Sunday, 2 October 2011

Dimitri Speck talks to James Turk

Dimitri Speck, Author of Geheime Goldpolitik, and James Turk, Director of the GoldMoney Foundation, talk about Dimitri's book "Secret Gold Policy". They talk about the 400$/oz gold price cap in the 1990s.

They talk about more recent central bank gold buying, especially in Asia, and how European central banks have stopped selling and leasing gold. Dimitri explains that central banks are now net buyers of gold but the amounts remain very small.

Dimitri explains that the real problem is the huge size of the credit bubble. James explains that since we cannot rely on central banks to do the right thing we should all become our own central bank by owning gold.

This interview was recorded on August 5 2011 in London.