What Is Jim Rickards $2 Million Prediction?

Welcome to my review of a presentation titled Jim Rickards $2 Million Prediction that was recently posted online by an investment research firm called Paradigm Press.

The video by Jim Rickards is about an event that happens in the markets that has been taking place consistently over the years that you can leverage to earn a fortune in one sector.

It has something to do with junior mining gold stocks and after sitting through the video, I put together this article summarizing the main talking points.

Before I start…

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What Is Jim Rickards $2 Million Prediction? 7

Jim Rickards $2 Million Prediction Review

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Introduction to Jim Rickards $2 Million Prediction

Jim Rickards is known for making bold predictions concerning the markets and this time, he is making one that he estimates could be worth $2 Million. Now, before we even get to the presentation, when he mentions $2 million, he is talking about a pledge he and his partner have made — that they will invest $1 million. It has nothing to do with you making that kind of money.

Jim Rickards $2 Million PredictionThe presentation is predicated on Jim’s forecast that the spot price of gold will reach $15,000 per ounce by 2026.

For context, in January 2020, the spot price was around $1,500, although it rose to slightly above $2,000 to set a record. It has been within the $1,700 to $1,900 range ever since and you can verify all this with the help of this price chart.

Therefore, it is pretty bold of Jim to predict that it will reach $15,000. However, this is hardly surprising because Jim Rickards is a gold bug and has been a big advocate for gold. Presentations like “My #1 Gold Pick for 2020” and The Great Depression of 2020 exemplify this. He even has a book called The New Case for Gold that he routinely promises new subscribers to his newsletters.

I mentioned that he is expecting a recurring event to take place that will create an investment opportunity (in gold, of course). So, what event is he hyping?

First, he says that paper currencies (fiat) will fail because they’ve historically always failed. To explain this, he gives a few examples of failed monetary systems that went out of hand with runaway inflation. Now he expects that to happen again but this time, the culprit will be the greenback.

Second, when the US Dollar fails, a new currency backed by a hard asset (presumably gold) will replace it and that’s when the price of an ounce of gold will rise to $15,000.

It goes without saying that he wants you to invest in gold, but not just in any way… he wants you to consider junior gold mining stocks. Why the juniors? The volatility.

Jim, like other investment gurus like touting junior minors because they offer massive volatility. They have the ability to have their stock prices rise exponentially when things go well for them and this can earn you big returns on a modest investment.

The caveat is that the volatility goes both ways and you may lose all your money or a large portion of it if these untested (in most cases) companies fall on hard times.

The other way to look at it is that Gold is a safe-haven investment that investors resort to when they sense hard times are about to come — like massive inflation in this case.

The MIDAS System

The MIDAS System is what Jim uses to identify the best junior minors in the market. Conveniently named like “King Midas” the king popularly remembered in Greek mythology for his ability to turn everything he touched into gold, “MIDAS” in The MIDAS System is an acronym.

Here, M stands for mining, I for information, D for develop, A for assets, and S for secure gold production. It summarizes the criteria or process that Jim says he uses to find his ideal picks.

He has identified 13 junior minors using the system and they form what he calls “Penny Gold Allocated Portfolio” that he will give you access to if you sign up for his investment newsletter, the Jim Rickards Gold Speculator.

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Who Is Jim Rickards?

James (Jim) Rickards is an American lawyer, economist, and investment banker. He has more than four decades of experience in finance.

He is the editor of various investment newsletter services, including Gold Speculator (which he is promoting in the presentation), Project Prophesy, Crash Speculator, and Strategic Intelligence.

In addition to that, he is an accomplished author having written several books about macroeconomics. 

In his career, he has come to be known as one of those analysts who predict how the economy will shake out. Usually his predictions err on the side of gloom to encourage people to invest in precious metals (did I mention he is a gold bug?).

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What do you get when you join Jim Rickards Gold Speculator?

The Jim Rickards $2 Million Prediction presentation was posted online to promote his Gold Speculator investment research service.

The angle they take with it is that when you sign up via the link they provide at the end of the presentation, you get to sign up for the newsletter at a discount. Plus, you get a few bonuses along the way for committing, not to mention access to The MIDAS System and the 13 picks.

So, what do you get when you join?

  • First on the list is the Penny Gold Allocated Portfolio where he has listed a total of thirteen picks based on the MIDAS system. This also comes with instructions on how much you ought to spend and the prices of the stocks.
  • Monthly model portfolio updates
  • A free gold coin that they send to you physically by mail
  • A virtual VIP invite to all the trips Rickards goes on when he visits mines.
  • Two copies of special reports, titled The M.I.D.A.S. Touch and The Path to $15,000 Gold (And How to Profit as it Rises)

Subscription Fee: The annual subscription price of Jim Rickards Gold Speculator is $1,995 and it is non-refundable

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Is Jim Rickards $2 Million Prediction Legit?

Jim Rickards $2 Million Prediction is a legit presentation.

Rickards is a well-known investment analyst and a veteran who has years of experience and expertise. He has had his highs and lows over the years as you’d expect of any trader. And overall, he is a legit analyst with a track record you can find out more on.

Although the presentation is legit, that doesn’t mean that The MIDAS System is going to yield the results that Jim promises. Remember, his past results do not have a bearing on future performance. Besides, his whole argument is based on him predicting the fall of the greenback and we’ll have to wait for that to happen before we verify how his system works.

Jim Rickards $2 Million Prediction Verdict

Paradigm Press released Jim Rickards $2 Million Prediction to promote his newsletter, Gold Speculator. He spends a majority of the presentation talking about The MIDAS System and how he uses it to find the best investments. But that’s not what you should focus on.

You should pay attention to his prediction that the fiat currency will fall and be replaced by a gold-backed one that will eventually lead to the revaluation of gold. He expects this to happen by $2026.

He could be saying that to freshen his message but, ultimately, he wants you to invest in gold and more importantly, rely on his advice by subscribing to his newsletter. On that, I will leave it to you to decide whether his approach is suited to yours because that is an individual choice. 

Before you leave

If you’re tired of scams and want a real solution for making money online check out my no.1 recommendation.

It’s helped me earn over $300,000 in the last 12 months alone:

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(This is a 100% free training)

What Is Jim Rickards $2 Million Prediction? 7