KING WORLD NEWS - BLOG
BROADCAST../../../../Broadcast/Broadcast.html../../../../Broadcast/Broadcast.htmlshapeimage_6_link_0
HOME../../../../King_World_News.html../../../../King_World_News.htmlshapeimage_13_link_0
BUSINESS../../../../Business.html../../../../Business.htmlshapeimage_14_link_0
GREEN../../../../Green.html../../../../Green.htmlshapeimage_15_link_0
HEALTH../../../../Health_1.html../../../../Health_1.htmlshapeimage_16_link_0
ENERGY../../../../Energy.html../../../../Energy.htmlshapeimage_17_link_0
SPORTS../../../../Sports.html../../../../Sports.htmlshapeimage_18_link_0
GOLD+../../../../Gold.html../../../../Gold.htmlshapeimage_21_link_0
 
 
KWN Blog




Archives../../../Archive.html../../../Archive.html../../../Archive.html../../../Archive.html../../../Archive.html../../../Archive.html../../../Archive.htmlshapeimage_23_link_0shapeimage_23_link_1shapeimage_23_link_2shapeimage_23_link_3shapeimage_23_link_4shapeimage_23_link_5
To go to KWN “RSS Subscription” page CLICK HERE../../../KWN_DailyWeb.html../../../KWN_DailyWeb.htmlshapeimage_24_link_0
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.html
KWN BLOGhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlshapeimage_26_link_0shapeimage_26_link_1

According to James Turk, the number is even more staggering when you use M3 because it captures all of the dollars in circulation, the total stock.  It is the total amount of paper currency and total deposit currency within the banking system.  And if you use M3, the actual number is $53,957 in circulation for every one ounce of gold.  Turk commented, “That is even assuming the US actually possesses all of the gold it claims to own.”


James also added, “While the M3 number is frightening, even Mark’s calculation shows that gold is still undervalued.”


The gold and silver markets are in the process of moving towards fair value.  Unless a fixed rate for gold is established, the reality is that a mania will develop and gold will grossly exceed fair value as it did in 1980. 


What King World News readers globally need to realize is that is does not matter whether gold is trading at $1,300 or $1,400, the fact is that gold is dramatically undervalued by any metric, and everyone should be exchanging their fiat money for gold because of that fundamental undervaluation.


Eric King

KingWorldNews.com

To return to BLOG click here.


KWN BLOG INTERVIEWS