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James Turk: The 'real' gold price

Section: Daily Dispatches

9:12p ET Friday, January 25, 2008

Dear Friend of GATA and Gold:

In a new essay GoldMoney founder James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, reflects on the inflation-adjusted price of gold and concludes that if gold today matched its 1980 high in real terms it would be priced between $2,300 and $6,300 per ounce. The difference between those prices and today's price is government intervention in the gold market. You can find Turk's essay, "The 'Real' Gold Price," at Kitco here:

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

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