James Turk : gold and silver prices will explode this summer

James Turk of goldmoney.com on the Kerry Lutz - July 18, 2011



James Turk : " ... I made a contrary call because normally gold and silver are pretty quite during the summer months , because it is a seasonal pattern that tends to repeat , but it does not always work that way " says James Turk " I keep going back to 1982 when gold prices rose 50 percent in three months during the Mexican debt default and my point has been is this summer is going to be a repeat of 1982 it is not Mexico that is going to default this time it is going to be somebody else whether it is Greece United Kingdom Belgium Italy Spain United States Japan or anyone of a dozen other countries who knows , but it looks like it is gonna be a good couple of months for the metals as people worry about the default and move into the security of gold and silver "....."there are two assets types , tangible assets and financial assets and what's happening as you go through a bust , financial assets financial assets lose value , promesses are broken and people move to tangible assets of all sorts and the most liquid of tangible assets is of course gold and silver , so it is not too surprising that we see gold at a new record high this morning and silver approaching back that January 1880 all time record high , i expect new highs in the precious metals as we go forward because this bust that we are in still has few more years ......"

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