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!!!

Tuesday, December 11, 2012

James Turk: Everyone should have a Precious Metals portfolio

GoldMoney Chairman James Turk outlines the reasons why "everyone should have a precious metals portfolio." James outlines the stark fiscal facts about government debt problems across the developed world, and why central banks' determination to devalue the currencies they issue is causing a bull market in precious metals. He demonstrates why gold remains undervalued, despite the great gains seen in its price over the last 11 years, and a means of assessing whether or not the yellow metal is fairly valued or not. James argues that we are living in "fiat currency bubble", similar though many magnitudes greater than the recent housing bubbles seen in America, Ireland, Spain and other countries, or the "Tech bubble" in NASDAQ stocks in the late 1990s. The USA is racing towards hyperinflation, courtesy of the Federal Reserve's monetisation of US government deficits.

1 comment:

  1. Good advice, Mr Turk. It is interesting going to China and seeing the difference in attitude towards gold compared to the US. Gold is openly sold in banks there and buying gold is encouraged by the government.


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