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Jim Sinclair: Gold Confiscation Not A Possibility
At SD we have long emphasized to concerned gold and silver investors that government confiscation is not a legitimate risk as the metals reach full valuation at the end of the secular bull run.
The legendary Jim Sinclair sent an email alert to subscribers this morning regarding perceived gold confiscation risks among his readers.
Sinclair stated that There was much to be gained by gold confiscation in the 1930s because we were on a gold standard.. Gold in the 1930s was the only instruments of QE. It is not now nor will it be again in the future. There is no reason except some sort of fear of revenge to consider confiscation of gold, gold shares or the gold ETFs now. Those that worry so much about this do not really understand what gold was under a gold standard.
Sinclair’s full MUST READ alert below:
Of course they won’t confiscate gold now… it is too overvalued. They would have to devalue it like they have done with silver so they can buy it pennies on the dollar first… and that might not be possible.
I see the high price of gold as a result of the fact that the globalists OWN the majority of all the gold on the planet at this point in time… further why they don’t care about your paltry holdings and they can only profit on your blind investment in paper stocks of such.
Silver, on the other hand… is highly undervalued. It makes no sense on any level that an ounce of silver should be $35.