James Turk: Central Banks Are Losing The War to Suppress Gold & Silver Prices
January 26, 2013 - 4:45pm
Submitted by Adam Taggart of PeakProsperity James Turk: Central Banks Are Losing The War to Suppress Gold & Silver Prices My guess is that 2013 and 2014 are going to be big up year for the precious metals, but we still have to contend with the central planners and the various government policies, which have been actively trying to keep the gold and silver prices from reaching fair value. The central planners are losing the war. They may win an occasional battle or two, but they’re losing the war, and eventually gold and silver are going to go higher. So predicts James Turk, founder and Chairman of GoldMoney.com. From James’ perspective, gold is not an investment. It’s a sterile asset, meaning it does not generate income. What it is, is money. Its function is to store wealth. But money, like investments, can be overvalued or undervalued. And what we’re witnessing on the...
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