James Turk : the outlook for gold remains very bullish

James Turk talks to Dominic Frisby in London on the 6th of October 2011 : the outlook for gold remains very very bullish he said , the US government is not really addressing the fundamental problem that it is spending too much money , we are still on this road to what I call the road to hyperinflation James Turk says The Gold dos not loose its safe heaven status a safe heaven is where you know you can have your wealth placed and you know that it won't be affected , Gold is a safe heaven because it does not have a counter party risk financial assets do , real wealth is not based on someone's promise it is based on a tangible utility that you own