Greece, Gold, And Are People Really Prepared For A Bank Collapse?

Tuesday, August 4, 2015
By Paul Martin
August 03, 2015

Today the man who first predicted Greek bank deposits would be stolen spoke with King World News about the war in the gold and silver markets, Greece, and asked the important question: Are people really prepared for a bank collapse?

James Turk: “The constant bombardment of anti-gold articles we are seeing in the mainstream media is unprecedented, Eric….

“The negative sentiment is unrelenting, with one journalist even calling gold a ‘pet rock.’ Clearly, with epithets like that, things have reached an emotional extreme, which is the important point that I think needs to be made.

These journalists who see no value in gold are in effect concluding that gold’s 5,000 year history as money has ended. But here’s an example of how shallow their thinking is.

The pet-rock guy uses Greece’s default as an example of how gold is supposedly just sitting there in the face of news shaking the financial system. The reality is that as we speak gold is up 2% this year in terms of the euro, far better than anyone could have earned on a euro bank deposit – plus you have the safe-haven benefit of knowing that when you own gold, you do not have counterparty risk. Relying on others’ promises is a real risk.

The Rest…HERE

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