James Turk: Gold $8,000, Hyperinflation sure, Prohibition possible

Next are a couple of offerings from GoldMoney founder and GATA consultant James Turk. The first is a 9-minute interview by German website MMNews.de. James remarks that there are no safe currencies anymore, only gold and silver... and that he expects capital controls rather than attempts by governments to confiscate the precious metals... and that hyperinflation is certain for the United States. The link to the interview headlined "James Turk: Gold $8,000, Hyperinflation sure, Prohibition possible"... and the link is here.

 

Finland Opposes Aid To Ireland

 

Austria Witholds Funds To EU Greece Bailout Package, Says Greece Hasn't Met Commitments To EU On Public Finances

 

Ireland In Talks For Bailout With EU, IMF And EC 

 

TIC Update: In September Foreign Central Banks Dumped The Biggest Amount Of US Agencies On Record

Inflation Expectation Tuesday: Europe Takes Bernanke’s “Cash is Trash” Message a Little TOO Literally



"Contagion hits Portugal as Ireland dithers on Rescue". EU authorities have begun to vent their fury against Ireland over its refusal to accept a financial rescue, fearing that the crisis will engulf Portugal and Spain unless confidence is restored immediately to eurozone bond markets. I consider this story well worth your time... and the link is here.


"Portuguese Foreign Minister Says Country May Need To Leave Euro"here.


"Oh Boy, California Munis Are Getting Crushed Again Today". There are four lines of text and another very scary looking graph... and the link is here.

Gold steadies as debt worries support

Here's a Reuters piece courtesy of reader Roy Stephens. It was filed from New York yesterday... and the headline reads "Gold steadies as debt worries support". The picture that accompanies the article is worth the trip all by itself... and the link is here.

Bearish trustees dig deep for gold and diamonds

Here's a story from efinancialnews.com out of London. Reader U.D. was kind enough to send along. The headline reads "Bearish trustees dig deep for gold and diamonds". Renewed inflation concerns, a weakening dollar and allegations of manipulation in the silver market are rendering many wealthy investors ultra-bearish and sending them hunting for physical gold rather than gold derivative investments. The link is here.

The Not So Funny Funnies...