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Jim Sinclair: Gold Going to $50,000

24 Nov

The following 48-minute video moves a little slow, but is a great lecture on the fundamentals of our current economy. More,because the video moves a little slow, it’s not hard to follow and grasp some fairly complex concepts.

Sinclair predicts that gold will rise to $3,500 before or during A.D. 2016. That translates into a 180% price increase over the next two to three years. That’s an average annual increase of 60% to 90% for each of the next two or three years.

He predicts that once physical gold is “emancipated” from paper gold (sometime after A.D. 2016), the price of physical gold will rise to $50,000 per ounce.

I can’t say that every statement or prediction by Jim Sinclair is necessarily true, but every bit of what he says is either true or very plausible.

 

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9 responses to “Jim Sinclair: Gold Going to $50,000

  1. pop de adam

    November 24, 2013 at 4:05 PM

    I read your description of the video but haven’t yet watched it.

    If I posit that gold is going to displace dollars/FRNs as the superior form of currency, how can I continue to value said gold in dollars/FRNs? If I continue upon this path the concept of dollars/FRNs is always going to resist extinction. It is probably as frustrating for proponents of fiat currency that the idea of gold as currency persists.

    I have read that dollars are a measure, and FRNs are negotiable instruments for those that might deluge me with such explanations of the difference. My point and question is if both values are in flux with eachother at all times, what sense does it even make to use either as a measure or definition of the other?

    I would venture none, but it will likely persist.

     
    • Tony

      November 24, 2013 at 11:37 PM

      if both values are in flux with eachother at all times, what sense does it even make to use either as a measure or definition of the other?

      Gold has intrinsic worth. An ounce of gold is worth an ounce of gold. That will never change.

      My point is, it is all about better understanding what the purchasing power of the FRN may be in the future. And a decent measure is to relate it to something of intrinsic worth.

       
  2. kennywally

    November 24, 2013 at 5:33 PM

    well, just WHO is Sinclair exactly? part of the dynasty?! was he trained at tavistock too?! I don’t have any faith in fiat money/promises to pay anymore than the next guy.
    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
    [ pop ] perhaps to keep interest up?, not that gold needs much prompting ! or perhaps the comparison goes on just because…..
    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
    Anyways, the reason frns are still alive is because the puppetmasters are not yet done with them and are serving their purpose yet!
    We’re still being manipulated, but are still outnumbered by the deaf,dumb and blind chattle, so on with the plan…..and if the ratio goes that high, we’ll be in too much doodoo to be able to benefit from that increase anyways.

     
  3. James Timothy Hiott

    November 25, 2013 at 9:11 AM

    sounds like a scam to me….

     
  4. kennywally

    November 25, 2013 at 11:11 AM

    wow…..never thought I’d get censored here…..live and learn I suppose…..

     
  5. kennywally

    November 25, 2013 at 9:50 PM

    ADASK, would you kindly delete my nov 25 comment?

    thanks!

     
  6. kanani

    December 1, 2013 at 10:45 PM

    Gold at $50,000oz, milk at $250.00gal.

     
  7. Cody

    December 5, 2013 at 1:13 PM

    For now…”..as of a few days ago, gold is now trading well below not only the cash cost, but is rapidly approaching the marginal cash cost of $1125…”
    http://www.zerohedge.com/news/2013-12-02/gold-tumbles-towards-marginal-production-costs

     

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