Jim Rickards: An Origin Story

Posted On Jan 31, 2022 By Addison Wiggin

After declaring bankruptcy, Jim Rickards’ family was forced to move to a new town where people were mostly either “farmers or fishermen.“ He had to find a place for himself in the homogenous community while adjusting to a lower standard of living. “My closet was a nail in the wall,” he relates. While it was “highly stressful for my family,” Jim says, “it was the best thing that ever happened to me.” For one thing, he “became very focused on studies and got good grades.” In fact, he says, “it’s kind of how I got into college.” It also taught him resilience. Even today he believes “if it all went away, I could survive just fine.” “That’s a great source of strength,” Jim Rickards will say straight to your face… which is why he felt OK decades later, when he nearly went bankrupt on his own dime.


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