Turk: Gold is exceptionally undervalued
Duncan Richardson, News Editor
6 Feb 2014, 11:26 a.m.
Gold expert James Turk believes gold is extremely undervalued and there’s an imbalance between supply and demand. Speaking at the latest mining conference in Cape Town, Turk also added. “The writing is on the wall for the dollar and other currencies. The monetary system is breaking down and central banks are serving their own interests. The return to gold is inevitable.”
Turk is concerned that a new global crisis is brewing with interest rates rising in many countries, worsening the debt burden.