Tuesday, 14 July 2009

Jim Sinclair Interview - gold is likely to be attached to a SDR basket of currencies

In an interview in South Africa on 13th of July 2009, Jim Sinclair thinks that gold will be attached to a basket of Special Drawing Rights currencies currently being worked on by the IMF. No doubt the purpose would be to give the currencies the type of solid backing they now lack. The rate at which gold will be attached is not known. The sound in the interview is mostly out of sync but still worth is listening to.

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I teach Film, Media and English Lit.