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Last Updated :May 26, 13:58 IST
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Last Updated : 08 January 2009 at 23:45 IST
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'Dollar is dead. Gold is king'

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By Jim Sinclair
Stop trading and start insuring. It is never too late, just less useful. Play your index fund manipulations if you wish. Play your gold bank quarterly earnings statement games if that makes you happy. Listen to the paid anti gold for lobbyists as you seek to be more wrong than right.

Do all of the above if you will, but at the end of the day (which is coming sooner than you think), the dollar is dead and Gold is king. Weimar is coming and will not be escaped. Weimar can be a bad or even worse than the historical experience.

This is no longer about investment or trading, this is about survival financially, physically and spiritually.

Our retirees are in the cross hairs of time and misplaced trust. Your retirement programs from self directed to corporate will be assimilated into government run programs. The Democrats will cut benefits that you had feared the Republicans would. You are going to be culled from the gene poll in four years.

Harry Schultz lead a parade years ago into money in one country, citizenship in another and body in a third when people thought such a thing was bonkers.

Now it is gold in the mayo jar and Gold shares in non US Gold shares that are incorporated in one country with no operations in the country of incorporation. Only as many units of your venue currency in the country of domicile and other places to go. No EFTs, no agents between you and yours and Gold as INSURANCE, not trading!

In the end even the Chinese will lose their cool and face, because maintaining both is going to cost them simply too much.

The dollar is dead, past tense. It is over, worthless and more are realizing it by the day.

Stop trading and starting insuring.

Courtesy: www.jsmineset.com

NCDEX TURMERICNIZAMABADJUN12 20 June 2012 contract was trading at Rs 0 . What's your view on it?
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