Today one of the wealthiest men in the resource space urged people to take very seriously Keith Barron’s warning that global gold production was poised to fall off a cliff. Rick Rule also spoke about comments from Turkey’s leader that gold should be considered when it comes to stabilizing the financial system.
Here is what Rule had to say: “The President of Turkey was speaking in the context of the European Economic Community, reserve currencies and exchange mechanisms, and he asked the assembled political leaders, ‘Why not gold? What’s the matter with gold? Nobody can print gold.’
“It’s interesting to hear this gentleman who is alleged to be an Islamist, come forward and say all of the sensical things that the Western hard money guys would say. By the way, you will never hear me say nice things about a sitting politician, but I would about a guy like him because he took a country that was very debt-ridden, and is now a year away from paying off its external debts.
"This guy is the leader of a nation on the European periphery who is saying these things. ..."