comprehensive jim sinclair interview, page-8

"The difference between gold as a currency of choice is that gold has no liabilities attached to it. It owes nobody anything, while every currency has liabilities attached to it that have to be [considered] in its international valuation through the market mechanism."

"Gold is a reflection of that as a currency in competition with the U.S. dollar. Gold has a mind of its own, and it is to balance the international balance sheet of the United States or whatever the reserve currency is"
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I have never heard that before, in fact the whole article was excellent. Best I have read in a long time.