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World has less gold above ground than it thinks

IMG Auteur
Published : December 06th, 2012
67 words - Reading time : less than a minute
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Category : GoldWire

 

 

 

 

GoldMoney's James Turk explains in a new audio interview why the world's above-ground gold inventory is likely much less than generally calculated and, perhaps more importantly, why gold is money rather than an investment -- but not a bad investment insofar as other forms of money are always depreciating. The interview is 20 minutes long and it's posted at GoldMoney's Internet site here:

http://www.goldmoney.com/podcast/aboveground-gold-stock-likely-smaller-t...

CHRIS POWELL, Secretary/Treasurer

 

 

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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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