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Home>Opinions and Analysis>With more collapses, only avoiding counterparty risk can protect investors, Turk says

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With more collapses, only avoiding counterparty risk can protect investors, Turk says

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Chris Powell

GATA

Published : October 13th, 2011

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FOLLOW : Goldmoney James Turk Precious Metals

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Category : Opinions and Analysis

GoldMoney founder and GATA consultant James Turk today tells King World News that the next Lehman moment hasn't arrived yet, that the nationalization of Belgium's Dexia bank and the bankruptcy of Harrisburg, Pennsylvania, are just intermediate steps to the next financial collapse when only assets without counterparty risk -- the precious metals -- will really protect investors. An excerpt from the interview with Turk is posted at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/10

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Chris Powell 13 abonnés

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.

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