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Fed is already technically insolvent, Turk tells King World News
2:45p PT Monday, February 25, 2013
Dear Friend of GATA and Gold:
GoldMoney founder and GATA consultant James Turk today tells King World News that the U.S. Federal Reserve is already technically insolvent and that this has serious negative implications for the dollar. Turk also says gold and silver are terribly oversold even as silver longs in the futures market have not yet capitulated. An excerpt from the interview is posted at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/2/25_Ja...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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from the Sprott Precious Metals Round Table
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-- Why are precious metals such a compelling investment opportunity?
-- Why are non-G7 central banks buying gold? Do Western central banks have any left?
-- Why are investors buying as much silver as gold in dollar terms? What does this mean for the price of silver?
-- Is the growing supply deficit of platinum and palladium going to push their prices higher?
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