panic in 1987, but in 1994 you had the Mexico Tequila Crisis. People get discouraged and they buy gold and then some hedge fund or China comes along in the gold futures market and slams the price down. But now we have two back-to-back years of gold going up very significantly. For example, October 29, 1987, the Stock Market fell 22 in one day. Jim Rickards: I'm doing great Mike, great to be with you. And by the way, it went completely unnoticed, the panic was in '08 and in August and September of 2009, the IMF did issue SDRs to help with global liquidity, but that was almost a year after the panic. They know that there is plenty of risk out there that you just laid out, but they are growing tired of watching just about everything outperform precious metals. The scenario I talk about in my book really involves a financial panic.
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In your book titled. What do you get for your money with Jim Rickards Project Prophesy? There're a bunch of them that think that there's no limit in the amount of money the Fed can print, but there is a limit. What are you saying these days to people who might be thinking about selling gold and say, joining the party in the stock markets? One is, let's call it the short to intermediate term, which is how's the economy doing?