Sinclair, 5/2011: I got help on "where gold wants to go"

Sinclair, 5/2011: I got help on "where gold wants to go"

### HOT ### COMPUTE WHERE'S GOLD GOING W NUMBERS BELOW FROM FACEBOOK

Jim Sinclair said in 2009 that gold would hit $1,650 in 2011.

It did.

JIM SINCLAIR SAID IN MAY, 2011, "Take 90% of international US dollar debt less China and then add 50% of the US debt owned by China. Then divide that number by the ounces supposed to be owned by the US Treasury. The result is where gold wants to go."

DOES ANYONE KNOW ANY OF THESE THINGS?

Y E S !

Per facebook.com group "Why Buy Gold? (And Silver?) 8/26/2011:


The first number is $2.56 T, the second is $800 Bn. The denominator would be 262 million ounces. The math comes to roughly $12-13K per ounce. I used January 2011 debt numbers and July 2011 US Treasury reported gold ownership rounded everything to the Billion for dollars and closest million for ounces.