Home› Precious Metals

Good article on Sinclair the Guru

Comments

  • pmcollectourpmcollectour Posts: 1,211 ✭
    Very good article. Thanks for sharing.

    One comment that I have that wasn't covered in the article. I think Sinclair said that gold may have a slight drop before it shoots way higher.
    Perhaps because if investors get margin calls on a dying stock market, that they may have to sell off their profitable gold positions in order to meet margins.

    However, do these fund managers really have that much physical gold to really cover their losses ? I think if American investors are rushing to sell their gold, then central banks and China will be buying it up knowing that the end game is near for America, and only gold will prevail against every other currency.

    So let's say gold rises to 2,100 by early next year, and then the market quickly runs down from let's say 10,500 to 7,100 on the DJIA.
    I think Sinclair is saying that let's say gold drops to 1,400/oz as people need cash to cover margin calls. Then as our system goes poof, gold then has a voilent rush upwards. I believe that was what Sinclair was saying, but I'm not too sure about it.
  • ttownttown Posts: 4,472 ✭✭✭
    Good read on his website today.

    Jim Sinclair
  • pmcollectourpmcollectour Posts: 1,211 ✭
    Gold in that sense is the "ANTI-GOVERNMENT" vote as there is no government behind the metal. That will keep buyers interested in gold even in the midst of a money flow issue.

  • pf70collectorpf70collector Posts: 6,641 ✭✭✭
    I remember when the 20th Anniversary AGE Set went for $2600 at the mint. Now the value in gold alone in that set is almost 5K. I think because of the rise in gold the premiums are getting lesser and lesser for this set.
    Montana State Quarter Die Clash

    Box of 20
  • MilesWaitsMilesWaits Posts: 5,349 ✭✭✭✭✭


    << <i>I remember when the 20th Anniversary AGE Set went for $2600 at the mint. Now the value in gold alone in that set is almost 5K. I think because of the rise in gold the premiums are getting lesser and lesser for this set. >>



    Yes, what a nice gift the bullion pricing and collector interest offers on this spectacular set!

    Now, with the UHR, we too are approaching a bullion/collector equilibrium. As we may see in many popular modern issues.

    Except, of course, The JT!

    Miles
    Now riding the swell in PM's and surf.
Sign In or Register to comment.