"This is the Great Credit Unwind and as such, currencies of all sorts, including the dollar, will take turns crashing. Watch the various sovereign treasury prices and yields (also CDS credit default swaps) as a clue to which country is experiencing an "attack du jour"."

"Gold and silver will be your only lifeboats as they are no one's liability in a world where everything including the money in your pocket is someone else's liability."

Jim Sinclair is one of the most respected experts on the gold market in the world and he released this important warning to his community over the weekend.