"Eric King of King World News today got a most incisive 12-minute interview out of Jim Sinclair, chairman of Tanzanian Royalty Exploration, proprietor of JSMineSet.com, and America's "Mister Gold," in which Sinclair remarked, among other things:
-- Physical demand for gold has overwhelmed paper gold selling five times in the last two weeks and the cash market will run the gold market
-- Gold is now the leading currency.
-- While the bankruptcy of Greece is convulsing the financial markets, the bankruptcy of California is four times worse.
-- All states and nations will be bailed out by central banks with "qualitative easing to infinity."
-- The continuing pessimism about gold's prospects is a guarantee of higher prices.
-- The decline of currencies may produce a "Weimar effect" on equities, pushing them up.
-- Confidence in government currencies can evaporate overnight.
You can find the interview with Sinclair at the King World News Internet site here:"
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/5/6_Jim_Sinclair.html
