We Are In a Fiat Currency Bubble

"By owning physical metal, you are preparing for what looks like a collapse of fiat currencies. In fact, I call the environment we are in now a fiat currency bubble.”

- James Turk via a USA Watchdog Interview:

http://usawatchdog.com/james-turk-gold-will-reach-11000-an-ounce-in-the-next-five-years/

Money Is No Longer Safe In Banks After Cyprus Theft

“There are bank runs here in Europe again, Eric. Today is a national holiday in Cyprus, so the banks are closed. But people are lining up at ATMs to get their money out before the ATMs run dry. And there is talk that a bank holiday will be declared, possibly keeping them closed for days.

Depositors in Cyprus are going to lose some of their money as part of a proposed EU bailout of that country announced over the weekend, which like a a number of other countries, along with its banks, are insolvent and teetering on the edge of bankruptcy...."

- James Turk via a recent King World News interview, read the full interview here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/18_Turk_-_Money_Is_No_Longer_Safe_In_Banks_After_Cyprus_Theft.html

We Are in a Fiat Currency Bubble Gold is Going to $11,000

"James Turk of GoldMoney.com predicts gold will reach $11,000 per ounce in the next five years. Turk goes on to say, It might come sooner. It depends on when confidence finally breaks, and we're getting very, very close to that stage. There's nothing holding the dollar together but confidence."

- Source, USA WatchDog:

http://usawatchdog.com/james-turk-gold-will-reach-11000-an-ounce-in-the-next-five-years/

The Gold Price Suppression isn't Working

"Every time the price suppression has pushed gold lower, the demand for physical has picked up. It’s picked up in the coins, bars, and you see the big central banks buying. There was an announcement that South Korea, a medium-sized central bank, just added to its gold position.

So the gold price suppression scheme players don’t understand that by lowering the gold price they are actually increasing the demand for metal. And they are making their job that much harder in terms of this managed retreat that they have been doing for the past 12 years in trying to keep a lid on the gold price.

My expectation is gold is not going much lower. We are in the process of putting in a bottom, and I think this is going to be long-lasting bottom simply because everybody knows that gold has good value down here."

- James Turk via a recent King World News Interview, read the full interview here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/8_Turk__Ive_Never_Seen_Anything_Like_This_In_My_45-Year_Career.html

Historic Undervaluation of the Mining Shares

“First, we have to recognize that buying a mining share is different from buying gold bullion itself. Mining shares are an investment. Gold is money, so in contrast to the shares, gold does not have a balance sheet, management team, P/E ratio, or any of the other things that one needs to consider when making an investment.

But if you are prepared to take the risks of making an investment in the mining shares, they are indeed undervalued, and one rarely goes wrong when buying undervalued assets. Lastly, I remain bullish on both gold and silver, even though they remain stuck within the trading ranges that confined them for two years now.

Central bank policies around the world are debasing the currencies and making precious metals a safe haven. This is the key factor which has driven gold higher for 12 years in a row. Given that the interrelated bank solvency and sovereign debt crises are still with us, though somewhat subdued at the moment, I believe safe haven buying will drive the precious metals to new all-time highs this year.”

- James Turk via a recent King World News interview, read the full interview here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/4_James_Turk_-_The_Single_Most_Important_Chart_For_All_Of_2013.html

Hyperinflation Is On The Way

James Turk is interviewed by "Alt Investors Hangout". James Turk discusses his outlook for gold and silver, also he states that hyperinflation is on the way, worldwide.

- Source, Alt Investors Hangout:

http://altinvestors.com/

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