James Turk on recent Gold and Silver Price moves

GoldSeek Radio's Chris Waltzek talks to JAMES TURK - Oct 25, 2012

GoldMoney's James Turk points out that the competitive devaluation of the major currencies is continuing which in the end will lead to the destruction of all fiat currency. While the new liquidity injection by the European Central Bank helped to boost the markets in the short term and caused the euro to rally against the dollar he expects that the markets will soon again start to focus on the fiscal problems in Europe - none of which have been resolved yet , He emphasizes the extraordinary situation of negative interest rates and point out that gold prices are far from being overvalued right now despite the fact that gold is flirting with new all-time highs in euro terms.James Turk is also extremely bullish regarding silver, though pointing to the high volatility. He states that accumulating precious metals will continue to be a great strategy going forward.

Peter Schiff : Time to Buy the Bullion

Peter Schiff It is Time to Buy the Bullion Gold is going to $5000/oz in two years

Euro Pacific Capital's Peter Schiff says it's time to buy the bullion bounce. Gold jumps off a key $1,700 level. So is there a super spike coming, with CNBC's Jackie DeAngelis and the Futures Now Traders, Rich Ilczyszyn at the CME and Anthony Grisanti at the Nymex.Runaway public spending combined with excessively loose monetary policy by the Federal Reserve and other global central banks will push gold to $5,000 per ounce within the next two years, noted investor Peter Schiff said Thursday on CNBC , “I think gold is going to go up against all currencies…central banks around the world are being too loose, the Dollar Index is going to be cut in half at a minimum. If we don’t change our policies, the dollar index could go much lower.” "One day we're going to look back at $1,700 with nostalgia," Schiff said. "People are going to be shocked at how inexpensive gold was when it could be snapped up for such a bargain price."

Get Out of Big Banks or Lose All Your Cash

No paper cash is safe in any bank. Not even a credit Union. Here is why, when a bank crash, or bk or bank run happens the FDiC can't cover all banks, only one offs. Second, buy silver, become your own bank, learn to barter and trade, no fees, no taxes, no worries. Just keep stacking, trade in your worthless fiat paper for something real like silver rounds. In 2001 a silver round took 4 US dollars as trade, now it takes 31 US dollars for that same silver round. And with QE3 it's only going to

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet