Monetary metals recovered from paper slam in just a week, Turk notes
10:15p ET Tuesday, January 15, 2013
Dear Friend of GATA and Gold:
GoldMoney founder and GATA consultant James Turk tonight tells King World News that while the Bundesbank's reported plan to repatriate Germany's gold could shock the market, something stunning already has happened in the market in the last week. That is, both gold and silver recovered quickly from another paper raid by the central planners.
"There is a real limit as to how far the price of gold and silver can be driven by these deliberate paper market interventions," Turk says. "Given how quickly the precious metals have bounced, it seems to me that this limit was reached for gold and silver at $1,625 and $29.25 respectively. These price levels represent the new floor in the precious metals market. At those prices the demand for physical metal simply overpowers the selling from the central planners and their agents."
An excerpt from the interview is posted at the King World News blog here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
How to profit in the new year with silver --
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GoldMoney adds Singapore vaulting option
In addition to its precious metals storage facilities in Hong Kong, Switzerland, Toronto, and the United Kingdom, now with GoldMoney you can store gold and silver in Singapore in a high-security vault operated by Brink's Singapore Pte Limited. To celebrate the launch of this storage option, GoldMoney is offering a discount on buy and exchange fees at this vault for any orders above US$10,000 (or the equivalent) until January 31, 2013. Tthe gold buy rate is 0.98%, while the silver rate is 1.99%. Metal exchanges into Brink's Singapore will also be discounted for this period and will be charged at 0.78% for gold and 1.75% for silver. Simply place your order online and the above rates apply automatically until January 31, 2013, 15.00 UK time. To find out more about the new vault, please visit:
GoldMoney customers can take delivery of any number of gold, silver, platinum, and palladium bars from any GoldMoney vault, as well as personally collect their bars stored in the Hong Kong, Switzerland, and U.K. vaults.
It's easy to open an account, add funds, and liquidate your investment. For more information, visit: