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    Physical gold demand is taking over

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    GoldMoney

    by GoldMoney

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    Watch the full 33-minute video at http://www.goldmoney.com/embry-turk-interview. John Embry (http://www.sprott.com) and James Turk, Director of the GoldMoney Foundation, talk about the price of gold and the US debt downgrade. They discuss Sinclair’s $1,764 level and how the majority of observers still disparage gold, even if perception is slowly changing. They also explain why the physical gold market is taking over from the paper gold, derivatives, market and strong physical demand will drive the price much higher.

    This interview was recorded on August 5th 2011 in London.