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MUST LISTEN – Annihilation of U.S. Dollar Coming-Jim Sinclair

“…this is why I just accepted a position as Chairman of the Advisory Committee for the Establishment of the Singapore Gold Exchange.” ~Jim Sinclair

by Greg Hunter, USAWatchdog:

Renowned gold expert Jim Sinclair says financial calamity is just around the corner for America. Sinclair contends, “We are facing the annihilation of currency. We are facing the shift of America as the leading and most influential nation of the world to some form of banana republic. . . .

If it wasn’t for food stamps, we would be facing long lines of people waiting for free food.” For gold, everything hinges on the U.S. dollar, and Sinclair says, “I think the dollar gets hammered. I believe we are headed for hyperinflation.” One of the many black swans, according to Sinclair, is the possible abandonment of the U.S. dollar by Saudi Arabia. If Saudi Arabia stopped selling oil only in U.S. dollars, what would that do to the buying power of the buck? Sinclair says gasoline would be “$10 a gallon very soon, without a doubt.”

Sinclair predicts retirement funds and bank deposits are going to be taken by the government. How much of your money could you lose? Sinclair says, “In Cypress, it was a total of 83%. . . . Cypress is the blueprint, and it’s what we are going to experience here in the United States.” Jim Sinclair, who has just accepted the position as Chairman of the Advisory Board for the establishment of the Singapore Gold Exchange, says, “The exchange will trade physical gold only and not future gold. . . . You have to make delivery.” Meaning, there will be no naked short selling or manipulation of this new market. Sinclair says, “This will emancipate gold from the paper price.” How high will gold go? 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.” Join Greg Hunter as he goes One-on-One with Jim Sinclair of

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10 comments to MUST LISTEN – Annihilation of U.S. Dollar Coming-Jim Sinclair

  • 8Ball

    “Gold will reach $50K”. But the dollar will be “annihilated”? So how can Gold be valued in dollars if the $ has been destroyed? Today’s $, 2020’s $? GH gives him a lot of cred for his past “predictions” but conveniently forgets his call of early this year that said: “Gold will never close below $1600 again”. Still waiting for that one Jimbo… Lots of generalizations, assumptions and vaguery; i.e. guesswork and wishful thinking.

    Henry Gondorff: What’s your problem?
    Doyle Lonnegan: I’m putting half a million dollars on Lucky Dan to win, third race at Riverside Park.
    Henry Gondorff: Can’t lay that off in time. A bet like that could break us.
    [Hooker stares at him incredulously]
    Doyle Lonnegan: Not only are you a cheat, you’re a gutless cheat as well.
    Henry Gondorff: What are the odds?
    Eddie Niles: Four to one.
    Henry Gondorff: Take all of it!

    Henry Gondorff: You have to keep this con even after you take his money. He can’t know you took him.

  • Chris

    Mr. Sinclair was right before I could spell ‘gold’. Granted, he was wrong short term but his only fault was engaging in timing a market that can’t be timed. He’s much smarter and has much much more experience than I do, and that’s good enough for me

  • MRH

    As a person who will be steering the new Singapore Gold Exchange–physical gold exchange, not futures–Mr. Sinclair probably has a good idea regarding how gold will preform once that exchange opens and is working in the same manner as the new Russian Gold Exchange and well established Shanghai Gold Exchange. The new Russian Gold exchange is a physical market as well, not futures and garbage like the Crimex and LBSMA.

    Let the haters hate. I’m standing with Jim Sinclair.

  • Jeff

    Ill side with Sinclair also. Did 8ball listen to the entire interview ? The deck is fully stacked against this country and there is no way out of itI believe. The entire planet is doing an end run on the U.S.. and unfortunately it is well deserved.

    • glitter 1

      “The entire planet is doing an end run on the U.S.. and unfortunately it is well deserved.”

      This is all going according to the Globalist’s plan.They have no national allegiance,they are taking down the US as the Global Growth Engine and shifting it Eastward.They are deliberately siphoning the West’s Gold(Wealth)and transfering it to the NWO’s new Global Growth Engine,China.The US will be left a burned out hulk,think Detroit.
      “China is going to lead the NWO and the US had better get used to the idea” – George Soros

  • Bob A

    Best interview I’ve heard in a long time! NOT because of the 50,000 dollar prediction, but because of the soundness of he logic! I stand with Jim. This one needs to stay on the top of the page!! Oh, and I need to start buying gold. I have too much silver!! 🙁

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