Banking system near collapse, Turk tells King World News

Section:

12:40p ET Wednesday, December 7, 2011

Dear Friend of GATA and Gold:

GoldMoney founder and GATA consultant James Turk today tells King World News that the European banking system nearly collapsed last week under the weight of withdrawals, that national overindebtedness is always followed by currency devaluation, and that gold and silver still seem to him to be poised for a breakout. An excerpt from the interview has been posted at the King World News blog, under the headline "The Banking System Is on the Verge of Collapse," here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/12/7_Ja...

Note that King World News does many more interviews with financial market figures than GATA calls to your attention and that you can check out the recent list at the bottom of the Turk interview page.

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



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