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Borrowing to pay interest signals hyperinflation, Turk tells King World News

Section: Daily Dispatches

4p ET Friday, May 10, 2013

Dear Friend of GATA and Gold:

GoldMoney founder and GATA consultant James Turk today tells King World News that the U.S. government probably soon will have to start borrowing just to pay interest on its debt, and that and debt monetization signal hyperinflation and higher prices for the monetary metals. An excerpt from the interview is posted at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/5/10_Tu...

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



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GoldMoney Reduces Storage and Exchange Fees

From April 1 GoldMoney will be reducing by a third its storage fees on gold stored at all VIA MAT vaults to just 0.12 percent per year and halving the cost of storing silver with VIA MAT Switzerland to bring it in line with GoldMoney's silver storage fees at other vault locations: 0.49 percent per year as the standard fee and 0.39 percent per year for more than 50,000 ounces of silver. In addition, GoldMoney's minimum storage fee will be reduced to only 0.001 grams per month for gold, platinum, and palladium, and 0.001 ounces per month for silver. In April GoldMoney also will be simplifying and reducing its metal-to-metal exchange fees. For the full details of these significant fee reductions, please visit:

http://www.goldmoney.com/lower-fees-overview?gmrefcode=gata