You’re Out of Your Mind to Sell Gold Now

Gold trader and mining entrepreneur Jim Sinclair got practically apocalyptic last tonight in an interview with Eric King of King World News.

“The potential right now, right here, right at this point for an error in judgment that would set off a loss of confidence is present, clear, and in all probability something that we are going to be facing well into the summer,” Sinclair says. “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 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.”

Sinclair adds that if you let go of your gold now, “You are out of your mind.” You can find an excerpt from his interview with King World News here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/6/16_Si…

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