Jim Sinclair

[Indiana Jones]

Gold Confiscation Rumor Control

October 30, 2012, at 6:20 pm
by Jim Sinclair


My Dear Extended Family,

This is major rumor control that I feel you must understand if you are to know gold.

I am sick of all this confiscation talk of gold and even gold companies. It emanates from gold people who do not know or understand the history of gold. We condemn MSM for inaccurate, false and misleading news. I condemn gold writers who practice sensationalism, who offer their opinions as if they were facts and simply make things up out of thin air as if they were insiders privy to things that no one else is. Right now leaders of this community are printing stuff as misleading as MOPE or MSM ever have.

Apparently the Scottish hedge fund manager Hendrey, who is by his own admission "short some gold shares," is warning about confiscation without remuneration of gold companies above gold $3000. Either he has never studied gold history, or totally misunderstood its role in the 1930s.

Eric De Groot put what I have been trying to teach you perfectly today. In the 1930s gold was to the monetary system what QE is today, a means of increasing the supply of money for Fed and Treasury discretionary use. The US Secretary of the Treasury and President Roosevelt set the gold price higher at their daily breakfast together arbitrarily. Higher because to create money then the system required a higher value of gold to have more money outstanding. This is why Roosevelt ordered the confiscation of gold in order to unfold his type of monetary stimulation, his QE. This is what confiscationophiles simply do not know.

Your fears and the outrageous untrue statement by the Scottish hedge fund manager are based on totally wrong reasoning and misunderstanding. Gold was not confiscated because it was going up in price. Gold’s order of confiscation came as a tool of monetary stimulation in order to create monetary creation in order to attempt to increase employment. The order of gold confiscation had nothing whatsoever to do with punishment of the gold holders. It preceded the then big run up in the gold price. Believers in confiscation, because they are incorrect on its basis, are totally wrong in predicting it. Those that predict confiscation of anything gold love sensationalism and benefit somehow from scaring the dickens out of you unnecessarily.

Gold companies will not be confiscated any more than oil companies were when oil traded at $145. You think this is some sort of punishment for profit? You are thereby fearing something that simply will not happen. You are like an Apple stockholder fearing that the government will confiscate their company because of the popularity of the iPhone.

I am sorry to see how gullible some of you can be. If you assume fund manager Hendrey was well meaning in his statement then he disqualifies himself from an understanding of gold’s roll historically in monetary science. That then disqualifies his position actually published in this community. Any source that published Hendrey’s false confiscation Dogma statement without this clarification is demonstrating the writer’s ignorance of gold and its purpose in the 1930s. If you do not understand what gold was then you will never understand the new role that gold will play.

In terms of rumor control, Turkey has not remonetized gold by giving it Tier 1 status as an asset. Nobody can state as fact the condition of the gold deposits at the NY Fed or Fort Knox. You can speculate on what has occurred but what I hear being said so far is gold MOPE and gold MSM.

Please, my friends, keep your feet on the ground. Fund Manager Hendrey is totally correct on the gold price at $3000. I might add at $3000 plus.

Respectfully,
Jim

http://www.jsmineset.com/2012/10/30/gol ... r-control/

[Rasta]

In Jim's mailbox today:

Robert,

Your view is a static analytical viewpoint. You see the world as a group of still pictures with no interconnection. I see the world in motion with each event connected to the next and to that event before it occurred totally in motion and interdependent.

With respect, I am right. With respect, your view is how the majority of people think incorrectly. I am a visionary because I see it all moving in a motion to finality and then starting again.

I believe is spirals, not cycles. So did the mathematical teaching of DaVinci in the golden number.

What gold is doing right now is nothing more than a long wide uptrend channel. It is rising quite nicely in that context, and will continue to do so.

If your computer screen has a nose print on the monitor, you can never understand gold. If you think in static pictures, you can never predict accurately.

None of this is an insult to you. This is what all higher education institutions teach you. Static is not how the world works. Motion is how everything works so you can see tomorrow in present time.

Taking the language of mathematics (it is a language) to spiritual speculation (trying to conceptualize the non-conceptual) you would conclude that everything really happens only in present time.

Jim

Interesting, though not really surprising given the fact that he always mentioned this when talking of the "Angels". It also explains the difference in views between Jim and Marty.

[Paul]

NIce one !

[Indiana Jones]

jsmineset: Pi, Phi, Fibonacci and the Golden Mean:
http://www.jsmineset.com/2012/11/17/in- ... oday-1372/

[Spruitje]

An important question and answer for every European citizen who have to buy/sell his/her precious in €.

-----------------------------------------------

Dear Mr. Sinclair,

I am an Italian who has read your site every day for more than 2 years now; it has been sooo valuable for me, and i’m sure it will be the same in the future.

My question is:

You often have spoken about what you think of the future price of gold: $3500 minimum. What about the price in euros? Today it is at 1350. Do you see the same fate of the US dollar???

Thanks again; You are a light in a dark tunnel.

With respect and gratitude,
CIGA Andrea

Dear Andrea,

I may be the only euro bull in the West. The percentage gain in the euro will be modest as compared to the percentage gain in gold. I am bullish of the Swiss for similar reasons being tied to the euro at approximately 1.20.

Respectfully,
Jim

[Indiana Jones]

That/s my opinion for a long time.
DollarGold can go as hight as Alf Field/s numbers.
EuroGold will probably stop at € 100/gram.

When eurogold tops a hundred, most of my eurogold will be for sale.

[Adamus]

That/s my opinion for a long time.
DollarGold can go as hight as Alf Field/s numbers.
EuroGold will probably stop at € 100/gram.

When eurogold tops a hundred, most of my eurogold will be for sale.

The year 2525 sorry hoor, maar met jou instelling zou ik me geen moment met fysiek bezighouden. Grond, onroerend goed, verhuur en iedere dag op pad voor de koopjes, dat loont toch echt beter.

[Indiana Jones]

Don't judge me if you don't know the details of my plan !

[Indiana Jones]

Don't judge me if you don't know the details of my plan !

By the way:->
http://www.freegoldforum.com/viewtopic.php?p=7550#p7550

[Adamus]

http://www.ftm.nl/followleader/de-13-be ... shuis.aspx

" U snakt naar een veilige haven, maar deze lijkt niet meer te bestaan."

". Het is geen toeval dat Charlene de Cavalho-Heineken op 1 staat in de Quote 500. Ook al heeft Freddie de basis gelegd, het principe blijft hetzelfde. Ik zie in die lijst geen 100 procent dood goud-beleggers, om maar eens wat te noemen."

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