Gold to balance the books of USA due to unsurmountable debt ?

in #money • 6 years ago (edited)

An interesting and important read from Jim Sinclair regarding how Gold will be used to balance the books.

And when will this happen ? ...... the time may be upon us

https://www.jsmineset.com/2018/08/20/when-is-now/

"The price of gold will be a product of the size of US debt now outstanding. Gold always balances the balance sheet of the USA as it did in 1980 at $887.50. If we really had the gold at Fort Knox then the price of gold would rise to slightly under $17,000. Since we do not, $50,000 or more is a probability."

Credit to maneco64 for the below video and explanation

#bitcoin #cryptocurrency #investing
6 years ago in #money by
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