JIM SINCLAIR: THE BRIGHT FUTURE OF GOLD: THE FINAL SOLUTION OF THE 2008 MONETARY CRISIS
DECEMBER 28, 2012
Jim Sinclair, the man who predicted gold would reach $1650/oz over a decade ago sent an email alert to subscribers tonight, stating that the Euro-zone, Russia, and China will determine the future of gold, as the financial power has shifted from the US and UK to the East.
Sinclair also states that the purpose of QE was and is to transfer worthless assets on the books of the TBTF banks onto the Central banks themselves, and thus forestall the inevitable complete collapse of the western financial system.
Sinclair states that the Federal Reserve has no means of ever unwinding the worthless and toxic junk assets it has taken onto its balance sheet, and that the mathematics of the price of gold’s response to what has already occurred are now well in excess of $4,000.