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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Why James Turk and John Rubino say the price of gold is set to soar to $10-12,000 an ounce

Posted on 11 June 2014

Former head of commodities at the Abu Dhabi Investment Authority and GoldMoney.com founder James Turk and John Rubino are well known figures in the gold industry. They’ve just published a new book, ‘The Money Bubble’. It argues that the price of gold is about to soar to $10-12,000 an ounce.
In a nutshell the authors contend that the major paper currencies of the world actually now have less gold backing them than previously thought. An analysis by the Gold Anti-Trust Action Committee concluded that nearly half the world’s gold reserves of 29,000 tonnes have been dumped on the open market through central bank leasing or lending as they term it………………………………………..Full Article: Source


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