Watch the full 22-minute video at http://www.goldmoney.com/zulauf-turk-interview. Felix Zulauf, Chairman of Zulauf Asset Management, and James Turk, talk about the situation in the UK. They explain that given the huge outstanding debt austerity measures will not be enough and governments will resort to more money printing. More printing and more debt will not lead to a solution. Felix sees deflationary pressures but expects monetary policy overreaction and currency debasement, as well as negative interest rates to push gold prices much higher.
This interview was recorded on Septemeber 30th 2011 in Vienna.
