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Published on Gold Anti-Trust Action Committee (http://www.gata.org)

Turk tells CNBC that the switch from paper gold to real gold is on

By cpowell
Created 2009-11-19 02:24

9:10p ET Wednesday, November 18, 2009

Dear Friend of GATA and Gold:

GoldMoney founder and GATA consultant James Turk, visiting Zurich, where GoldMoney has a vault, was interviewed about gold for five minutes today on CNBC. Turk attributed gold's hastening ascent not to the weakness of the U.S. dollar but to a switch by investors out of "paper gold" and into real metal. This was a nice way of saying that a lot of people have sold and a lot of people have bought not gold but mere thoughts of gold, gold that really isn't there, or anywhere, except in their heads, from which it may be hard to extract when it is most needed. You can watch the interview at the CNBC archive here:

http://www.cnbc.com/id/15840232?video=1334831876&play=1 [1]

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

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Source URL:
http://www.gata.org/node/8046