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Jim’s Mailbox
Posted by Jim Sinclair on July 26, 2009 @ 8:57 pm in Jim's Mailbox
Hi Jim,
Hope you had a good time with your family in RSA. We have settled in and are enjoying the weather. We like their winters here in RSA.
A couple of quick questions
1. If the banks are forced to bank holidays and closures, do you think they will honor pre- existing forward contracts established months prior?
2. Do you think the States will limit currency flows by wires?
3. Do you think the States will limit hard assets (gold and silver bullion) leaving the country at the borders and airports?
Many thanks from a former Kiwi,
CIGA Brad
Dear CIGA Brad,
To answer your questions:
1. No.
2. Yes.
3. Yes.
Regards,
Jim
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