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QE will increase but rates will rise anyway, Turk says
3:45p ET Monday, November 4, 2013
Dear Friend of GATA and Gold:
The Federal Reserve will be increasing its bond monetization, not "tapering" it, GoldMoney founder James Turk predicts to King World News today. But interest rates are likely to rise anyway, Turk adds, as there will continue to be more general selling of government bonds than buying by the Fed.
"It is extremely critical that investors understand that they should absolutely not be holding dollars or Treasury paper," Turk says. "They are incredibly overvalued and therefore they will be the ultimate losers here. Physical gold and silver are the place to be, and can continue to be picked up at prices that reflect severe undervaluation."
An excerpt from the interview is posted at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/11/4_Wo...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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Sunday-Wednesday, November 10-13, 2013
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GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit:
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