07 Aug

Gold Key, weighing one kilogram is used to acc...

Image via Wikipedia

James Turk interviews Jim Sinclair (video below) about falling confidence in the economy and fiat currencies, and the approaching “Emperor is wearing no clothes” moment.

Most importantly, Mr. Sinclair outlines what he describes as the the mathematical significance of gold reaching the price of $1764.   Mr. Sinclair suggests that beyond $1764, the price of gold could go “exponential“–meaning the price could skyrocket.

Note that the current, “New York Spot Price” of gold is $1664–only $100 less than the $1764 price Sinclair predicts may trigger exponential price increases.  Note also, that the price of gold has jumped $130 in just the past 30 days–including a $40 one-day increase last Thursday.  As of 9:34 PM (Central) on Sunday night (Aug. 7th), the overseas spot market price of gold has jumped $31 to $1695.

Implication:  gold seems virtually certain to hit $1764 within 30 days–perhaps before the end of August–or potentially even this week (August 8th through 15th)

Whether “$1764” is the “magic number” Sinclair believes it to be, remains to be seen.  But it’s virtually certain that there is a number, somewhere, that will signal the beginning of an exponential rise in the price of gold.  That “number” could easily be reached before the end of this year.

Sinclair is convinced that owning gold now is one of the few things you can do to protect yourself from a fast-approaching, financial catastrophe.

“We are on the cusp of a very difficult and serious situation. . . .  We are at a point where it almost too late.”

I agree.  I believe we are going to see some real trouble before the end of this year.  That trouble might even manifest in the next few weeks.

video  00:10:10


Tags: , , , , , ,

12 responses to “$1764

  1. joblessinusa

    August 7, 2011 at 3:40 PM

    WARNING! YOU CAN NOT EAT GOLD. YOU CAN NOT BURN IT IN YOUR CAR. YOU CAN NOT WEAR IT. You can not shoot it from your AR15. You can however carry it around. You can also look at it as somebody pulls it from your dying hand.

    MUCH better to invest in things that really matter in a SURVIVAL situation…

    • Dan

      August 7, 2011 at 11:58 PM

      When gold goes “exponential” it’s value, in terms of FOOD, GASOLINE, CLOTHING, and AMMO will be astronomical: quadrillion-to-one, quintillion-to-one, sextillion-to-one, septillion-to-one, and so forth.

      So DON’T buy any gold. DON’T buy any silver either.

      Of course, one could buy food, gasoline, clothing, ammo, AND gold (or silver)…but that makes to much sense I guess. Does it have to be an either/or thing?

    • Adask

      August 8, 2011 at 1:05 AM

      It’s absolutely true that you can’t eat gold. You can’t eat AR-15s or bullets, either. You can’t drink the gasoline that runs your car. And while you may be able to eat corn, cabbage and steak, you may not be able to store it for long if the economy collapses.

      Gold is not a perfect solution to all problems. Neither are AR-15s. Gold is one of a constellation of choices that are available and may help your circumstances in the event of a serious economic shutdown.

      In truth, the only thing you can really rely on is not gold, dehydrated food, or AR-15s–it’s your relationship with the God of the Bible. With or without gold, guns, or food, you’re good to go if the Good LORD has His hand on you.

      But I also think that the Good LORD expects you to prepare. Trouble is coming. Stock up on whatever you think you might need. Gold is one option.

      The ultimate utility of gold all depends on how bad things really get. In a complete collapse, your most important investments may be in a Bowie knife and your ability to make a bow and arrows out of some sticks, stones and catgut. On the other hand, if the “collapse” only takes us into a very serious economic depression, your access to gold could determine whether you eat or even die.

      If you can tell me how bad things are sure to get, I can tell you exactly what you’ll need to survive. If you can’t tell e how bad things will get, but only that things are going to get “bad,” then you’ll need a variety of “survival supplies”. In the context of whatever trouble ultimately occurs, some of that variety of survival supplies will turn out to be unnecessary–other elements of that variety will turn out to be critical. Which will turn out to be unnecessary and which will turn out to be critical cannot be known until the ultimate circumstances of the possible collapse are known for a fact.

  2. Adask

    August 8, 2011 at 12:40 AM

    When/if the price of gold goes “exponential,” it will mark the onset of hyper-inflation. Certainly the prices of other goods, services and especially commodities will also increase dramatically.

    But the price of gold should increase even more dramatically. The net results should be: 1) the purchasing power of your savings invested in gold should at least be preserved; and 2) the purchasing power of your gold will probably increase more rapidly and dramatically than the prices of almost all other goods, services and commodities.

    If so, by purchasing gold you’re virtually certain to not lose and my might win big. On the other hand, if you want to hang onto your cash or other paper debt-instruments, it’s 1) almost impossible that you will “win” (see the real value of your paper debt-instruments increase); and 2) virtually certain that you will lose your assets.

    Buying gold is not a perfect solution to the coming problems, any more than boarding a lifeboat was a perfect solution for those riding the Titanic. But within the context of the available options, buying gold is one of your best choices.

  3. joblessinusa

    August 8, 2011 at 1:02 PM

    So the question for ME is: Just what will I cash in (sell) so I can have a Krugerand or something?
    Hmmmm… House! No. Tried that last winter. Car! NO! NO! I Need that! GUNS! NO! NO! I’m gonna need those! My film camera collection…. Gee that didn’t bring much. Now they’re gone. Shucks…. Hmmm…
    Wait! I have some FOOD stored. OH OH .NO I’m gonna NEED that too…. I know I can get a job at dollar an hour Wal-Mart ( We Always Lie- Made in Asia using Recycled Trash) and buy, oh how much?

    Well not much….

    I cleaned and checked my Remington 870 AND my AR15 today. Everything is Right and Tight! Powder is dry. Clips loaded and checked. Good to go….

    The awful truth is 99% of the people in this country won’t be buying ANY gold at $1700 an once. None.

    Something you have not thought of: Who in their right mind will buy it (gold) from you AFTER the EVENT???

    With what??? When they are as hungry as they have EVER been, your gold will not interest them and if it does certainly NOT in the way YOU WANT TO BE NOTICED. YOU had better keep it well hidden….and keep that gun in plain view.

  4. Dan

    August 8, 2011 at 11:53 PM


    Silver, considering its 6000 year history, holds its value as good as gold. Presently it has more upside potential. It is presently available for about $40 bucks an ounce. This comes under your “or something” question above. I suggest you cash in your Beer Meister and you can afford a whole handful of .999 Fine Argentum.

    There are also other metals that may be used as money and one of these is copper. Another one is aluminum. Tobacco fits the bill too and has actually been used as money in the past in America.

    Money is A STORE OF VALUE. A value is that which one acts to gain and keep.

    Money must be portable. Money must NOT be easily counterfeited. Money must also be durable so that it retains its form as it changes hands. Money that has intrinsic value cannot be inflated like fiat currencies.

    But the REAL point you are trying to make here is twofold.

    1: You obviously have a disdain for anyone who has $1700…OR $17,000 to put aside; even AFTER they buy food, land, guns, ammo, whatever.

    2. Your description of yourself as being armed and ready to go shows that you easily resort to the initiation and use of force in dealing with people.

    So I am calling shenanigans on you. I think you are either some drunk living in a cardboard box somewhere OR you are a Federal antagonist of some kind; probably on Federal probation and being manipulated by your Federal probation officer.

    “Of course, that’s is just my opinion. I could be wrong.”

  5. UA

    August 9, 2011 at 12:23 PM

    It’s at $1740 right now. ;)

    • Adask

      August 9, 2011 at 12:27 PM

      It very nearly reached $1,780 last night in the Hong Kong market. It dropped down in the London market, but it seems likely that we may surpass the $1,764 point before the end of this week. Then we’ll have a chance to see if Jim Sinclair’s observation was astute or premature.

  6. Dan

    August 10, 2011 at 6:44 PM

    August 10, 2011: “Gold Hits $1800, Tops Platinum:

  7. thefictionme

    July 21, 2012 at 12:27 AM

    My government have been replacing gold..well sorta gold coins with silver one and it is light as.. plastic! but when lick it, it taste like… iron maybe idk.. :(
    I am now keeping as much old silver coins as possible.. just for the sake of my future. I don’t have any idea of what to do with them yet in the future.. I just feel like keeping them are necessary. thx for the post! it is inspiring!

  8. thefictionme

    July 21, 2012 at 12:28 AM

    Reblogged this on thefictionme and commented:


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s