An excellent interview by Jim Sinclair the legendary investor known as Mr. Gold for his remarkably accurate timing regarding the gold bull market of the 70’s. In this King World news interview Jim explains the reasons behind the recent gyrations in the gold and currency markets. Here are some of the main ideas he touches upon:
- The bogus "gold is in a bubble" claim and how the Chinese are playing the market.
- The coming mania in hard assets particularly gold, as the dollar loses reserve currency status.
- Going forward the volatility in the gold market will be even more violent.
- The dollar is like the common stock of the United States. Unless the country fixes its balance sheet the direction for the dollar is lower. You can create a temporary dollar rally but you cannot give it legs, without solid economic fundamentals.
- The control over U.S. spending will be enforced not by domestic pressures but externally by the lenders of the United States.
- A one world currency and one world central bank is possibly on the cards.
Listen to the complete Jim Sinclair's interview on King World News here
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