GERALD CELENTE on King World News 11/20/2009

[peaceandlove]

GERALD CELENTE on King World News 11/20/2009

MP3: http://kingworldnews.com/kingworldne...11:20:2009.mp3

HOMEPAGE with other recent interviews including Jim Sinclair and Ted Butler: http://kingworldnews.com/kingworldne...orld_News.html

[peaceandlove]

Jim Sinclair Interview ~ Text

When gold falls, it gets label as a commodity
11/22/2009

Gold at $1650/oz by this time next year? Peter Major gives his view.

ALEC HOGG: Before we pick up with that clip from Jim Sinclair, Peter Major from Cadiz Corporate Solutions is with us. Peter we'll talk to you a little later about the whole carry trade in the rand but, before be bring in Jim Sinclair's discussion, d'you know much about this guy? Have you followed his stuff over the years?

PETER MAJOR: No - Jim Sinclair I am pretty weak on, Alec. I think I've heard him a couple of times, and I've read one thing he wrote in the last year or so, so all the background you give me on the guy I'll appreciate.

ALEC HOGG: He is an American. He is quite advanced in years now. He comes from a family that has traded gold for generations. But what was interesting, he told me in our conversation today, is that he lived in Tanzania for some years, and his children live here in South Africa. They live in Bryanston. So it's interesting to have that South African connection.
Let's hear now what Jim thinks. I asked him, to kick off with: "Why have you been so interested in gold for so many years?"
"JIM SINCLAIR: I came from a European family - marriage was a little complicated, but my father was Bert Seligman, one of the great, great traders that existed in the street, and it was very much in our blood that gold was part and parcel of the monetary system, as reserves, pretty much the Austrian school.

ALEC HOGG: It's interesting, this, because young people find it hard to understand the allure of gold. Do you think it is a generational thing?

JIM SINCLAIR: Well, none of them had had any schooling in it. It's not part of a curriculum. It's been looked at as a barbaric relic for three generations. But I suggest to you that the gold market has brought a lot of attention on itself and, as the central banks are changing, so in fact are our major fund managers and therefore the younger generation is at least starting to look. Gold has performed as it always has, It's a ... currencies, so it's locked up to the dollar in the inverse. That was the beginning of a major 25-year rally in the US dollar and accordingly it was the beginning of the major bear market in gold. So gold did what it should do, and that is like itself to the dollar. When gold rises it's recognised as a currency, and when gold falls, even though it shouldn't be, it receives the label as a commodity.

Continues: http://www.commodityonline.com/futur...ity-12930.html

[TruthWillSetUFree]

Thanks PeaceandLove for posting another great interview with Gerald Celente!

Love & Light,
Truth