Personality of “Stars of the Pickle” Rick Harrison worried about the world “printing money like a confette”
The owner of the Golden and Silver Professor Rick Harrison’s trade is on gold, guessing the investment record at ‘Claim’s countdown’.
Rick Harrison’s “Zalagagai” personally interrupted why investors put their money behind the golden market “absolutely nuts” in record numbers “Counting the climate. “
Harrison joined Fox Business Anchor Liz Claman On Thursday after reporting that gold prices have reached a record nine times high this year, which is more than 11%. This comes during the growing calls of officials such as Elon Musk for the audit of Fort Knox, the guarded depositors for US gold reserves.
“I just say that if not everyone says,” No, we shouldn’t revise it, “we probably should revise it,” Harrison said of Fort Knox. “There is no good reason not to be, and when they start to claim that we should not, it does even better for an audit.”
“My problem is that my suppliers limit the amount of gold to sell you in gold and silver,” Harrison continued. “Because I can’t get in them. I mean, it was absolutely walnut. I mean, you are taking South Korea, they have been banned by retail sales lately because the Government has bought it all.”
Fort Knox holds 147.3 million ounces of gold, according to American mint.
Trump’s backs confirmed by Fort Knox Gold is there, as the treasury says it is
Harrison attributed inflation or government “printing money like a confette” to explain the popular public investment in gold and silver.
“Remember, we live in a world where we print money like Confetti, and that’s a lot of worried people,” Harrison said.
The owner of the Gold & Silver Furci Rick Harrison store discusses the history of business on a “earning” pledgee.
“I mean, the government item number of one line is now a interest for debt. That’s $ 36 trillion. I mean, you will never be able to pay it, “he said.” So, the only way to pay off is or inflating a cash supply or a debt, which can still cause inflation. So, this is one of the reasons why I think everyone is buying gold and silver. “
Harrison and Claman talked about the price of gold exponentially only this year, referring to the price since 1974 under 200 dollars of three. Currently, gold costs $ 2,940 per ounce, according to JM Bullion.
Still, the owner of the gold and silver sunshine insisted that there are no defects to re -leave gold for those who do not buy it or sell it. Claimed that many buy gold as “a hedge against inflation. “
“When we were on the gold standard, there was really not much inflation because you couldn’t print money,” Harrison said. “Since the whole definition of inflation increases the monetary supply, our government currently does an amazing speed.”
After pointing out the gold standard, Harrison switched to the cause of today’s inflation.
Get a job with Fox on a clicking movement here
“The return of the day, you know, the gold standard, you just couldn’t print gold, and therefore controlled the inflation,” he added. “Bankers complained about it. They wanted more money in the system, so they load more money, you know, but that caused inflation. The gold standard has been operating. He has worked for thousands of years …”
