Is Sinclair losin' it? What a misspeak!!!!!

[beefsteak]

new email blast just received.


My Dear Extended Family,

This very important court decision brings up two more extremely important questions. There really is an elephant in the court room. This decision is going to have an impact.

1. Roosevelt's confiscation of gold may appear unconstitutional. Should any such thing be considered in the future there would be a significant risk of a constitutional challenge.

2. The constitutional definition of a dollar is 371 and 1/4 grams of silver or 1/15th of that number in gold. That opens the possibility of defining the dollar in value of a standard. For your information the measure of one troy ounce is 28.3495231 grams.

This is no joke. This is going to have an impact in time.

Respectfully,
Jim

Troy oz = 31.103 grams. AV oz. = 28.35g

[mamboni]

Yeah, while he is clearly a brilliant financial and metals analyst, little mistakes like that cause one to pause. One hates to quibble over little erratum - but then again, this is so basic a factoid.

[beefsteak]

Wanna go in together and buy up all his barbarous relics at 28g per? LOL

[chad]

maybe sinclair sells on ebay.

[mamboni]

I just checked his home page and Sinclair has corrected the number to 31.1..... Maybe he reads GSUS?

[Neuro]

Further it is 371 an 1/4 grains of Silver to a dollar not grams...

[Twisted Titan]

Which was based of the composition of the Spanish Thaler(dollar) which was pretty much the coin of the relm at the time the composition of the unit was taken into study as to what our monetary to be composed of.