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.

* * *

Join GATA here:

Vancouver Resource Investment Conference
Sunday and Monday, January 17 and 18, 2010
Hyatt and Fairmont Conference Hotels
Vancouver, British Columbia, Canada
http://www.cambridgeconferences.com/index.php/vancouver-resource-investm... [2]

* * *

Support GATA by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts [3]

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

http://www.cartserver.com/sc/cart.cgi [4]

Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:

http://www.goldrush21.com/ [5]

* * *

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:

http://www.gata.org [6]

To contribute to GATA, please visit:

http://www.gata.org/node/16 [7]

Source URL: