Sean & Rory, SGT Report, Released on 10/1/16
This weekend the mainstream media is reporting that ‘Germany’s Merkel cannot afford to bail out Deutsche Bank’, to which we say, yeah no kidding. The $75 Trillion in derivatives on Deutsche bank’s books are sinking the bank like the Titanic, and the situation is terminal. Jim Sinclair and Bill Holter from JS Mneset join me to discuss what Jim says is “the most dangerous period in world history” and as goes Deutsche bank. “so goes the world.”
Bill Holter is currently a writer for Miles Franklin and Jim Sinclair’s Mineset where he posts weekly commentaries on gold and financial markets. Prior to joining Miles Franklin in 2012, Bill Holter Worked as a retail stockbroker for 23 years, including 12 years as a branch manager at A.G. Edwards. Later, he left Wall Street to avoid potential liabilities related to management of paper assets. Bill was a well-known contributor to the Gold Anti-Trust Action Committee (GATA) commentaries from 2007-2012. Bill became a writer for Jim Sinclair’s Mineset in 2015.
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.