Aug 17, 2008

James Turk: A fabrication bottleneck or something more?

GoldMoney founder James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, comments on the retail market's shortage of gold and silver in his new essay, "A Fabrication Bottleneck or Something More?" Turk writes that GoldMoney had a record week for purchases last week but has not yet seen a shortage of the large LBMA-standard bars in which it typically does business.
But Turk speculates that central bank gold vaults could be cleaned out if gold does not return to $900 soon. You can find Turk's essay in the "Founder's Commentary" section of the GoldMoney home page HERE

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