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[ http://kingworldnews.com/is-the-global- ... 00-150000/ ]
Jim Sinclair’s Commentary There is a very simple answer to that question. YES says JES & Free Gold.
Is The Global Gold Price Really Headed To A Jaw-Dropping $20,000 – $150,000? June 13, 2017 June 14 (King World News) – Despite having been officially outlawed as money decades ago, gold still remains the primary monetary reserve asset of all major central banks. Based on our remarks in this report and the 10 preceding reports, it should be clear that we believe that gold must be regarded as a monetary asset.
We first presented the so-called “shadow gold price” calculated by Paul Brodsky and Lee Quaintance in 2011. This way of looking at the gold price is by no means a mere intellectual game. Rather, it is in line with how the exchange rate between paper money and gold was determined according to the Bretton Woods agreement (US monetary base divided by US gold reserves). As Brodsky and Quaintance explain: “The Shadow Gold Price extrapolates forward the Bretton Woods model for valuing US dollars (USD base money/US official gold holdings), used from 1945 to 1973. Rather than fixing the gold/USD exchange rate (at 1/35 of an ounce, which assumed a static quantity of base money), it uses the actual quantity of base money vs. actual gold holdings.
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