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Jim Rickards: King Dollar Is Still Here - So Why Own Gold At All?

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Jim Rickards: King Dollar Is Still Here – So Why Own Gold At All?

Jim Rickards gold outlook, in his own words: central banks have put a floor under the price, the dollar is not collapsing, and inflation is not an accident – it is the exit. Jim Rickards gave three interviews in the last forty-eight hours, and he said the same thing in all of them. Forty-one trillion dollars of debt is not a crisis, because America borrows in a currency it prints. The real question is what the cure costs – and the cure is inflation. On gold he is blunt: central bank buying puts a soft floor under the price, which makes it, in his phrase, an asymmetric trade. Limited downside, unlimited upside. But he also calls the debasement trade nonsense, says there is no BRICS currency and no gold-backed yuan, and argues that China selling Treasuries is a sign of a global dollar shortage, not an escape from the dollar. This is a cut of only his own remarks, taken from three separate conversations published on 23 October 2026 and ordered by topic: gold and the central-bank floor, reserves and the dollar, the debt-to-GDP math, how the Federal Reserve actually creates money, diesel as the real driver of inflation right now, the crack spread and the true price of oil, the AI buildout compared to the nineteenth-century railroad boom, and finally who wins and who loses when inflation runs. Host questions and every other speaker have been removed. At the end you will hear our own expert evaluation, which checks his numbers against the market as of 24 October 2026 – including the places where he is behind the tape.

 

 



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