Turk expects more bank failures; Sinclair sees Cyprus driving Bernanke out


10a HKT Friday, March 22, 2013

Dear Friend of GATA and Gold:

GoldMoney founder and GATA consultant James Turk today tells King World News that bank failures like the one under way in Cyprus are like cockroaches -- and not because so many bankers are cockroaches but because when you spot one it's seldom the only one but rather is usually followed by more. An excerpt from Turk's interview is posted at the King World News blog here:


Meanwhile, gold trader and mining entrepreneur Jim Sinclair tells King World News that the attempt to expropriate bank depositors in Cyprus is likely to destroy the "quantitative easing" work of Federal Reserve Chairman Ben Bernanke to maintain sovereign solvency and even to drive him into retirement. An excerpt from that interview is posted at the King World News blog here:


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


Get the real story about the precious metals
from the Sprott Precious Metals Round Table

Now you don't have to travel to attend a financial conference to hear Sprott Asset Management's precious metals experts -- Eric Sprott, Rick Rule, and John Embry. They held a round-table discussion on February 12 and you can watch it on the Internet. Among their topics:

-- Why are precious metals such a compelling investment opportunity?

-- Why are non-G7 central banks buying gold? Do Western central banks have any left?

-- Why are investors buying as much silver as gold in dollar terms? What does this mean for the price of silver?

-- Is the growing supply deficit of platinum and palladium going to push their prices higher?

To watch the conference, please visit:


Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:


Or by purchasing a colorful GATA T-shirt:


Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:


Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:


To contribute to GATA, please visit: