Watch the full 33-minute video at http://www.goldmoney.com/embry-turk-interview. John Embry (http://www.sprott.com) and James Turk, Director of the GoldMoney Foundation, talk about how the price of gold will react in another market meltdown similar to 2008, and whether there will be a sell-off. They conclude that this time the flight to safety will be more important than the rush for liquidity and that gold is uniquely placed to act as a safe haven, especially with T-bills and other traditional safe assets discredited by US debt issues. They explain how important it is to own tangible assets that are free of counterparty risk. They also talk about some relatively safer currencies like the CAD, AUD and CHF, and conclude that, although better than the US dollar, they also have their flaws.<br /><br />This interview was recorded on August 5th 2011 in London.
