Tuesday, October 18, 2011

James Turk: Insolvency of Banks to Cause Gold Explosion

from King World News:

With gold and silver continuing to consolidate, today King World News interviewed James Turk out of Spain to get his take on the ongoing financial crisis and where gold and silver are headed from here. When asked about the rising fear of bank failures, Turk responded, “What we are seeing is an increasing awareness of countrerparty risk. People are more clearly understanding the risks in the banking system and the insolvency of many major banks. As a consequence they are fleeing out of fiat money and this is a trend that will accelerate.”

James Turk continues: Read More @ KingWorldNews.com

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