[healthhavencom]

Who's smarter?
A) Ivy League Professor
B) Pile of Rocks

[HanStanwell]

if you store money under a matress for 100 years, it is doing it's job as money. money has more than one function and savings is one of those functions. would you rather have $100 printed in 1913 or 5 gold coins minted in 1913? the $100 can buy 1 barrel of oil and $3.66 left in change where as the 5 gold coins can buy 89 barrels of oil. c'mon professor krugman, you're smarter than that...