James Turk: Gold's new records

12:10p ET Sunday, October 19, 2008

Dear Friend of GATA and Gold:

In commentary today GoldMoney founder James Turk notes that gold last week reached record highs against the Australian dollar, Canadian dollar, Indian rupee, South African rand, and British pound. Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, adds that while gold did not do as well this week against the U.S. dollar and the euro, he expects that gold indeed will reach new highs against those currencies this year, now that the United States is formally committed to "unlimited" creation of dollars and the U.S. national debt is rising at an annual rate of 75 percent.

Turk's commentary is headlined "Gold's New Records" and you can find it in the "Founder's Commentary" section in the third column of the GoldMoney home page here:

http://goldmoney.com

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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