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Friday, December 09, 2011


“Gold is cheap relative to the idea that you could have a life’s fortune on a statement from a clearing agent and then find out that you don’t have a penny left anywhere. Which should you have had, physical gold or that clearing house statement? Gold is cheap because of the condition of other things.”

Jim Sinclair

1 comment:

Anonymous said...

I don't fully understand this quote.I only know that I started buying Kruggerands when they cost a fraction of what they cost now.Each were put in a safe deposit box.Now I cash one in quarterly to supplement my retirement.In my opinion,everything is relevant to timing.