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[the cork]

James Turk: Only one defense against fiat currency -- dump it for gold
Submitted by cpowell on Thu, 2012-05-24 02:11. Section: Daily Dispatches
10:10p ET Wednesday, May 2, 2012

Dear Friend of GATA and Gold:

People moving their money from the periphery of the eurozone to Germany in pursuit of a safe haven may be in for a rude shock, according to GoldMoney founder, Free Gold Money Report editor, and GATA consultant James Turk. At the FGMR Internet site he writes today that transfers to German banks still may be forcibly converted back to reconstituted and devalued national currencies. "There is only one way to seek safety from fiat currency," Turk writes. "Exit the fiat currency system altogether" and buy gold. Turk's commentary is headlined "Preparing for the Grexit" and it's posted at the FGMR Internet site here:

http://www.fgmr.com/preparing-for-the-grexit.html

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.