Ask the Expert – Jim Sinclair $50,000 Gold

[EE_]

Greetings from my new home in NC! Looks like I got out of the desert before the heat.


http://www.youtube.com/watch?v=GNjAg9x1_s8&feature=player_embedded

[Shami-Amourae]

Is that after or before Gold goes to $500 and stays there for 100 years?

[Shami-Amourae]

http://www.youtube.com/watch?v=xlynzn_s1TE

[Serpo]

Is that after or before Gold goes to $500 and stays there for 100 years?

Yes

[Ponce]

Greetings from my new home in NC! Looks like I got out of the desert before the heat.


http://www.youtube.com/watch?v=GNjAg9x1_s8&feature=player_embedded

NC? North Carolina?.........I was there in 56 and 57 at Chimney Rock Camp for boys and in 64 at Ft Bragg.

Love it there with all those trees.

V

[singular_me]

50,000 gold, the elites will love that... it will speed up massive death by starvation

not to mention that everything will be veryyyy expensive.. and who is going to shop when 80-90% of world population is penniless? Got enough gold?

[gunDriller]

$1650

$1900

$3500

- - - -
$50K

i think, from the Sprott Money - Sinclair interview, that Sinclair associates the $50K price with the separation/ bifurcation of the paper & physical markets.

he doesn't describe in detail the circumstances associated with the $50K price. and details are important, especially when throwing around numbers.

the price numbers are estimates and educated guesses.

the production & consumption numbers are not - worldwide consumption of Gold right now is less than annual production consumed every three months. more than annual production consumed every 6 months.

the world is consuming more than twice what it is consuming. and yet the price falls - a sure sign of a manipulated market.


Sprott discusses the India consumption of silver. with the India government clampdown on Gold, Indians are consuming about half the world's monthly production of silver - in May 2013. Indians consumed about 1100 tons, world production is 2000 tons per month.

and yet the price falls - a sure sign of a manipulated market.


as far as Gold going into the stratosphere, i don't cut the US gov. much slack. i believe they will stick their hand in our pockets, same as they're doing with Obama-care. i would guess, by clamping down on taxes & paperwork. e.g. requiring coin shop customers to fill out 1099's when they make sales, forcing them to report profits - or losses.

[Serpo]

https://www.youtube.com/watch?feature=player_embedded&v=3NHWLs24e1Q#at=104 1https://www.youtube.com/watch?feature=player_embedded&v=3NHWLs24e1Q#at=1041

[Twisted Titan]

50,000 gold, the elites will love that... it will speed up massive death by starvation

not to mention that everything will be veryyyy expensive.. and who is going to shop when 80-90% of world population is penniless? Got enough gold?

And a snickers bar would be 100 grand

[kiffertom]

Is that after or before Gold goes to $500 and stays there for 100 years?youre pretty optimistic ? aren't you?

[Uncle Salty]

And a snickers bar would be 100 grand

Nope. Snickers bar would still cost the same.

Sinclair has just gotten aboard the Freegold train. $50K is the Freegold price of gold once the US dollar is dumped as the world's reserve currency. Only gold at $50K can balance the books on a global scale.

Must read FOFOA to understand this all.

[Twisted Titan]

Only gold at $50K can balance the books on a global scale.





Like that was EVER a possiblity of happening. A 100k snickers bar means that only handful of people can actually affford it.

Which is just want they want because it is easier to keep the Goys in line.