The Phaserl


Turk: Bursting Money Bubble Could Inflate Gold To $12,000

by Sumit Roy, Hard Assets Investor:

HardAssetsInvestor: Let’s talk about your new book, The Money Bubble, which you co-authored with John Rubino. When people think of bubbles, they think about the dot-com bubble in the 2000s or the housing bubble a few years ago. But you explain how those pale in comparison with the money bubble, which you say is the biggest bubble in history. Would you briefly tell us what the money bubble is?

James Turk: It’s the belief that the national currency that people are using for transactions in commerce is money. But in fact, all of these currencies are not really money; they are a money substitute circulating in place of money.

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