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Jim Sinclair – Debt Jubilees Are Already Happening ; $50,000 Gold Is Coming

USA Watchdog, Released on 5/10/20

Is a biblical debt jubilee coming to America? Sinclair says, “We already have jubilees. If you don’t pay your rent, you have a jubilee. If you don’t pay your student loan, you have a jubilee. If the payment of your auto insurance is postponed, you have a jubilee. We’ve got jubilee after jubilee after jubilee. Keep in mind, one man’s jubilee is another man’s disaster. It’s almost as if the Bible is correct in terms of economics. Also, keep in mind, the people who aren’t being paid are being hurt very badly.”

Sinclair thinks the recovery will take a decade or longer, and Sinclair says, “It will be just like the period between 1929 up to WWII (1941).”

Sinclair also stands by prior predictions of an extremely high gold price in the next few years. Sinclair says, “The price on the low end is $50,000 per ounce. The true price is $87,500 per ounce.” Sound outlandish? Not if you listen to his simple math for coming up with this price range for the yellow metal.

Jim Sinclair, aka “Mr. Gold,” is a precious metals specialist and a commodities and foreign currency trader. He founded the Sinclair Group of Companies (1977), which offered full brokerage services in stocks, bonds, and other investment vehicles until they were sold in 1983. From 1981 to 1984, Mr. Sinclair served as a Precious Metals Advisor to Hunt Oil and the Hunt family for the liquidation of their silver position. Mr. Sinclair is Chairman of Tanzanian Royalty and now leads its efforts to become a gold producer and royalty company. He has authored numerous magazine articles and three books dealing with a variety of investment subjects. He is a frequent and popular speaker at gold investment conferences and his commentary on gold and other financial issues garners extensive media coverage at home and abroad. In January 2003, Mr. Sinclair launched, “Jim Sinclair’s MineSet” which now hosts his gold commentary and is intended as a free service to the gold community.

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