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!!!

Wednesday, July 18, 2012

James Turk Gold heading to $8000/oz

GoldMoney's James Turk is one of my favorite experts I pay attention to. Gold is an excellent asset to own, but he needs to talk about silver a bit more. James emphasizes that gold has been money for over 5,000 years, so has silver. In fact the average gold to silver ratio in those 5,000 years has been much lower than its' current 58 to 1 ratio. This is where silver will eventually outperform gold, and relative wealth will increase for those who own it now.If gold becomes money it will be worth several times what it was worth last time it was money. The gold is about the same but the population has exploded. Gold is worth the labor it will buy.Gold is now starting its last Bull run which will take it to an all time high and simultaneously setup a 1oz purchase of 1 share of the DOW, this is likely to happen by as soon as the end of the year! Buy your Precious Metals now because it is VERY unlikely pricing will be better than it is right now. We are going to see moves of 5% in a day become a common event, I know its hard to believe but we are about to see a RUN on PMs like never before! Don't be a fool and continue to hold fiat currency, Precious Metals NOW!

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