You are here
Physical market has smashed gold paper, Sinclair tells King World News
9:40p ET Thursday, May 6, 2010
Dear Friend of GATA and Gold:
Eric King of King World News today got a most incisive 12-minute interview out of Jim Sinclair, chairman of Tanzanian Royalty Exploration, proprietor of JSMineSet.com, and America's "Mister Gold," in which Sinclair remarked, among other things:
-- Physical demand for gold has overwhelmed paper gold selling five times in the last two weeks and the cash market will run the gold market
-- Gold is now the leading currency.
-- While the bankruptcy of Greece is convulsing the financial markets, the bankruptcy of California is four times worse.
-- All states and nations will be bailed out by central banks with "quantitative easing to infinity."
-- The continuing pessimism about gold's prospects is a guarantee of higher prices.
-- The decline of currencies may produce a "Weimar effect" on equities, pushing them up.
-- Confidence in government currencies can evaporate overnight.
You can find the interview with Sinclair at the King World News Internet site here:
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/5/6_Ji...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Coming Friday-Sunday, June 11-13, at the Dallas-Fort Worth Airport Marriot:
The Anglo Far-East Bullion Co.'s Gold and Silver Conference
The conference will explore the dangers and opportunities in today's bullion markets and the need for investors to diversify bullion holdings outside of bullion banking and commodities markets. Speakers will include David Morgan of Silver-Investor.com, Gold Anti-Trust Action Committee Chairman Bill Murphy, and Duncan Cameron and Philip Judge of Anglo Far-East Bullion Co. The earliest conference attendees on Saturday will be able to schedule one-on-one interviews for personal consultation with Anglo-Far East's experts on Sunday.
Watch future GATA Dispatches for registration information.
To learn more about and register for the Anglo Far-East Bullion conference, please visit:
http://www.anglofareast.com/seminar-registration/
Support GATA 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
Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:
* * *
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:
http://www.gata.org/node/16
The Silver Saver Program
A unique silver savings program has been developed by trusted friends of Silver-Investor.com founder David Morgan, perhaps the world's best-known silver market commentator.
In the Silver Saver Program you buy silver in select increments and at competitive prices. You enter the market through dollar cost averaging.
The program is easy to start and is automatic but also easily modified if you wish.
Your silver can be delivered to your door. If the program no longer meets your needs, you can stop at any time.
"This program," Morgan says, "not only receives my full endorsement but also adheres to the tenets I set forth in 'The 10 Rules of Silver Investing' -- dollar cost averaging and putting real silver into your savings plan.
"As an introductory promotion, if you decide participate in the Silver Saver Program, I will send you a free copy of 'Silver in the Next Decade,' one of the most important Morgan Reports I have written. And you will have the opportunity to read the Morgan Report free for 30 days.
"Now more than ever it is important to accumulate physical silver and to stay informed on major economic developments. My reports cover money, metals, and mining, but I have always stressed the need to have physical metal. The Silver Saver Program will help you achieve a solid position in silver."
For more information, please visit www.Silver123.net.
If you would like to talk to someone about the Silver Saver Program, telephone our team at 785-727-2277.
