According to Legendary gold trader Jim Sinclair,
The real gold show is only starting…
I believe the recent long decline to be but a reaction in the giant bull gold market…
Being prepared for an emergency is something we all need to consider.
The disruption of services (utilities, transportation, commerce, etc.) we depend on can create societal conditions in which we may need to depend on ourselves and our personal resources. Our wellbeing and the wellbeing of our loved ones may depend on our preparedness in the times to come. Precious metals alone won’t be enough to keep us safe from harm.
My e-mail box has been filled up this week with panicked owners of gold.
Some who own gold assets have come to the mindset that even though they know precious metals are manipulated, they fear it will “go on forever”. The same goes even for some of the leaders in the gold community, weak knees abound.
The bottom line is this: once the last once of deliverable gold is received, the game will end.
A few years back while opining of a market/financial collapse from behind bars, Mr. Armstrong was adamant that gold would move to $5,000+ per ounce or higher as a result. He called them cause and effect at the time, and stated that gold would be the safe haven from a dysfunctional system.
What has changed?
This is a very important question in my opinion… what has changed and why did this change immediately take place after they sprung the prison doors open?
Did sunlight give him a change of “heart” (and logic) or was the federal “company mantra” part of the key to his release?
“The business of markets is dead. It is going to remain dead, killed by the demons who claimed publicly to have been doing the work of god.
Now these same perverted players are running for cover themselves to save the trillions they have made…“