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Jim Sinclair - The US dollar is toast. Gold is headed to $1650 – $1764 now.
MMR
Posts: 372
Posted: Jan 08 2010 By: Jim Sinclair Post Edited: January 8, 2010 at 7:33 pm
Filed under: In The News
Dear CIGAs,
This is not a dress rehearsal.
This is the real thing, and has been since you received the email titled "This Is It!"
Take a look at the following list of news topics:
-Tishman Real Estate to miss payment on a commercial loan of over $5 billion on a massive New York apartment complex, the 2nd largest default in commercial real estate loans in history.
-California declares an economic emergency.
-Employment figures stink.
-Apartment vacancies hit record highs.
-Foreclosures are setting new records.
-Consumer credit in the US drops a record $17.5 billion.
All of this is what we have gotten from OTC derivatives and a financial industry bailout of unprecedented proportion.
QE MUST go to Infinity. Talk about the Fed draining is an insult even to Mr. Fred’s intelligence.
The US dollar is toast. Gold is headed to $1650 – $1764 now.
Remember, at $1764 1,000,000 mineable ounces of gold in production will have a gross worth $1,764,000,000.
That is real money. That is honest money.
jsmineset.com
Filed under: In The News
Dear CIGAs,
This is not a dress rehearsal.
This is the real thing, and has been since you received the email titled "This Is It!"
Take a look at the following list of news topics:
-Tishman Real Estate to miss payment on a commercial loan of over $5 billion on a massive New York apartment complex, the 2nd largest default in commercial real estate loans in history.
-California declares an economic emergency.
-Employment figures stink.
-Apartment vacancies hit record highs.
-Foreclosures are setting new records.
-Consumer credit in the US drops a record $17.5 billion.
All of this is what we have gotten from OTC derivatives and a financial industry bailout of unprecedented proportion.
QE MUST go to Infinity. Talk about the Fed draining is an insult even to Mr. Fred’s intelligence.
The US dollar is toast. Gold is headed to $1650 – $1764 now.
Remember, at $1764 1,000,000 mineable ounces of gold in production will have a gross worth $1,764,000,000.
That is real money. That is honest money.
jsmineset.com
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I just checked gold is still $1,138oz 1-10-2010 @9am CST.
Tell ole' JS to define now?
<< <i>"The US dollar is toast. Gold is headed to $1650 – $1764 now."
I just checked gold is still $1,138oz 1-10-2010 @9am CST.
Tell ole' JS to define now?
Don't take him literally. Now means in the near future and I agree with him.
Worry is the interest you pay on a debt you may not owe.
"Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9
"Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5
"For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
<< <i>And I suppose this ongoing "situation" isn't likely to be dollar-supportive.
Thanks for posting these.
I don't know why I find them so interesting but I suppose that it has something
to do with the fact that it seems the shenanigans going on on Wall Street and in
Washington since 1980 are of biblical proportions. This thing is often almost be-
lievable.
Sinclair's drop dead date is 14 Jan. 2011. Just by the tone of his posts you can sense even he feels it will occur well before that date. His "this is it" metaphors refer to the start of the banking/credit/derivative crisis back in 2007. Even a slow moving train wreck takes time to come to rest.
roadrunner
Positive BST Transactions (buyers and sellers): wondercoin, blu62vette, BAJJERFAN, privatecoin, blu62vette, AlanLastufka, privatecoin
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<< <i>any feel on silver? Any predictions by him? I've been buying heavy amounts of silver lately >>
My read on silver from JS is that he views Gold as "Real Money" and silver as an industrial-driven commodity that may or may not rise along with other
"more currency-like/dollar replacement" metals such as Gold.
Miles
Positive BST Transactions (buyers and sellers): wondercoin, blu62vette, BAJJERFAN, privatecoin, blu62vette, AlanLastufka, privatecoin
#1 1951 Bowman Los Angeles Rams Team Set
#2 1980 Topps Los Angeles Rams Team Set
#8 (and climbing) 1972 Topps Los Angeles Rams Team Set
I do know the dollar was alot lower than it is currently when Gold was first at $1000 and as you say, silver was higher. I do love Palladium and Platinum, too!
Rocket ships, they are......
Miles
Proud recipient of two "You Suck" awards
Armageddin' outta here!
Probably no one has taken positions in silver and gold to hope for the demise of our republic or economic system. But one could say that the republic was long taken away from us from 1913-1934. The most one can do to help what's left of the republic is to vote for worthwhile candidates, be active, and get your word out. Beyond that each family unit must take the means necessary to insure it survives and hopefully prospers. These days that means placing a bet in the casino of financial instruments, commodities, stocks, and bonds. The fiat world demands one places a bet on something as the days of just saving one's wealth and earning interest have been gone for more than a century. If gold and silver do skyrocket it has NOTHING to do with the few people who are accumulating them considering the total net value would be only tens to hundreds of billions of dollars. The entire "offical" US gold stocks are only worth $300 BILL (264 MM ounces). One must really look at the debasement of the dollar which is on the order of tens of trillions of dollars which ultimately drives the PM prices. None of us individually can turn the course of where the dollar is headed, unless someone here is slated to be the next FED Chairman, Secretary Treasury, or CEO of JPM or GS. We get to vote once every 2 to 4 yrs for candidates who stand for pretty much the same old thing and then place our bets to bet/ensure our financial survival. And fwiw, gold went up 25X in the 1970's (equiv to gold reaching $6400 today) and the republic was far from finished.
JS never talks much about silver if at all. But it doesn't mean he doesn't have some stashed away either. Note that silver lagged gold throughout the entire 1970's bull run until the very last year. So up until early 1979, gold outperformed silver over that stretch. JS and others have mentioned that silver will likely outperform gold towards the later stages of the current bull run. In the 1970's the silver market had the Hunts as huge proponents of physical silver yet even they couldn't distort the market until 1979. This time around we have the JPMs who have distorted the market in the opposite direction. So maybe silver shifts to mania mode long before it did in the 1970's.
roadrunner
And the final nail was hammered into place in 1971 when the whole world went fiat by way of the dollar as the international trade unit whose link to gold was broken by Nixon.
The more I read about Roosevelt, the less I like what is going on now.
Jim Sinclair is about as right as one can be in terms of finance.
I knew it would happen.
<< <i>Probably no one has taken positions in silver and gold to hope for the demise of our republic or economic system. But one could say that the republic was long taken away from us from 1913-1934. The most one can do to help what's left of the republic is to vote for worthwhile candidates, be active, and get your word out. Beyond that each family unit must take the means necessary to insure it survives and hopefully prospers. These days that means placing a bet in the casino of financial instruments, commodities, stocks, and bonds. The fiat world demands one places a bet on something as the days of just saving one's wealth and earning interest have been gone for more than a century.
And the final nail was hammered into place in 1971 when the whole world went fiat by way of the dollar as the international trade unit whose link to gold was broken by Nixon.
The more I read about Roosevelt, the less I like what is going on now.
Jim Sinclair is about as right as one can be in terms of finance. >>
TR and FDR.
<< <i>And I suppose this ongoing "situation" isn't likely to be dollar-supportive.
LOL. You guys and your internet links full of BS.
Lets take just one point and smash it to pieces.
"INTERPOL’S DIPLOMATIC IMMUNITY AND HABEAS CORPUS"
It is not full diplomatic immunity.
Interpol has no police force. It conducts no investigations. It doesn't arrest anyone.
These are the additional privileges granted to Interpol:
Section 2(c), which provided officials immunity from their property and assets being searched and confiscated; including their archives;
the portions of Section 2(d) and Section 3 relating to customs duties and federal internal-revenue importation taxes;
Section 4, dealing with federal taxes;
Section 5, dealing with Social Security; and
Section 6, dealing with property taxes.
That's it. How exactly does that make you less sovereign?
This move by the Obama administration puts Interpol on the same
footing as the International Pacific Halibut Commission. Oooh, scary!
-------
I just cut and pasted the relevant bits from an online discussion of
the grant by Obama.
<< <i>
<< <i>And I suppose this ongoing "situation" isn't likely to be dollar-supportive.
LOL. You guys and your internet links full of BS.
Lets take just one point and smash it to pieces.
"INTERPOL’S DIPLOMATIC IMMUNITY AND HABEAS CORPUS"
It is not full diplomatic immunity.
Interpol has no police force. It conducts no investigations. It doesn't arrest anyone.
These are the additional privileges granted to Interpol:
Section 2(c), which provided officials immunity from their property and assets being searched and confiscated; including their archives;
the portions of Section 2(d) and Section 3 relating to customs duties and federal internal-revenue importation taxes;
Section 4, dealing with federal taxes;
Section 5, dealing with Social Security; and
Section 6, dealing with property taxes.
That's it. How exactly does that make you less sovereign?
This move by the Obama administration puts Interpol on the same
footing as the International Pacific Halibut Commission. Oooh, scary!
//////
Have you seen the International Pacific Halibut Commission? They reek and are some scary dudes!
/////
-------
I just cut and pasted the relevant bits from an online discussion of
the grant by Obama. >>