Legendary Jim Sinclair known as Mr. Gold for his remarkably accurate timing regarding the gold bull market of the 70s is the Founder of jsmineset.com and Chairman of Tanzanian Royalty Exploration. In this interview James discusses inflation, deflation, hyperinflation, the U.S. Dollar, gold, silver, social unrest, the Federal Reserve, commercial banks incorrectly positioned on the COT, fraudulent bank balance sheets, the equity market, future opportunity, gold and silver shares and much more. King World News thanks Jim for being so gracious with his time.
JIM SINCLAIR – Chairman of Tanzanian Royalty Exploration & Founder of Jim Sinclairs Mine Set
Jim Sinclair is primarily a precious metals specialist and a commodities and foreign currency trader. He founded the Sinclair Group of Companies (1977), which offered full brokerage services in stocks, bonds, and other investment vehicles. The companies, which operated branches in New York , Kansas City, Toronto , Chicago , London and Geneva , were sold in 1983.
From 1981 to 1984, Mr. Sinclair served as a Precious Metals Advisor to Hunt Oil and the Hunt family for the liquidation of their silver position as a prerequisite for the $1 billion loan arranged by the Chairman of the Federal Reserve, Paul Volker.
He was also a General Partner and Member of the Executive Committee of two New York Stock Exchange firms and President of Sinclair Global Clearing Corporation (commodity clearing firm) and Global Arbitrage (derivative dealer in metals and currencies).
In April 2002, shareholders of Tanzanian Royalty Exploration (formerly Tan Range Exploration) approved the acquisition of Tanzania American International, a company controlled by the Sinclair family, for shares in Tan Range . Following this transaction, Mr. Sinclair became Chairman of Tan Range and now leads its efforts to become a gold royalty company.
He has authored numerous magazine articles and three books dealing with a variety of investment subjects, including precious metals, trading strategies and geopolitical events, and their relationship to world economics and the markets. He is a frequent and enormously popular speaker at gold investment conferences and his commentary on gold and other financial issues garners extensive media coverage at home and abroad.
In January 2003, Mr. Sinclair launched, Jim Sinclairs MineSet, which now hosts his gold commentary and is intended as a free service to the gold community.
Peter Schiff is one of the most visible figures in the financial media today. His predictions have been extraordinarily accurate and this has gained him much attention from the media and his peers. He has been quoted in many of the nation’s leading newspapers, including The Wall Street Journal, Barron’s, Investor’s Business Daily, The Financial Times, The New York Times, The Los Angeles Times, The Washington Post, The Chicago Tribune, The Dallas Morning News, The Miami Herald, The San Francisco Chronicle, The Atlanta Journal-Constitution, The Arizona Republic, The Philadelphia Inquirer, and the Christian Science Monitor, and appears regularly on CNBC, CNN, Fox News, Fox Business Network, and Bloomberg. In this interview Peter discusses gold, the Indian Central Bank purchase, possible downside in gold, how China will build its gold reserves, the US Dollar, unemployment, tent cities, the economy, future jobs, real estate, government attempt to prevent housing from correcting, government becoming a landlord, the FHA, social security and more.
There is a popular misconception that platinum and white gold are both lustrous cold white metals. Wedding bands made from either of these metals do look white and do look great. Which is best? Let’s look at each one.
White gold – one of the most popular metals around these days when it comes to jewelry. Sorry to burst any balloons, but white gold is not a pure gold. Gold, in its purest form, is yellow and very soft – too soft to use in most jewelry pieces.
Pure gold is mixed with other metals to form a harder alloy that is then suitable for jewelry making. When measuring gold content, 24 carat equals 100% pure gold. Common alloys include 22 carat, 18 carat, 14 carat and 9 carat. As an example, white gold that has 50% gold content is 12 carat.
A white gold alloy could contain quantities of silver, palladium, zinc, copper or nickel. These metals also help to harden the white gold for jewelry use. By combining yellow gold with these metals the yellow color is bleached white, hence the formation of white gold. White gold is much harder than yellow gold because of this combination of metals.
White gold that is rated as 18 carat will have a yellow gold content of 75% with the remaining 25% any combination of metals – the more palladium the harder the finished alloy is. The resulting white gold looks very much like platinum, is long wearing like platinum, yet much cheaper than platinum. Cheaper versions of white gold are being produced these days and they range in color from dull grey through to a sickly yellow.
Platinum: this metal is much rarer than gold so it is far more expensive. Platinum is a fairly hard metal and while it can be worked into rings in its pure state, can also be alloyed for easier use. Like white gold, platinum has various grades of purity and is actually a light grey in color – not white.
To get the brilliant white finish that white gold and platinum are famous for, they need to be plated with rhodium. Over time, this rhodium plating will wear away leaving the base metal behind. As the rhodium plating wears away the brilliant white finish that platinum and white gold are famous for will be replaced by a dull light grey appearance. Platinum wedding bands also turn a light grey or off white color.
Platinum is more expensive than white gold, however they may both look quite cheap over time because of that rhodium plating. You can restore the white lustre to your jewelry by having the rhodium plating reapplied. Which is best? It is in the eye of the beholder. Many don’t realize that white gold was created to imitate platinum. White gold is no longer considered a platinum substitute, it is popular in its own right. If you are looking for a platinum finish on a budget, be wary – you will get what you pay for. If you really want the platinum look – get platinum.
For those wanting white gold, be sure to buy white gold that is good quality, not created from a cheap alloy blend. I like white gold, not because it looks like platinum, but because it looks like white gold.
Legendary Jim Sinclair known as Mr. Gold for his remarkably accurate timing regarding the gold bull market of the 70s is the Founder of jsmineset.com and Chairman of Tanzanian Royalty Exploration. In this interview James discusses inflation, deflation, hyperinflation, the U.S. Dollar, gold, silver, social unrest, the Federal Reserve, commercial banks incorrectly positioned on the COT, fraudulent bank balance sheets, the equity market, future opportunity, gold and silver shares and much more. King World News thanks Jim for being so gracious with his time.
Peter Schiff is one of the most visible figures in the financial media today. His predictions have been extraordinarily accurate and this has gained him much attention from the media and his peers. He has been quoted in many of the nation’s leading newspapers, including The Wall Street Journal, Barron’s, Investor’s Business Daily, The Financial Times, The New York Times, The Los Angeles Times, The Washington Post, The Chicago Tribune, The Dallas Morning News, The Miami Herald, The San Francisco Chronicle, The Atlanta Journal-Constitution, The Arizona Republic, The Philadelphia Inquirer, and the Christian Science Monitor, and appears regularly on CNBC, CNN, Fox News, Fox Business Network, and Bloomberg. In this interview Peter discusses gold, the Indian Central Bank purchase, possible downside in gold, how China will build its gold reserves, the US Dollar, unemployment, tent cities, the economy, future jobs, real estate, government attempt to prevent housing from correcting, government becoming a landlord, the FHA, social security and more.
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