“$50,000 Gold in 2020″ — Jim Sinclair’s Senior Moment

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by Gary North

Jim Sinclair now predicts that gold will be at $50,000 sometime in 2020. This is all over the Web.

With gold at about $1330 an ounce these days, the price would have to multiply by a factor of 38 to reach $50,000.

Let me the be the first to say that this is not going to happen. I say this as a gold bug out of the early 1960′s.

There are far better sources of both profits and income for investors than gold at $50,000 an ounce. Nobody is going to pay you or anyone else $50,000 for your Krugerrand.

Continue Reading at TeaPartyEconomist.com

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