Use Logic, Not Your Emotions
by Jim Sinclair
JSMineset
Dear CIGAs,
If you believe that fiat paper will survive this you are so wrong. Gold is the only asset that will survive the constant manufacturing of paper money and the dynamic expansion of debt.
Pension funds, if they had to mark their assets to market, would be as broke as the Student Loan Program is. If student loans get forgiven it is a direct payment, in a sense, to each loan holder for their loyalty.
How can ANYONE even think about such a thing as the country approaches the popular new MSM boogey man, the Fiscal Cliff?
So many of you are being fooled by the gold and silver manipulators. Gold is no different today than it was at $248. We were being hit then on every move up. It was 10 steps forward and 9 steps back. The only thing is that gold then had little volatility, and today it is getting wild.
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2012-12-01 19:41:00
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