Sinclair - You’re Out of Your Mind If You Sell Gold Assets Now

JUNE 16, 2011

Dengan pasaran saham dan kelas asset lain terjejas teruk, akibat krisis ekonomi dan kewangan yang  sedang melanda Amerika Syarikat dan Eropah pada hari ini,  logam beharga (precious metal) yang dianggap sebagai Wang sebenar 'Real Money' , Emas dan Perak mampu mengekalkan nilainya mengikut masa dan zaman, sama seperti peranannya 5,000 tahun dahulu.

Hari ini  King World News menemuramah pakar ekonomi yang dianggap legenda iaitu Encik Jim Sinclair.  Berikut adalah komen beliau , “Saya fikir pasaran Emas pada hari ini bertindak dengan amat cemerlang pada sisi yang amat positif berbanding dengan asset lain di mana orang ramai boleh membuangnya jauh dari portfolio pelaburan mereka terutamanya yang melibatkan pasaran equity. Apabila bercakap mengenai Emas anda sedang berurusan dengan suasana Bank Antarabangsa, dengan kunci kira-kira (balance sheets) entiti kewangan dunia.

Jadi potensi hari ini, sekarang ini , kesilapan pertimbangan telah menyebabkan  krisis hilang keyakinan  terhadap Bank dikalangan masyarakat akibat salah laku pengurusan kewangan. Benar, harga Emas akan terus melonjak tinggi kesan dari keruntuhan istem monetary antarabangsa.

Encik Jim Sinclair menambah:

“The problem is so serious, the problem is so present time, the problem is so real that it has inherent in it the probability that the economy is not going to have a significant recovery for more than a decade.  And the standard of living in the United States, the standard of many who are reading this now, especially those who have taken no measures whatsoever to protect themselves, who simply look at it as reading something of interest but not really acting on it, is going to be so significantly impacted as to make the middle-class or higher middle-class join the serf class.  This is as serious as it gets.

...This has gone so far that there is no solution that can be applied and the only practical  method is to continue to expand their (the Fed’s) monetary aggregates to continue to hold down interest rates.  And hopefully kicking the can down the road until somebody else is in charge and that’s exactly what they are doing.

Well let’s just assume for a moment that QE is in fact limited to June 30th and let’s assume for a moment that the central bank of the United States would take a conservative restrictive approach towards monetary policy, I would suggest to you that the stock market would peel off 4,000 points so fast you would get wind burns.  I suggest that if anything like that happened exposing the balance sheets of the financial institutions, that you would have to return to QE with a vengeance, unparalleled, unprecedented in history....

“That’s not something that only I know, that’s something that the Fed knows very well themselves, and today is giving them a little bit of a preview of what would happen if in fact they curtail QE and don’t enter into a QE3 by whatever name they choose to call it.

The Dow under 12,000 is starting to scare a lot of people.  A minus 200 Dow Jones is something that is so close to a point of causing such problems.  Bear in mind that the last time we were minus 300 we ran into the flash crash.  We have not entered into a new area of regulation that could prevent that in the future.  You start putting orders in when there’s no bids and you’re going to get prices you won’t believe.

You don’t need one more thing to happen, you don’t need any more problems, you don’t need any more degrees of problems.  You’re in a situation right now where if confidence is to be lost, be it by the equity market taking an outrageous header, the price of gold will not only go to $1,650, $3,000, $5,000, but has the possibility of gong into five figures based on just what we have here and now.  That’s what you need to understand.  That’s why if you let go of any of your (quality) gold shares, you let go of your gold, you let go of your coins, you are out of your mind.”