The outlook for gold and silver prices

Watch the full 39-minute video at http://www.goldmoney.com/hellmeyer-turk-interview. In this video Folker Hellmeyer, chief analyst at Bremer Landesbank, and James Turk of the GoldMoney Foundation, talk about the revaluation of gold as a way to solve the debt crisis. Hellmeyer sees a strong accumulation of gold by emerging markets’ central banks. He thinks that the experiment of un-backed currencies over the last 40 years was a mistake and that we need to go back to a system in which gold plays a major role. He will not give a forecast on specific prices for gold and silver for the next 5 to 10 years, but he is sure that the prices will be much, much higher in the future. He therefore advocates that every citizen sets up his own gold and silver standard. Gold and silver can’t be printed and are in demand. Paper prices can’t fool markets for long, says Hellmeyer.

This video was recorded on November 4 at the Edelmetallmesse 2011 in Munich.