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James Turk: An overview of gold's supply and demand

Section: Daily Dispatches

4:40p ET Monday, February 25, 2008

Dear Friend of GATA and Gold:

GoldMoney founder James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, argues in a new essay that gold is a hugely misunderstood asset -- and no better understood because of the World Gold Council, whose main purpose long has seemed to GATA to be to make sure that there never is a world gold council.

Confusion about gold arises, Turk writes, "because so many people -- including many people within the gold industry -- refuse to acknowledge that gold is money. They attempt to analyze gold as if it was a mere commodity with some jewelry fabrication and unimportant industrial application instead of what it really is -- money."

Turk's essay is headlined "An Overview of Gold's Supply and Demand" and you can find it at Kitco here:

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

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