James Turk – Gold Will Soon Skyrocket Like The Parabolic Bitcoin Chart

Tuesday, May 9, 2017
By Paul Martin

KingWorldNews.com
May 08, 2017

Today James Turk told King World News that the price of gold will soon skyrocket like the parabolic Bitcoin chart.

“Currencies Continue To Be Debasedâ€
James Turk: “I can’t count the number of times have we seen disheartening downdrafts in the precious metals, Eric. But I do know the number of times gold and silver have rebounded – every time…

James Turk continues: “The rebound may not be the same week or the same month as the downdraft, but eventually gold and silver climb up from the canvas, dust themselves off, and start climbing higher. The precious metals do this because they are money, and the money-substitutes we call national currencies continue to be debased by central banks.

So over time, the purchasing power of national currencies is eroded, and eventually the debasement is reflected in higher precious metal prices. The tipping point occurs when the central banks and their bullion bank agents trying to cap the gold price can no longer hold back the global demands to exit paper money as investors seek to hold physical metal instead of depreciating fiat. But now people say gold has a new rival – cryptocurrencies.

They may have a point to a certain extent. As the following chart shows, Bitcoin – which was the world’s first cryptocurrency – has risen nearly 8-fold since the Autumn of 2015 from around $200 to $1600. Over that period it has been the world’s best performing currency, beating by a mile the runner-up – gold.

The Rest…HERE

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