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James Turk sees 2,000 gold before the end of October;

James Turk - Expect $2,000 Gold Within 45 Days

With gold trading above $1,800 and silver over $40, today King World News interviewed James Turk out of Spain. Turk had forecast a massive move for the summer in gold, which is exactly what took place as gold had its biggest summer in 30 years. When asked what to expect from here Turk responded, “When we started talking about the big move I was expecting this summer, gold was roughly $1,480. From that low to the recent peak at $1,920, gold’s rise was nearly 30%.”

James Turk continues:

“I was expecting closer to 50% by the end of September and even though we are not at the end of the month and may not reach that 50%, there is a lot more left in this move. Gold is headed over $2,000 and if it doesn’t happen this month, it will probably happen in October.

So look at shakeouts like we have had today as yet another great opportunity to get rid of overvalued dollars, euros, pounds, etc., and trade them in for physical gold. Importantly, Eric, even though the price of gold has risen for many years, it still remains undervalued by all of my historical measures. More importantly, we know things have value because of their usefulness and right now physical gold’s greatest attribute is that it does not have counter-party risk.

Unlike debtors of all sorts, whether individuals, companies or governments, gold does not default. This is one of the main reasons to own physical gold as the world’s financial system unravels around us....

Continue reading the James Turk interview below...
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