In this first ever GoldMoney Foundation Podcast Show, Dominic Frisby interviews James Turk, of the GoldMoney Foundation. They talk about the recent correction in the price of gold from all time nominal highs of 1.923$ per troy ounce and discuss the implications. Dominic points out that there hasn't been a 20% drop in the price of gold since 2008. James explains that these periodic liquidations are a normal part of gold's bull market. They talk about the fundamentals and discuss gold's safe haven status. They talk about how gold suffers in a liquidity event because of the rush to cash and the need to realise profit, while outperforming all other assets. James Turk recommends seeing gold as a form of savings and accumulating while its undervalued, since the trend will go much higher, rather than attempting to trade it. They discuss Lehman, Greece, Dexia and other significant market events.
