Who is Jim Sinclair?
Jim Sinclair is a name that often pops up in the world of trade and investment—one you should know if you are planning to invest in precious metals. As a trader of commodities and foreign currency as well as an expert on precious metals, he has been the go-to person for advice on trading strategies, bullion investment and almost anything related to finance.
His piece of advice is something investors and non-investors should heed: do not rely on fiat money; invest in gold bullion to secure your present and future financial status. He has written many publications on investment topics and continues to give highly anticipated gold commentaries to shed light on his cause.
Jim Sinclair is the CEO of the Tanzanian Royalty Exploration or TRX in the US or TNX in Canada. He also became Executive Chairman of the Singapore Precious Metals Exchange in 2013. A quick run-through of his past positions will show his expertise.
For example, in 1977, he founded the Sinclair Group of Companies. The companies, which provided brokerage services in different investments mediums, did business in the US and Europe until they were sold six years later.
His Predictions on Gold & Silver
Before you start investing in physical assets, consider Jim Sinclair’s predictions. With the Federal debt ceiling issue, it is time to shift from the dollar to gold. With gold retaining its value through the years despite the failure and success of currencies, it is best to invest in gold as savings and to use fiat money in transactions only. If you rely on fiat currency alone, you will not have a safety net once you retire.
He recently predicted that the value of gold and silver will rise and could even touch the $1,900 mark. He has also predicted that by 2016, gold will be worth $3,200 to $3,500 per ounce; by 2020, gold will eventually reach $50,000 per ounce as the value of paper gold drops. He has strongly urged investors to hold on to their gold assets as the value of fiat money continues to dwindle.
What is Jim Sinclair’s secret to success in precious metals investment?
He is mindful of the factors driving the US economy, the impending impacts, and the actions to take to secure a stable financial future in the form of bullion.
His formula is summarized below:
Soaring interest rates create a market where prices drop. For example, housing and auto production enter such market. This leads to a domino effect in other industries and problems in job availability.
– Lower economic activity leads to lower profits, which then leads to lower tax revenues.
– Lower Federal tax revenues amid higher Federal spending promote geometric budget deficit booms.
– A surge in budget deficit amid trade deficit swells the current account deficit, which should be answered by investment entering the country.
However, if non-US entity investments do not match the dollars exiting the country, the US will have to fund the shortfall. This will increase interest rates and stifle economic activity. Since the US has reached its debt limit, the economy will follow this cycle and continue to deteriorate.
If you are planning on investing in precious metals such as gold and silver, follow the footsteps of Jim Sinclair and pay close attention to his formula, predictions and commentaries.
Do you fear the current debt deficit, economic collapse, or devaluation of the U.S. dollar? It is important that you protect your nest egg from situations like this or you will give up your hard earned savings to the government.
Holding precious metals in your retirement account is by far one of the #1 waysto diversify and protect your retirement savings. To get a no-cost gold kit, or find out more about a gold ira, click this link right here…