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Goldbug Jim Sinclair's Silly Million Dollar Challenge

 
Med59
User ID: 348347
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04/02/2008 10:01 PM
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Goldbug Jim Sinclair's Silly Million Dollar Challenge
Here is something I can't figure out. homeruhh

Allow me to introduce gold bug and financial advisor Jim Sinclair. A guy that is In Luv with gold as a profit play.
His big schtick has been to predict a price of $1650 an ounce.
He strokes his passion for the shiny stuff like a throbbing hardon. It seems to be the obsession of his whole otherwise empty life. soap

Most folks know Jim and his hard money website www.jsmineset.com has news and commentary I can honestly say you will find nowhere else. crazyjak

He befriends his readers with reassurance in light of the recent downturn off 10% from its bull peak a few weeks ago. In other words, he's redoubling the bombasticity so as not to lose his customers. taunter

His latest offer is in USD. A million USDs!!! BWAAA!! taunter How much will they be worth three years from now? abomb

Why not make the bet in GOLD, Jim? For a thousand ounces of gold! That's worth a million bucks USD right now.

His big offer is one big escape hatch for him to walk away without paying a dime. BFD!!!

I'm asking you goldbugs, wouldn't a bet in GOLD be much more interesting and popular and profitable, HMMMM??

[link to www.jsmineset.com]

My position on timing and price is that Gold will trade at USD $1650 before the second week of January 2011.

I am offering a $1,000,000USD wager to a financially qualified party that this will occur within the stated timeframe. Any party on Bloomberg, CNBC or CNN-Business stating an opposite opinion on the price of gold should be informed of this challenge.

Please communicate to ANY vocal bearish so-called gold expert that I challenge them to put their money on their views.

Any commentator unable to financially meet this challenge should not be opining. If they really knew the gold and currency market they could easily meet the challenge.

I am relying on you CIGAs to forward this challenge to any vocal bear, suggesting they stop flapping their lips by putting up or shutting up. It is one thing to hide behind a computer screen. It is another to bet the ranch on the view you promote.

The technical procedure of a serious wager is:

1. Prove you can in fact wage the challenge by an attorney's letter.
2. Segregate the funds in cash or near cash kind in the hands of your attorney.
3. Execute an agreed upon binding contract stating the terms of the wager.







laugh bsflag
Anonymous Coward
User ID: 406503
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04/02/2008 10:09 PM
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Re: Goldbug Jim Sinclair's Silly Million Dollar Challenge
first off, what experience do you have to rival his?

Second, i imagine the reason that he made the bet in USD, is because anyone that believes that gold is going down and the USD is going up, would clearly think that USD is a far better wager since they thing gold will go down, plus in our economy, usually you wont just walk into a store and buy stuff with gold, cash is more liquid in this economy.

He is playing on their arrogence.......
Anonymous Coward
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04/02/2008 10:10 PM
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Re: Goldbug Jim Sinclair's Silly Million Dollar Challenge
Yeah, here is the email I got from Jim. Mr. Million dollar phony!!!!
----------------
Dear Friends,

Gold weakness today is predicated by the short covering strength in the US dollar.

Short covering in the US dollar is predicated by the Paulson program, the $4 billion raised by Lehman Brothers and the conclusion that the credit problems are now behind us.

The problems in credit are NOT behind us. The US dollar problems are far from over.

The Formula is 100% correct.

There are consequences to the increase in liquidity created to craft the appearance that no further major international investment and banking companies will need rescuing.

Gold will trade at $1650 before the second week of January 2011. I am offering a $1,000,000USD wager with a financially qualified party that this will occur.

Any party on Bloomberg, CNBC or CNN stating an opposite opinion on the price of gold should be informed of this challenge.

Please communicate to any vocal bearish gold expert that I challenge them to put their money on their views.

Respectfully,
Jim

----------

Show us the gold!! 5a
Anonymous Coward
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04/02/2008 10:14 PM
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Re: Goldbug Jim Sinclair's Silly Million Dollar Challenge
first off, what experience do you have to rival his?

Second, i imagine the reason that he made the bet in USD, is because anyone that believes that gold is going down and the USD is going up, would clearly think that USD is a far better wager since they thing gold will go down, plus in our economy, usually you wont just walk into a store and buy stuff with gold, cash is more liquid in this economy.

He is playing on their arrogence.......
 Quoting: Anonymous Coward 406503




Say wtf


bsflag
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bsflag
Anonymous Coward
User ID: 406503
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04/02/2008 10:16 PM
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Re: Goldbug Jim Sinclair's Silly Million Dollar Challenge
You guys are either weak as water, or blind as a....blind person.

Do you really think that the reason gold went down was because everybody thinks everything is going to be alright?

NO! There is something like 200 million dollars in shorts by hedge funds, plus we all know that the Fed and other entites have pissed in the pool.

Do you really think someone would bet a million large if they werent damn sure they were going to win.

At some point the gold manipulation will end once things get really bad, and all you stupid fucks that get skeerd because of a little down turn shouldnt be in the market.
Jdd

User ID: 347452
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04/02/2008 10:17 PM
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Re: Goldbug Jim Sinclair's Silly Million Dollar Challenge
Let me guess... you're sitting in a trailer park right now watching fleas jump off your dog, aren't you?

Show us your credentials, then we'll consider what you have to say in challege to a bright guy like Jim Sinclair.


Yeah, here is the email I got from Jim. Mr. Million dollar phony!!!!

Show us the gold!! 5a
 Quoting: Anonymous Coward 357867
Anonymous Coward
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04/02/2008 10:18 PM
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Re: Goldbug Jim Sinclair's Silly Million Dollar Challenge
Say wtf
 Quoting: Anonymous Coward 330101


Your kindergarten bus will be here soon to pick you up, so dont bother the adults when there talking
Anonymous Coward
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04/02/2008 10:20 PM
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Re: Goldbug Jim Sinclair's Silly Million Dollar Challenge
Let me guess... you're sitting in a trailer park right now watching fleas jump off your dog, aren't you?

Show us your credentials, then we'll consider what you have to say in challege to a bright guy like Jim Sinclair.



Yeah, here is the email I got from Jim. Mr. Million dollar phony!!!!

Show us the gold!! 5a

 Quoting: Jdd


laugh
Anonymous Coward
User ID: 406503
Canada
04/02/2008 10:20 PM
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Re: Goldbug Jim Sinclair's Silly Million Dollar Challenge
Let me guess... you're sitting in a trailer park right now watching fleas jump off your dog, aren't you?

Show us your credentials, then we'll consider what you have to say in challege to a bright guy like Jim Sinclair.



Yeah, here is the email I got from Jim. Mr. Million dollar phony!!!!

Show us the gold!! 5a

 Quoting: Jdd


laugh
Anonymous Coward
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United States
04/02/2008 10:28 PM
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Re: Goldbug Jim Sinclair's Silly Million Dollar Challenge
I think He is betting is FRNs because he knows that the only person sane enough to bet against him is waist deep in CASH not GOLD. Why would anyone with an extra thousand troy ounces of gold want to bet it away that it won't go past $1650?
Anonymous Coward
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04/03/2008 06:20 AM
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Re: Goldbug Jim Sinclair's Silly Million Dollar Challenge
I think He is betting is FRNs because he knows that the only person sane enough to bet against him is waist deep in CASH not GOLD. Why would anyone with an extra thousand troy ounces of gold want to bet it away that it won't go past $1650?
 Quoting: Anonymous Coward 376301


I think you're wrong. He's hoping to pay off in worthless paper. A sucker bet.
Anonymous Coward
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04/03/2008 06:45 AM
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Re: Goldbug Jim Sinclair's Silly Million Dollar Challenge
"his whole otherwise empty life"

Buddy, if ever there was a vile asshole, you are it.

You are a nobody. To belittle this man who gives of himself to help others , when he is rich enough not to. Pftttttt.
Anonymous Coward
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04/03/2008 07:23 AM
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Re: Goldbug Jim Sinclair's Silly Million Dollar Challenge
"his whole otherwise empty life"

Buddy, if ever there was a vile asshole, you are it.

You are a nobody. To belittle this man who gives of himself to help others , when he is rich enough not to. Pftttttt.
 Quoting: Anonymous Coward 406855


"Vile asshole" bump

lolrofl
Anonymous Coward
User ID: 57407
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04/03/2008 07:38 AM
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Re: Goldbug Jim Sinclair's Silly Million Dollar Challenge
I bet Gold goes to $3000+++ an OZ!

bdance
juslen
User ID: 30820474
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12/25/2012 02:09 AM
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Re: Goldbug Jim Sinclair's Silly Million Dollar Challenge
Jim was right.. lol.
Anonymous Coward
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12/25/2012 02:26 AM
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Re: Goldbug Jim Sinclair's Silly Million Dollar Challenge
Lol, it's going to hilarious when the fake-gold scandal goes mainstream, and it's discovered that that absolute vast majority of gold held is either fake, or completely missing.

Anyone who thinks gold is a poor investment has absolutely no clue what they're talking about.
Anonymous Coward
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12/25/2012 02:32 AM
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Re: Goldbug Jim Sinclair's Silly Million Dollar Challenge
Jim was right.. lol.
 Quoting: juslen 30820474


clappa

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