Sunday, November 3, 2013

Annihilation of U.S. Dollar Coming-Jim Sinclair

Let me de-brief you on Jim Sinclair's track record.  He predicted gold would soar above $850 in the 1970's, when it was fixed at $35.  He sold at the 1980 absolute top--to the day, at $875.

When gold was languishing below $300 a decade ago, he predicted gold would reach $1650.   In 2011, gold reached a peak of $1923.  With gold in the low $1300's recently, he is forecasting price targets of $3,500--and $50,000.

I hope he is wrong.  But over the last four decades, he hasn't been.
Sinclair predicts, by 2016, “Gold will be $3,200 to $3,500 an ounce.”  By 2020, Sinclair predicts, “Emancipated gold will be $50,000 per ounce.”

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