Armstrong Economics: Down-Under Turning Upside-Down(Martin Armstrong, 03/25/12)
Armstrong Economics: Gold Martin Armstrong, 03/25/12)
(THIS ARTICLE ON GOLD CAUSED JIM SINCLAIR TO RESPOND WITH THIS STATEMENT:)
My Dear Friends,
A man who the gold gang helped get out of the can with thousands of letter on his behalf is talking trash about the dedication of gold investors.
I firmly believe he is dead wrong, and shooting himself directly in the foot. I knew him in the 70s and I guess nothing really ever changes.
Respect and gratitude is not the long suit of many. Have no fear because we are here.
Regards,
Jim
GT sez:
I PERSONALLY THINK JIM SINCLAIR IS BEING A BIT NARROW MINDED ON THIS.
HE IS NOT A 'GOLD GOD' AFTER ALL AND JUST 'MAY' BE WRONG, OR OFF ON HIS SCHEDULE A BIT AS HE WAS ON THE $1650 GOLD PRICE. THERE ARE TOO MANY VARIABLES IN THIS LIFE TO BE PRECISE.
IN THE END WE CAN ALL BE SURE THAT THERE IS GOING TO BE AN ECONOMIC COLLAPSE AND THAT GOLD WILL BE AN IMPORTANT PART OF THE SURVIVAL OF YOUR MONETARY ASSETS RATHER THAN PAPER MONEY WHICH IS BEING RAPIDLY DEVALUED BY OVER PRINTING IT. OTHER HARD ASSETS WILL RETAIN VALUE ALSO. IT JUST SO HAPPENS THAT GOLD AND SILVER ARE A MORE FLEXIBLE AND EFFICIENT MEANS OF HOLDING YOUR ASSETS AS HAS BEEN PROVEN FOR THOUSANDS OF YEARS OF EMPIRICAL EVIDENCE.
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