Lorimer Wilson Blog | Gold Will Go Ballistic When The USD Goes "Zimbabwe" | Talkmarkets
Editor of munKNEE.com (Your Key to Making Money!)
Contributor's Links: munKNEE

Lorimer Wilson is the editor of  www.munKNEE.com (Your Key to Making Money!) which provides edited excerpts of the internet's most informative articles for the sake of brevity and clarity to ensure a fast and easy read.

He is a frequent ... more

Gold Will Go Ballistic When The USD Goes "Zimbabwe"

Date: Monday, August 3, 2020 11:34 AM EDT

Jim Sinclair stated recently that,Gold will: 

  • rise to $50,000 (i.e. go "straight up" in Sinclair's words) at the end of the 45-year gold cycle which is coming up in 2025 and
  • and rise up to $87,000 by the end of 2032

 given all the U.S. Dollars being printed to uphold the economy as a result of COVID-19.

U.S. Dollar Price Going Forward to 2025

Mr. Sinclair has always claimed that "Gold is the inverse of the U.S. dollar" so Goldrunner, a precious metals analyst associated with munKNEE.com, has put together a chart of what the U.S. Dollar might look like in 5 or 6 years.

As mentioned by Goldrunner in the chart above,

  • there will be massive inflation going forward causing
    • gold to go into a "free ride" (Sinclair's words) in 2025
    • and the USD to go straight down.

Indeed, if Mr. Sinclair is correct then, according to Goldrunner "we can expect to do a “Zimbabwe” in one fell swoop in a just a few years. The ONLY real antidote for all this is to buy gold, silver and precious metals stocks".

 

Disclaimer: This and other personal blog posts are not reviewed, monitored or endorsed by TalkMarkets. The content is solely the view of the author and TalkMarkets is not responsible for the content of this post in any way. Our curated content which is handpicked by our editorial team may be viewed here.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.