Jim Sinclair elaborates tonight on China's likely use of gold as payment for Iranian oil. "Gold now is not only money free of liability," he writes, "but also free from interference regarding settlement by the long arm of Western influence. ... Far from being a barbaric relic, gold is now clearly the money of state survival in every sense."

Sinclair's commentary is headlined "The Implications of China Paying in Gold" and it's posted at JSMineSet.com here:

http://www.jsmineset.com/2012/04/23/the-implications-of-china-paying-in-...