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Jim’s Mailbox
Posted by Jim Sinclair on January 27, 2009 @ 1:42 pm in Jim's Mailbox
Folks,
Mr. Sinclair often communicates in something I refer to as "Sinclair speak." He’s telling us quite a bit below. First, gold will re-enter the monetary system. Second, the implementation of the mechanism to accomplish this will result in STABILIZING the gold price at a new higher level… there will be no "crash." Finally, in the future, gold mining entities will be viewed as "utilities" and will pay dividends. How would you like to own something configured to take advantage of these eventualities?
CIGA Frank
"Everyone is looking for where and when the top in gold will come. Will it be Jim’s $1650 or Alf Field’s $10,000 plus before it comes back down?
To put it nicely, you are all wrong. Gold is going up and STAYING up.
There is no top to look for because like all things people strive for, the top does not exist.
Gold will trade within $200 of a given point as a product of the Master of the Financial Universe, Paul Volcker, taking control when all this is totally out of control. He will instate the revitalized and modernized Federal Reserve Gold Certificate Ratio, not gold convertibility, and not tied to interest rates as an automaticity.
The Gold mining business will then be the best business there is and the highest dividend paying monetary utility."
– James Sinclair
Dear Frank,
You are totally correct!
Jim
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