Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.

James Turk of the GoldMoney Foundation speaks about currency devaluation and the rising gold price. He also explains why gold should be considered money and not an investment. “When you’re looking at gold, it goes into the bottom part of your portfolio, the liquidity part of your portfolio. And when you’re evaluating whether you want to own gold, you evaluate it against other currencies of the world, other monies of the world,” he said.

Source: GoldMoney (via YouTube), June 5, 2011.

Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.


“Gold is not an investment. It is money,” says James Turk was first posted on June 18, 2011 at 8:10 am.
©2011 “Investment Postcards from Cape Town”. Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at wordpress@investmentpostcards.com

Feed enhanced by the Add To Feed Plugin by Ajay D’Souza