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Rising interest rates won't subdue gold, Turk tells KWN
9p ET Monday, February 23, 2015
Dear Friend of GATA and Gold:
While the Federal Reserve lately has been all talk and no action about raising interest rates, GoldMoney founder James Turk tells King World News today, rising rates are no problem in themselves for gold. Gold is subdued by interest rates, Turk says, only when they far exceed inflation rates, and he doesn't see that happening, since it would bankrupt the United States. Turk's interview is excerpted at the KWN blog here:
http://kingworldnews.com/will-create-hyperinflationary-spiral-massive-pa...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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