In this report I cover the early market action from London on Thursday, August 23rd, 2018. I look briefly at the precious metals, the dollar, tha stock market and the emerging market currencies.
Today I talk about Jim Sinclair or the original "Mr Gold" of the 1970s Bull Market. I have been following Jim's blog since 2002 and owe a great deal of my knowledge about the precious metals market to his generous service of educating the public through his blog www.jsmineset.com.
Recently Mr Sinclair has written to his subscribers and followers about how having gold now is of paramount importance as the whole house of cards or fiat money system comes crashing down. Like me he points out to the fiat currency mayhem going on in the emerging markets and how that is a symptom of the demise of the fiat dollar.
Jim Sinclair concludes that gold is the instrument by which the United States of America as will be able to rebalance its balance sheet that then precious metals will reflect true economic reality as the world has been living in a make believe paper or fiat money system since the late 1960s.
“When” Is Now! by Jim Sinclair: https://www.jsmineset.com/2018/08/20/when-is-now/
maneco64 store: https://teespring.com/en-GB/stores/maneco64
A Pocketbook of Gold by J. Sinclair and P. Carlin: https://www.amazon.co.uk/gp/product/0984471200/ref=as_li_tl?ie=UTF8&tag=maneco64-21&camp=1634&creative=6738&linkCode=as2&creativeASIN=0984471200&linkId=8586217dea2e90db2ebc01c863322224
Our Crowd by Stephen Birmingham: https://www.amazon.co.uk/gp/product/0425075575/ref=as_li_tl?ie=UTF8&tag=maneco64-21&camp=1634&creative=6738&linkCode=as2&creativeASIN=0425075575&linkId=dbe56b9c6d6d5d6f14be72a96853086a
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Thank you for introducing Jim Sinclair's personality. Could you introduce more figures in Gold & Silver community one by one? Because there are many banker's agent speaking about price moves hiding their true intention.
""Excellent video Maneco! Ahh’m sae glad ye talked abit Jim! Ahh troost th' wuid ay Mr. Sinclair an' hae followed heem fur mony years! Comin' frae an' important fowk in mah homelain ay Scootlund an' historically connected tae th' Rosslyn Chaple (of th' Templars ay ages past). Th' time ay global reckonin' is near, Ahh believe thes. In todays events, Ahh believes it wood be wise tae observe th' current, historical Buy Cycle ay Silver! It main weel be th' opportunity ay a lifetimes!"-Keptin Joshua Slane
Even if you own PMs, gold @ 50,000USD will turn society into a living hell for years to come. I have difficulty imagining what it would be like. In Venezuela at least they have the "comfort" of having goods smuggled into the country from the outside. How will this be possible with a global Venezuela?