GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Sunday, May 20, 2012

John Embry & James Turk on The Gold Market Attack

John Embry -- Chief Investment Strategist at the Canadian firm Sprott Asset Management -- discusses the recent correction in the gold and silver price with James Turk, Director of the GoldMoney Foundation.Here two clear leaders Embry and Turk are at their most comfortable base of expertise, knowledge and experience - priceless.

1) The spot price is the price at which physical metal trades. GoldMoney buys metal at the spot price from reliable refiners and dealers, which it then sells to its customers. GoldMoney will always use the price at which physical metal trades, not any prices at which the paper market trades.

2) Given the growing importance of Asia in the market for physical metal, it is likely that the HK Merc could become an important player.

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