Jim Sinclair: Russia Could Cause Gold To Hit $2000 In 2014
ETFDailyNews.com
March 20th, 2014
The Silver Bug: The Russian and Ukrainian crisis has been discussed extensively by media outlets and this blog over the course of the last few weeks. It is hard to ignore the ramifications that this escalating scenario could have on the global economy, gold and the safety of citizens around the world.
As we previously discussed, Western leaders have threatened economic sanctions in response to Russia’s move to annex Crimea. These sanctions have begun, but has targeted only a select few Russian elites, which are seen as a non game changer.
Sadly, the response from Russia may have much more dire consequences for the global economy. The main target of focus appears to be the US dollar. Russia has already begun dumping US treasuries and could continue to do so, if they are successful in convincing their allies to follow suit, then look out below. For their next course of action, they are discussing is trading their vast oil and gas reserves for anything but the US dollar. This includes the Russian Rubles, gold and Yuan.
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