via Gold Money - James Turk

James Turk is pointing out again his outlook for the gold price into the end game for precious metals prices.

One thing various goverments can do to avoid a calamity is to fix the gold price in foreign exchange, and then devalue against gold. This is something not well explained or discussed anywhere, except for a few examples.

That makes gold miners advantageous over holding bullion. But if you look at Bloomberg's ratios, gold mining looks unusually awful as an investment.

How there came to be such immense bias against gold mining equities rather than bullion remains an open question. Economic theories that came out of times and countries with no strong gold mining tradition might be the answer; everyone happened to seize upon theory as fact.

The end of the Mayan calendar came and went without a fuss, theories of monetary armageddon may only be the same kind of superstition.

Just the same, the Canadian Central Bank is remiss in not diversifying out of currencies and into precious metals.

Gold Money