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Despite gloom, gold and silver are still winning, Turk tells King World News
10:22a ET Friday, January 4, 2012
Dear Friend of GATA and Gold (and Silver):
Interviewed today by King World News, GoldMoney founder and GATA consultant James Turk notes that despite the doom and gloom hanging over the monetary metals sector, gold and silver are still slowly winning their battle against central bank and government intervention in the markets.
"Gold has now risen 12 years in a row at an average annual rate of 16.8 percent," Turk says. "That is a spectacular achievement for gold. But silver has done even better, rising 20.1 percent on average over the last 12 years.
"... The U.S. Mint stopped selling silver eagles. There are only two ways to explain it and both are bullish. Either they don't have any physical silver, or they don't want to sell what they do have at such a low price. Either case is extremely bullish for silver.
"So while the central planners may win the occasional battle or two, like the one being waged over the past couple of months, they are clearly losing the war. And we can expect more of the same in 2013. Gold and silver will climb higher, but the central planners with their interventions will continue to fight the free market."
An excerpt from the interview is posted at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/1/3_Tur...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Fred Goldstein and Tim Murphy open All Pro Gold
All-Pro Gold, run by long-time GATA supporters Fred Goldstein and Tim Murphy, offers its services to GATA supporters and anyone else interested in precious metals. The company brokers a full line of precious metals and numismatic coins. It aims to inform prospective clients about the importance of the monetary metals as part of a diversified financial portfolio and to keep prospective clients current with market trends. All-Pro Gold has competitive pricing and ships promptly to clients so they may have physical possession. Learn more by e-mailing Fred@allprogold.com or Tim@allprogold.com or telephone 1-855-377-4653 or visit www.allprogold.com.
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Sunday-Monday, January 20 and 21, 2013
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http://www.cambridgehouse.com/event/vancouver-resource-investment-confer...
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Opinion Around the World Is Changing
in Favor of Gold -- Find Out Why
When Deutschebank calls gold "good money" and paper "bad money". ...
http://www.gata.org/node/11765
When the president of the German central bank, the Bundesbank, pays tribute to gold as "a timeless classic". ...
http://www.forbes.com/sites/ralphbenko/2012/09/24/signs-of-the-gold-stan...
When a leading member of the policy committee of the People's Bank of China calls the gold standard "an excellent monetary system". ...
http://www.forbes.com/sites/ralphbenko/2012/10/01/signs-of-the-gold-stan...
When a CNN reporter writes in The China Post that the "gold commission" plank in the 2012 Republican platform will "reverberate around the world". ...
http://www.thegoldstandardnow.org/key-blogs/1563-china-post-the-gop-gold...
When the Subcommittee on Domestic Monetary Policy of the U.S. House of Representatives twice called on economist, historian, and gold standard advocate Lewis E. Lehrman to testify. ...
World opinion is changing in favor of gold.
How can you learn why and what it will mean to you?
Read the newly updated and expanded edition of Lehrman's book, "The True Gold Standard."
Financial journalist James Grant says of "The True Gold Standard": "If you have ever wondered how the world can get from here to there -- from the chaos of depreciating paper to a convertible currency worthy of our children and our grandchildren -- wonder no more. The answer, brilliantly expounded, is between these covers. America has long needed a modern Alexander Hamilton. In Lewis E. Lehrman she has finally found him."
To buy a copy of "The True Gold Standard," please visit:
http://www.thegoldstandardnow.com/publications/the-true-gold-standard
