James Turk On The Next Bubble To Burst And Free Market Gold

“Free market (governments call it ‘black market’) is taking control of gold, just like after the March 1968 collapse of the central bank cartel called the London Gold Pool. CBs quoted an official price below real price. Fed still books its gold at the ‘official’ price of $42.22/oz.

All price trends eventually end and record low yield on Treasury Bonds could be the next bubble to burst. Printing by Fed has so far kept US gov’t liquid and appearing solvent but something has to give. Higher yields seem inevitable if there is any pretense to preserve US dollar purchasing power."

- Source, King World News