Buy Gold: Gold could break through $2000 level soon

Gold Investment - 6 February 2012

Eric King of King World News recently had an interview with James Turk, the Founder of GoldMoney, in which Turk has made it clear that gold is ready to break through the $2000 price level.

We are not going to go into the details here, but it is clear from the relevant interview that Turk expects to see both gold and silver prices to surge to new heights. He is of the opinion for one that Greece is going to default, given the fact that the “…Greeks have rejected German-led calls for the EU to start managing Greek government finances. That would mean the complete loss of Greek sovereignty, so the Greek finance minister obviously rejected that dictate” (Turk - Gold Ready to Smash Through $2,000, Exploding Higher, King World News, 30 January 2012). In addition, he has noted Spain’s depression, with the youth unemployment rate already over 50%, and the United Kingdom’s slide into what seems like a deep recession. Furthermore, he noted that “…on the other side of the Atlantic, the Federal Reserve announced they are going to destroy savers by keeping interest rates below the inflation rate for another two years.  It is really tragic, Eric, how governments are destroying capitalism, but as Ludwig von Mises warned us, governments will destroy free markets and economic activity long before they understand how they work” (Turk - Gold Ready to Smash Through $2,000, Exploding Higher, King World News, 30 January 2012). Yes, precious metals or hard currencies such as gold and silver have a lot going for it, especially considering the deliberate and calculated destruction that’s going on. The Elite knows that their global fiat Ponzi scheme is about to implode and this is why they are stealing as much as they can, while they can, leaving thousands of people totally exposed to the elements out there. It is the very same people that will present themselves as the ‘good guys’ once their Ponzi scheme implodes. Make no mistake about it; they will attempt to begin another fiat Ponzi scheme once this one implodes. They’ve done it in history and they will do it again. Expect to see the launch of a new global reserve currency backed by gold and silver, which will at least initially be backed by gold and silver, but will eventually become a fiat currency again. It is therefore important to advocate and to fight for a monetary system where firstly, the charging of interest on loans is forbidden, and secondly, where currencies consist of gold, silver and even copper coins. Yes, paper notes can be convenient, but are wide open to abuse and don’t adhere to what defines money in the true sense of the word. Gold and silver bars can be used to transact between countries such as in the past.

Given the above, it might be wise to seriously consider acquiring or buying physical gold and silver, especially if you haven’t jumped on the bandwagon yet. Believe it or not, but the window of opportunity to acquire precious metals such as gold and silver at these ridiculous low price levels compared to fiat money is closing faster than ever before. Make no mistake about it, like in the past the ultimate collapse of the global fiat Ponzi scheme will be sudden and absolutely devastating, especially to those who are totally unprepared for what’s coming.