Renowned gold expert Jim Sinclair stands by his prediction last year of an eventual gold price of $50,000 per ounce. Sinclair explains, “You have to understand we are going into unprecedented deflation, and it’s the reaction of central banks around the world to the concept of deflation that brings about hyperinflation. . . . There will be debt monetization of all kinds of debt to maintain some sort of equilibrium. The price of gold is going to go to a level that is going to surprise everybody. I was told that this is a rally that you won’t sell. That means gold will go to a level and not react violently down from that level. . . . This is when gold is going to levels that today are considered more mental illness than monetary analysis. Silver is best understood as gold on steroids because whatever potential and direction is taken up by gold, silver will be multiplied by 2 or by 5. . . .Silver will outperform gold.”
Join Greg Hunter as he goes One-on-One with renowned gold expert Jim Sinclair of JSMineset.com. http://usawatchdog.com/plunge-protection-team-losing-control-of-markets-jim-sinclair/
Financial writer Bill Holter says, in the last year, there have been many big warnings from the Bank of International Settlements and the IMF about a coming financial calamity. Holter contends, “I think they are trying to get out in front of this. I think they are telling the truth the world is defenseless. The central banks, the sovereign Treasuries have fired all their bullets already, and they realize when this next crash comes, there’s nothing that can be done.”
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