Monday, August 29, 2011

James Turk Discusses Long Term Gold and Silver Outlook: $8,000/oz and $400/oz

As news is slow this Monday, we thought it would be a good time to post an excellent interview from James Turk in which he gives his long term gold and silver outlooks.
While Turk believes it unlikely for silver to reach parity with gold in this bull market, Turk looks for gold to reach at least $8,000/oz, and the silver/ gold ratio to tighten to 20:1 at a minimum (Turk is a little more conservative than The Doc who expects a 5:1 ratio at a minimum), which would mean $400/oz silver should Turk's gold target be met.