Wednesday, November 2, 2011
Reed Larsen, CEO of American Gold Reserve, asks James Turk, Director of the GoldMoney Foundation , "When is the right time to buy gold and silver?" James Turk recommends to buy gold and silver whenever you can regardless of the price , he warns about currency devaluation and the rising gold price. How the gold price is rising against all major currencies and monetary policy is political, having abandoned all pretence of seeking monetary stability. He warns of the dangers of a hyperinflationary crisis. James also explains why gold should be considered money and not an investment. He also talks of the coming dollar collapse and the waterfall decline in the dollar, especially since Ben Bernanke's words on QE. He talks of different examples of hyperinflation from paper money hyperinflation in Weimar Germany to deposit currency hyperinflation in Argentina.
Labels: James Turk