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/

1 Oz .999 Trivium Silver Shield Round 2012 (This coin is now out of production! Get Fast)

The Federal Reserve Is Already Insolvent

"I am making the assumption that the Fed will not suffer any losses on the toxic mortgage securities it still holds, and that its other assets are recorded at a fair market value. Both of these generous assumptions would mean that the Fed is probably in worse financial shape than I am indicating.

So the Fed governor's study is off-the-mark. So, again, the Federal Reserve is already insolvent, but like all banks, they get around this reality with accounting gimmicks. A bank only marks assets to market if they are in the bank's “trading” portfolio. If the bank claims it will hold the asset to maturity, the asset is put into its “investment” portfolio and does not need to be marked to market. Of course this accounting gimmick only masks the true value of the asset.

But the simple analysis above reveals that the Federal Reserve is insolvent. Like many zombie commercial banks that are still operating by being propped up with government handouts, the Federal Reserve is liquid, but not solvent. What is important for investors to understand here is that this is dire news for the dollar.”

- James Turk, via a recent King World News Interview:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/2/25_James_Turk_Warns_The_Federal_Reserve_Is_Already_Insolvent.html

Bailout: How Washington Abandoned Main Street While Rescuing Wall Street

Central Planners Are About To Completely Lose Control

"Given the ongoing bullish backdrop for the metals, we may be reaching the tipping point when the central planners completely lose control. They are so fearful of that event, they attack the one market over which they have the most influence, and which is also the one market that will send signals to the world most friendly to the central planners' cause - they trash gold. And they do it by selling paper derivatives.

On Friday there was a headline saying “Gold futures tumble in wake of Fed's Empire State data.” I mean, what does that have to do with gold? All it says to me is that the central planners were using every news release last week as cover for their interventions in the market to make it look like investors were driving the price of gold and silver lower so government interference would be somewhat cloaked.

Who thinks this drop is going to dissuade Chinese buyers, who are now back in the market this week after being outré last week for their New Year celebration? Who believes that the central planners are going to manage currencies to preserve purchasing power?

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

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/2/19_Turk_-_Central_Planners_Are_About_To_Completely_Lose_Control.html

China in the 21st Century: What Everyone Needs to Know

There Are Too Many Fiat Currencies Being Printed

“Sentiment is fairly weak at the moment, even while the fundamental picture is improving. Look at some of the evidence. For example, Brent crude is at a 9-month high and approaching $120 per barrel. All of the usual excuses for this price rise are being given, like strong demand from China, lower OPEC production, and ongoing concerns about political instability in North Africa.

These factors are having an impact of course, but what is being ignored is the most important explanation because people aren't paying attention. There is no shortage of crude oil. Rather, there are just too many dollars, euros, pounds and other fiat currencies being printed by central banks...."

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

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/2/12_James_Turk_-_The_Last_Piece_Is_Now_In_Place_For_Hyperinflation.html

Gold and Silver Have Some Catching Up to Do

“Increasing attention needs to be given to what is happening with the quantity of money, Eric. All the money printing ordered by central planners is starting to take effect. US dollar M1 has now been growing at double-digit rates for two years. Over the same period M2 growth has been in the high single digits. Even the broader measure of dollars, M3, which is calculated by ShadowStats.com, is at 4.5%, which is the highest rate of growth in more than 3½ years.

Money is no different from any other good or service. It too complies with the laws of supply and demand. If you create money at a rate faster than the demand for it, its ‘price’ declines, which for money is its purchasing power. With crude oil and other commodity prices like copper continuing to work their way higher, the purchasing power of dollars and other fiat currencies is being eroded. So all of this money printing is clearly taking hold and becoming apparent. That gold and silver prices remain in their trading ranges suggests to me that both of them have some catching up to do with the price rises we are seeing in some basic commodities."

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

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/2/12_James_Turk_-_The_Last_Piece_Is_Now_In_Place_For_Hyperinflation.html

History Will Repeat Itself

James Turk appears on Future Money Trends. He discusses how the most important thing for investors at this time is to keep your money safe. How do you do this? Of course you invest in gold and silver. He see's history repeating itself, gold will go higher and stocks will fall.

- Source: Future Money Trends:

http://www.futuremoneytrends.com/

Pre-1964 US Junk Silver $10 Face Value

Suspension of the Debt Ceiling

“But here's the really important point: These two words used by Bloomberg in reporting this event – temporarily suspend – are chilling… These are the exact same two words that Nixon used in his August 15, 1971 speech announcing that he was breaking the dollar's link to gold. “His temporary suspension has now lasted 42 years, which is the key point I am making here. This suspension of the debt ceiling is not going to be temporary. Each time it comes up for consideration, the politicians will just keep extending the suspension again and again. They will always take the soft political option.”

- Source, GoldMoney Research:

http://www.goldmoney.com/gold-research/newsdesk/debt-ceiling-to-be-temporarily-suspended.html

Gold, SIlver and the 2013 Debt Crisis

James Turk of Goldmoney is interviewed by "Future Money Trends". In this interview, James shares his outlook for both gold and silver going into the year 2013. Also he discusses the potential for a 2013 debt crisis.

- Source, Future Money Trends:

http://FutureMoneyTrends.com

The Coming Debt Crisis - Learn more here.