JIM SINCLAIR: GOLD CONFISCATION NOT A POSSIBILITY
NOVEMBER 24, 2012
At SD we have long emphasized to concerned gold and silver investors that government confiscation is not a legitimate risk as the metals reach full valuation at the end of the secular bull run.
The legendary Jim Sinclair sent an email alert to subscribers this morning regarding perceived gold confiscation risks among his readers.
Sinclair stated that There was much to be gained by gold confiscation in the 1930s because we were on a gold standard.. Gold in the 1930s was the only instruments of QE. It is not now nor will it be again in the future. There is no reason except some sort of fear of revenge to consider confiscation of gold, gold shares or the gold ETFs now. Those that worry so much about this do not really understand what gold was under a gold standard.