$$$ GO CHINA GO 10.7% in 2006 $$$GOLD BULL MARKET NOT OVER (NEITHER IS ALL COMMODITIES)
from Jim Sinclairs site www.jsmindset.com
Dear Jim,
China reported 10.7% economic growth in 2006. This growth rate was way above estimates at the beginning of the year, and was even accelerating as the year came to a close.
China, India, Russia and others continue to grow and to create demand for commodities of all types, energy, base metals and of course precious metals, especially gold.
We are optimistic about the continued economic growth of the world economy. This growth will lead to the enrichment of people in all corners of the globe especially in the fast growing countries. A rising quantity of wealth globally will lead to a continued and growing demand for gold as a store of value.
As you more than anyone know, gold will be demanded as a hedge against unwise behaviors by governments and politicians everywhere. How else can a wise investor protect him or herself from the currency debasement which is going on worldwide?
Your old pal,
Monty