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!!!

Saturday, October 27, 2012

James Turk on recent Gold and Silver Price moves

GoldSeek Radio's Chris Waltzek talks to JAMES TURK - Oct 25, 2012

GoldMoney's James Turk points out that the competitive devaluation of the major currencies is continuing which in the end will lead to the destruction of all fiat currency. While the new liquidity injection by the European Central Bank helped to boost the markets in the short term and caused the euro to rally against the dollar he expects that the markets will soon again start to focus on the fiscal problems in Europe - none of which have been resolved yet , He emphasizes the extraordinary situation of negative interest rates and point out that gold prices are far from being overvalued right now despite the fact that gold is flirting with new all-time highs in euro terms.James Turk is also extremely bullish regarding silver, though pointing to the high volatility. He states that accumulating precious metals will continue to be a great strategy going forward.

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