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When gold went from $2,000 an ounce to $3,000 an ounce, that's a 50% increase. That's a heavy lift. And from 3,000 to 4,000, that's a 33% increase. That's still a big lift. Now we're at 5,000. >> But when you go from 9,000 to 10,000, that's only 11%. >> Cuz you're working off a much higher base. >> And when you go from 19,000 to 20,000, that's only a little over uh 5%. Uh so the point being these thousand leaps get easier because you're working off a higher base. As gold climbs to higher valuations, the resistance it faces at each new $1,000 milestone decreases mathematically. The initial move from $2,000 to $3,000 required an enormous 50% capital expansion, a significant challenge for any asset. By contrast, a move from $9,000 to $10,000 represents only about an 11% increase. This base effect shows that as currencies continue to debase, gold's nominal price can accelerate rapidly, making five figure targets far less extreme than they appear when viewed in simple dollar terms. Jim Rickards, renowned economist and best-selling author, explains this momentum dynamic clearly. The perception that gold becomes too expensive is largely a psychological illusion created by focusing on nominal prices instead of percentage moves. Once gold clears the heavy resistance of the lower price ranges, the journey toward $20,000 becomes surprisingly smooth, requiring far less buying power than earlier stages of the rally. This suggests that the most explosive phase of the bull market may actually unfold at the highest price levels, not the lowest. Now, we present the clips from Jim Rickard's interview. Are you curious about investing in gold and silver, but feel held back by fear or confusion? This ebook is designed especially for new investors who want clarity, not complexity. It breaks down gold and silver trading strategies in a simple, practical way. No jargon, no hype. Why wait? Hurry up. Please visit this link to get your copy today and use code WZCA Q9V for a huge discount. More than 1,000 people took the first step with this ebook. And today, they're living proof that smart investing changes lives. Start investing fearlessly, wisely, and with a clear strategy. >> Gold is going to go a lot higher. And I get the a form of that question a lot, Julia, because people say, "Hey, Jim, you know, you said to buy gold when it was 1,200 or 1300. I I should have listened to you. I didn't. It's it's getting close to 5,000. I missed the boat." And my answer is no. you missed three or 4 thousand dollars, but you didn't miss the boat. This has much further to run. Uh, and it's it's it's not a top. It's somewhere near a top, and it's it's it's going to go well, I can easily see it going to $10,000, but that's not even a stretch. That's pretty straightforward. $25,000 or higher. Yes. But let me give let me give you some concrete um math and analysis behind that because anybody can throw out a big number, you know, and they're out there, you know, they're on podcasts or whatever. as gold is 21,000. But you need to know why. And um there there are a couple things in play here. Number one, in January 197 uh 1971, gold was $35 an ounce. In January 1980, it was $800 an ounce. That's a $2,700% increase in 9 years. Um if that happened again, I'm not I'm not forecasting this. I'm just saying it happened. And if it happened again, gold would be $100,000 an ounce. When gold goes from $35 an ounce to $800 an ounce, which it did, you can say, "Oh, the price of gold went up." Yeah. But if you think if you hold gold as your constant, know what's the dollar worth by weight of gold. Don't ask what gold is worth in dollars. Ask what the dollar is worth by weight of gold. It's just the inverse. Okay? The same math. The answer is that was a 94% devaluation of the dollar. The dollar lost 94% of its value measured by weight of gold. And people today are looking around like the dollar is gonna, you know, this the crack up of the dollar, the dollar is going to collapse, etc. But they look at the currency market. That's not the right way to think about it because all those countries are in the same boat. For example, what's the euro worth today? Uh, you know, what's a uh what's a euro worth in dollars? That's the question. Um, the answer is about a$16. So one euro equals a$16. Guess what the euro was worth in the year 2000 when it was first issued? >> 116. In other words, it hasn't changed in 25 years. Now, it's gone up and down. It was $160. It was 80. I mean, it it fluctuates. There's volatility. You can make or lose money. I'm not saying it's constant. It's not. But the fact is there's no collapse of the dollar there. The dollar the Euro dollar cross rate today is exactly where it was 25 years ago. That's not where you're going to see the collapse. It's not going to be in the currency market. it's going to be in the gold market. And so when people say the price of gold goes up, I get it. But you know, if you have a gold coin, you put in a drawer and you close it and you go away for a year and you come back and you open the drawer, it's still a gold coin. It didn't multiply. It didn't do anything. The gold is the constant. It's the value of the dollar that's going down. So when when the dollar price of gold goes up, the way I think about it, the US dollar is collapsing. >> The purchasing power of it >> of the dollar in terms of weight of gold. That's that's the right way to think about it. That is so fascinating. Okay, >> so with that in mind, using that as a metric, um when did the dollar collapse? So in the 1970s in gold, it lost 90 about 94% of its value. If that happened again, I'm not saying it will, but if it does, gold would be $100,000 an ounce. So if I say $100,000 an ounce, people like, "Ah, Jim, you're crazy. What are you talking about?" And all I answer is it happened before. >> Right. >> Okay. Now, there's another phenomena, a little more down to earth. uh and we'll tap into behavioral psychology because in behavioral psychology there's a big science Daniel Conorman and uh uh Tiverki and uh uh Dan Arieli and a few other leaders in this field and uh they've identified a whole list of biases. We're just human. We have biases and uh instincts and we can't get rid of them but it's good to know what they are. But one of them is called uh anchoring. And anchoring means we get a number in our head or we get a idea in our head and we can't get rid of it. And we begin to filter everything we see through that idea. That that affects everything we think. So as as applied to gold. So let's just say you have 50 ounces of gold and it goes up $1,000 an ounce. You just made $50,000. I mean that's real. It goes up another $1,000 an ounce. You just made another $50,000 and so on. every time it goes up $1,000, >> you made another $50,000. >> Well, but you kind of get anchored on the $1,000 jump and the 50 ounces and the $50,000. But what people lose sight of is that each $1,000 leap is easier than the one before. A lot easier. So, for example, when gold went from $2,000 an ounce to $3,000 an ounce, that's a 50% increase. That's a heavy lift. And from 3,000 to 4,000, that's a 33% increase. That's still a big lift. Now we're at 5,000. But when you go from 9,000 to 10,000, that's only 11%. >> Cuz you're working off a much higher base mean. >> And when you go from 19,000 to 20,000, that's only a little over uh 5%. Uh so the point being, these thousand leaps get easier because you're working off a higher base. So what's going to happen? Gold's, you know, it's made its way to 5,000. Not quite there yet, but it'll be there, you know, uh, very shortly. And it's gonna, you know, take a while to get to six, but it's going to go seven, eight, nine, 10 really fast for the reason I just >> If you found this insight valuable, like the video and subscribe to the channel for more deep analysis on gold and silver markets.