James Turk: The decade's best national currency
Dear Friend of GATA and Gold (and Silver):
In his first commentary of 2010, GoldMoney founder and Free Gold Money Report editor James Turk laboriously calculates the performance of gold and silver in all major world currencies over the last decade. Turk, a consultant to GATA, finds that every currency declined by at least 10 percent or more per year on average against gold and by at least 9 percent against silver. (The U.S. dollar's average annual decline against gold was 14.9 percent and 14.4 percent against silver.)
Meanwhile, Turk reports, throughout the decade gold and silver serenely maintained their value against oil.
Turk's analysis is headlined "The Decade's Best National Currency" and you can find it at the Free Gold Money Report Internet site here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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