What a carnival it is lately. You can almost feel it. This crazy, insolvent and illiquid world because it is oozing in debt. It doesn’t pass the nose of James Turk very easily either. I have followed James Turk for over 7 years now. 7 years of wisdom – especially on physical gold – and this statement does not miss the mark! Here’s James, as interviewed today by King World News:
“The only uncertain thing is: On which side of the Atlantic will a major bank collapse? Because there are so many insolvent and fragile institutions around, it is hard to say which domino will topple first. I don’t think investors fully understand at this point the potential ramifications. When the first domino toppled in 2008, central banks stopped the contagion at Lehman, but they didn’t solve the problem, which has now become larger and much more severe than it was three years ago. What this means is that once the first domino topples, this event may be beyond the control of any one government or even central banks.”
Hmmm…. “….this event may be beyond the control of any one government or even central banks”. Hello! Got gold? Got physical gold? Call us today at Lear Capital to discuss it more!