Financial Pressure Cooker Bomb Cooking Now -- Jim Sinclair

 Renowned gold expert Jim Sinclair says, “You have a pressure cooker bomb cooking like the terrorists use. It’s cooking, and it makes gold a storehouse of value and not a currency. It’s just a storehouse of value. It turns it into a savings account. The only one that will work. The only one without a counter-party. The only one that doesn’t need a market that can trade in physical (metal) and huge size physical. China and Russia are not buying gold as some sort of investment. They are buying it as a policy because they see clearly that is no tool left in anybody’s toolbox to fix what the geeks have done. They have killed us, and they have killed themselves. There is one fat shark out there that is now about to experience starvation.”

In closing, Sinclair says, “When it’s all said and done, there will be a catastrophic big bang, and then the only thing that will be left is your savings account. Your savings account is not silver, although it will outperform gold, your savings account is going to be gold. It’s going to happen because all currencies, even the roaring dollar, are falling in terms of being a storehouse of value. Capitalism is finished. I can’t tell you what the next system will be, but capitalism is over because the heart of capitalism is markets. Without markets, you cannot have a capitalistic system—it’s over.”





The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

Jim Sinclair : Russia Can Collapse The American Economy

Jim Sinclair: Russia Can Collapse US Economy, Gold Update, Silver is Gold on Steroids & More ...Gold expert Jim Sinclair is issuing a warning of a massive downside risk to U.S. sanctions against Russia. Sinclair says watch the "struggling dollar" and Russia accepting any currency for oil and natural gas. Sinclair explains, "It's struggling . . . because it smells the real teeth of retaliation for sanctions being in the simple acceptance of any currency whatsoever for payment for gas to Europe. Believe me, they will settle in other currencies. . . . It makes energy cheaper. Why in the world would anyone want to pay in dollars if they can pay in their own currency? Russia could retaliate in a way that would have phenomenal impact on the U.S. dollar. . . . Russia has the upper hand. They have it in their ability to turn the U.S. economy upside down and into collapse. There is no question whatsoever. Putin doesn't need a nuclear bomb. He has a nuclear economic bomb that he can set off at any time." What would the price of gold be this year? Sinclair predicts, "Gold has $2,000 an ounce in its sites in 2014." On silver, Sinclair says, "Silver is gold on steroids. When gold takes off, silver goes up faster. . . . So, the idea you are going to get an old high on silver or better is a given." Join greg Hunter of USAWatchdog.com as he goes One-on-One with Jim Sinclair of JSMineset.com

JIM SINCLAIR - The Coming USD COLLAPSE, Future for GOLD PRICE, U.S. DEBT & HYPER INFLATION

Appearing on CNBC yesterday, former Congressman Ron Paul warned that if the US continues on its current course, the dollar will collapse, and gold will literally be priceless.

"Eventually, if we're not careful, it will go to infinity, because the dollar will collapse totally," Paul said on CNBC.com's Futures Now.

"As long as we have excessive spending, and excessive computerized money, we are going to see gold go up," Paul urged, noting that as the value of the dollar is destroyed, everything measured against dollars will increase in value.

Jim Sinclair: Gold Will be $50,000 per Ounce, Gold Confiscation, Dollar Gets Hammered and More

According to Jim Sinclair of JSMineset.com, by 2016, "Gold will be $3,200 to $3,500 an ounce." By 2020,

Sinclair predicts, "Emancipated gold will be $50,000 per ounce." As far as gold confiscation goes, Sinclair says that Its not going to happen, but a windfall tax could definitely be in the cards. Join Greg Hunter as he goes One-on-One with renowned gold expert Jim Sinclair.

JIM SINCLAIR ~ Hold your Gold and get out of The System

From: Jim Sinclair's JSMineset 10/07/13
"Nothing will unnerve the paper gold shorts more quickly and do more to undercut their confidence than to strip them of the real metal and force them to come up with more hard gold bullion to make good on deliveries. "Stand and Deliver or Go Home" should be the rallying cry of the gold longs to the paper gold shorts." --Trader Dan Norcini

QE to Infinity, followed by Gold balancing the balance sheets of the sovereign balance sheet disasters. Just as there is no tool other than QE to feign financial solvency, there is no tool to balance the balance sheet of the offending entities other than Gold. It is just that simple. --Jim Sinclair
My Dear Extended Family,
Gold is a unique currency.
Gold becomes money when money fails.
Gold is competition with fiat currency.
Gold is not a commodity
Gold is a barometer of fear.
Attempts to break the barometer in order to avoid fear are futile both in trying to hold the value of gold down as well as preventing fear.
Gold is a barometer of confidence in government's functionality
Gold is insurance. Trading your insurance is dangerous because when you need your insurance it will out-price itself immediately by hundreds or thousands of other currency units.
Inflation equals money squared. Hyperinflation is a currency event, not an economic event.
Gold is the financial high-ground when a Global Tsunami hits, such as sovereign default or the real threat thereof.
Gold in your hand eliminates counter-party risks.
Gold in hand removes financial agents between you and your assets.
Gold ETFs defeat the definition and purpose of gold and are therefore poor choices for the gold investor.
Claims on paper gold by ETFs far exceed anything that the true cash physical spot market could EVER provide.
Velocity of money represents attitude of all consumer types from business to household.
Velocity of money would spike when confidence in a currency is lost in terms of that currency.
There is no practical way to drain debt from the fragile economic recovery therefore QE must go to infinity.
Margin in gold is a financial death wish.
A weak currency is a symptom of Inflation in Monetary Aggregates.
The price of gold has many enemies, but the most seditionist are those who claim to be friends of gold - the majority of those authorities that write on gold.
Hold your gold and get out of the system.