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Rumor Mill News Reading Room, Current Archive

Jim Sinclair's take on the dollar

Posted By: Nameless_one
Date: Tuesday, 25-Aug-2015 19:20:01
www.rumormill.news/25901

In Response To: DOW Ends Down 205 at 15,666 (there are those three six's (CrystalRiver)

Read in the "Resource Consultants Inc. newsletter, that China has put a hold on their investors to not buy or sell for 6 MONTHS! Of course this isn't being told to the public.

On the demand side....
1). So far this year, India has purchased 40% of the world's newly-mined silver.

2). China, which used to export 100 million ounces, now imports it.

3). On Tuesday, July 7th 1 million American Silver Eagles were sold, causing the U.S. Mint to suspend sales for 2 weeks, until new blanks could be procured. (In all of 2014, investors about about 43 Silver Eagles).

3). Canadian Silver Maple Leaf sales continue to flirt with another annual record.

4). New uses are found for silver in industry and medicine on a daily basis

5). Total U.S. 1st quarter silver imports are up 531 metric tons from last year.

Gold's real value is after the crisis has passed. Sometimes you'll hear a person remark that "You can't eat gold in a crisis." That's true. Where gold (silver) really shine is during the period after a currency has been devalued sharply, (think Venezuela, Mexico, Argentina). When the old currency is removed from circulation, your precious metals which will have retained their pre-revision value can be exchanged for the new currency.

Ask a Zimbabwean citizen if they would rather have traded one trillion old Zimbabwe dollars for one new one, called a "banknote" or an ounce of gold for $1,400 new U.S. Dollars...one of several international currency units now used for transactions inside the country? Think about yourself in a similar situation someday.

Thanks for Resource Consultants Inc. for their input.

http://www.jsmineset.com/

: http://www.marketwatch.com/



RMN is an RA production.

Articles In This Thread

Stock Market Opens Higher as China Cuts Interest Rates
CrystalRiver -- Tuesday, 25-Aug-2015 09:51:30
There's an economic war going between the US and China, but most Americans are clueless
NaturalWisdom -- Tuesday, 25-Aug-2015 13:43:00
Is China Getting the Greek Treatment?
NaturalWisdom -- Tuesday, 25-Aug-2015 14:37:05
By Golly, Natural Wisdom's Got It
CrystalRiver -- Tuesday, 25-Aug-2015 14:39:11
Michael Snyder: During Every Market Crash There Are Big Ups, Big Downs And Giant Waves Of Momentum
NaturalWisdom -- Tuesday, 25-Aug-2015 15:01:09
DOW Ends Down 205 at 15,666 (there are those three six's
CrystalRiver -- Tuesday, 25-Aug-2015 16:03:53
Jim Sinclair's take on the dollar
Nameless_one -- Tuesday, 25-Aug-2015 19:20:01
Commodities to have on hand, food and water and silver for the new money *NM*
CrystalRiver -- Tuesday, 25-Aug-2015 20:02:48

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AN EXPLANATION OF THE FACTIONS