Gold mining entrepreneur, trader, and market analyst Jim Sinclair gave two interviews to the German Internet site Metallwoche, one with the freelance journalist Lars Schall, in which he talked about currency market rigging and gold’s role as money.
By Lars Schall
Metallwoche.de presents an interview with Jim Sinclair in two parts. In the first part I spoke to Mr. Sinclair about some interesting remarks Chris Powell from GATA had to say about gold in front of the Fed building in Washington D.C:
“The currency market is the most powerful mechanism of imperialism. Occupying a country militarily is nothing compared to controlling its currency market. If you control a currency market, you can get everybody to work for you as your slave. … If we can determine the value of the dollar, we can value our currency so much above what would be a market value of their currencies, we can buy their production much less expensively.”
Furthermore I asked for Mr. Sinclair’s opinion concerning the gold storage of different countries, including Germany, with the New York Fed and if these countries shall demand their gold back home. In the second interview, Mr. Sinclair argues that China and the Federal Reserve are pretty much managing the value of the euro. Audio of the interviews is posted here:
Jim Sinclair is the Chairman and CEO of Tanzanian Royalty Exploration Corporation (TRE: Altanext NYSE platform, TNX: Senior Toronto Stock Exchange). He is a precious metals and commodities specialist. Some of the highlights of his nearly 50 year career include the founding of Sinclair Group of Companies (1977), which offered full brokerage services. Mr. Sinclair served as a Precious Metals Advisor to Hunt Oil and the Hunt family for the liquidation of their silver position as a prerequisite for the $1 billion loan arranged by the Chairman of the Federal Reserve, Paul Volcker. He was also a General Partner and Member of the Executive Committee of two New York Stock Exchange firms and President of Sinclair Global Clearing Corporation and Global Arbitrage.
He has authored numerous magazine articles and three books dealing with a variety of investment subjects. He is a regular speaker at various commodities related events. In January 2003, Mr. Sinclair launched, “Jim Sinclairs MineSet,” which now hosts his gold commentary and is intended as a free service to the gold community.