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Home>Manipulation and Fractional Gold>QE will increase but rates will rise anyway, Turk says

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QE will increase but rates will rise anyway, Turk says

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Chris Powell

GATA

Published : November 05th, 2013

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FOLLOW : Federal Reserve Gold Goldmoney James Turk Monetization Physical Gold Silver Turk

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Category : Manipulation and Fractional Gold


	The Federal Reserve will be increasing its bond monetization, not "tapering" it, GoldMoney founder James Turk predicts to King World News today. But interest rates are likely to rise anyway, Turk adds, as there will continue to be more general selling of government bonds than buying by the Fed. "It is extremely critical that investors understand that they should absolutely not be holding dollars or Treasury paper," Turk says. "They are incredibly overvalued and therefore they will be the ultimate losers here. Physical gold and silver are the place to be, and can continue to be picked up at prices that reflect severe undervaluation." An excerpt from the interview is posted at the King World News blog here: http://kingworldnews.com/kingworldnews/KWN_Da...2013/11/4_Wo...

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.

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