You are here
Cyprus bailout terms are doubly provocative for gold, Sinclair tells King World News
10:35a HKT Sunday, March 17, 2013
Dear Friend of GATA and Gold:
Mining entrepreneur and gold trader Jim Sinclair tells King World News today that the move by European governments to force bank depositors in Cyprus to pay for a rescue of banks in that country --
http://www.reuters.com/article/2013/03/16/us-eurozone-cyprus-idUSBRE92E0...
-- is provocative in two ways and could spike the price of gold. An excerpt from the interview is posted at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/16_Si...
Also interviewed by King World News, Sprott Asset Management CEO Eric Sprott notes how Sinclair's prediction of a gold price in the $1,600s seemed wild when it was made more than a decade ago but has come true. Sprott also says that silver for investment holding is likely to run out before gold does:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/16_Er...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Fred Goldstein and Tim Murphy open All Pro Gold
All-Pro Gold, run by long-time GATA supporters Fred Goldstein and Tim Murphy, offers its services to GATA supporters and anyone else interested in precious metals. The company brokers a full line of precious metals and numismatic coins. It aims to inform prospective clients about the importance of the monetary metals as part of a diversified financial portfolio and to keep prospective clients current with market trends. All-Pro Gold has competitive pricing and ships promptly to clients so they may have physical possession. Learn more by e-mailing Fred@allprogold.com or Tim@allprogold.com or telephone 1-855-377-4653 or visit www.allprogold.com.
Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:
http://www.goldrush21.com/order.html
Or by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
