Jim Sinclair – Debt Jubilees Everywhere True Gold Price Is $87,500 Per Ounce -
Is a biblical debt jubilee coming to America? Sinclair says, “We already have jubilees. If you don’t pay your rent, you have a jubilee. If you don’t pay your student loan, you have a jubilee. If the payment of your auto insurance is postponed, you have a jubilee. We’ve got jubilee after jubilee after jubilee. Keep in mind, one man’s jubilee is another man’s disaster. It’s almost as if the Bible is correct in terms of economics. Also, keep in mind, the people who aren’t being paid are being hurt very badly.”
Sinclair thinks the recovery will take a decade or longer, and Sinclair says, “It will be just like the period between 1929 up to WWII (1941).”
Sinclair also stands by prior predictions of an extremely high gold price in the next few years. Sinclair says, "The price on the low end is $50,000 per ounce. The true price is $87,500 per ounce.” Sound outlandish? Not if you listen to his simple math for coming up with this price range for the yellow metal.
Join Greg Hunter as he goes One-on-One with renowned gold expert Jim Sinclair.
Kirkland Lake Gold Reports Strong Financial and Operating Re KL.C Kirkland Lake Gold Ltd Intraday Analysis Add to Watch List FAQ Symbol Last Trade Date Change Open High Low Volume KL.C 59.78 May-08-2020 -0.68 60.05 61.67 59.73 1,087,994Note: Canadian symbols now end in .c i.e SYMB.C Analysis Overall Short Intermediate Long Bullish (0.35) Bullish (0.40) Bullish (0.33) Bullish (0.32)
Kirkland Lake Gold posts best total return on TSX over past decade -
Kirkland Lake Gold has posted a total return of more than 6,000 per cent over the past decade. CEO Tony Makuch joins BNN Bloomberg to talk about how the company got here, what the future holds and his Detour Gold takeover.
Kirkland Lake Gold posts best total return on TSX over past decade -
Kirkland Lake Gold has posted a total return of more than 6,000 per cent over the past decade. CEO Tony Makuch joins BNN Bloomberg to talk about how the company got here, what the future holds and his Detour Gold takeover.