Gold is the final money

Watch the full 29-minute video at http://www.goldmoney.com/vorndran-turk-interview. Philipp Vorndran, of Flossbach & von Storch, and James Turk, Director of the GoldMoney Foundation, talk about how to prepare ourselves for financial repression. He talks of the dangers of capital controls, limitations on ownership of certain assets, increased tax burden and a whole plethora of possible political measures that desperate politicians might take to attempt to get the debt situation under control. Philipp’s fund still has a great deal of gold; they consider gold “the final money” and still see a lot of potential for its price. He talks of $5,000 gold price and expects the bull market to eventually reach the same level of enthusiasm and participation as the dot-com bubble in the 1990s. He also talks about the possibility of the general public rediscovering gold as money and the danger that there could be legal restrictions on gold ownership. This interview was recorded on October 1st 2011 in Vienna.