Jim Sinclair sees German gold repatriation as ‘beginning of the end’ for US dollar

The Silver Doctors have posted an email from Jim Sinclair sent to his subscribers. In the email he compares the reports of Bundesbank’s repatriation of its gold holdings from the Fed to Charles De Gaulle ‘calling the hand’ of the US its obligation to convert French held dollars into gold.

“History will look back on this salvo fired across US war financing as being the beginning of the end of the US dollar as the reserve currency of choice.”

“Today’s report, if true, is a salvo fired at the concept that the USA has all the gold it claims and all the gold it stores for others. If true, this event is the most important gold development since Charles De Gaulle called the US hand that it would stand by convertibility which many then assumed it could not because even then the amount of gold held was publicly questioned.”

Read the email here.

• Category: General
• Tag: Germany, Gold, Market Manipulation, The Fed

Posted by Julia Dixon

Julia Dixon is the editor of DGCMagazine and is responsible for the quality of all content and produces a large amount of original content for the site. Julia holds a bachelor’s degree in Economics and is an avid student of Austrian monetary theory, with her favourite being the works of Murray Rothbard.

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