Wednesday, October 3, 2012

James Turk : Everyone Should Buy Silver

James Turk: 'Everyone should have a precious metals portfolio' One only has to look at a 5 year price history chart of silver and then overlay a silver industrial demand chart on top of it to see the spot price bears no resemblance to supply and demand, since the demand chart shows a steady upward trend, no wild fluctuations whereas the spot price is extremely volatile. As Sprott says, silver is the most valued assett today.

Speaking in a video presented at a Brink's Canada's event in Toronto on September 28, GoldMoney Chairman James Turk outlines the reasons why "everyone should have a precious metals portfolio." GoldMoney is proud to have partnered with Brink's in August of this year to offer our customers gold and silver storage at vaults in Toronto. James outlines the stark fiscal facts about government debt problems across the developed world, and why central banks' determination to devalue the currencies they issue is causing a bull market in precious metals. He demonstrates why gold remains undervalued, despite the great gains seen in its price over the last 11 years, and a means of assessing whether or not the yellow metal is fairly valued or not. James argues that we are living in "fiat currency bubble", similar though many magnitudes greater than the recent housing bubbles seen in America, Ireland, Spain and other countries, or the "Tech bubble" in NASDAQ stocks in the late 1990s. The USA is racing towards hyperinflation, courtesy of the Federal Reserve's monetisation of US government deficits.

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

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