Turk – Greek Default Imminent as Financial Crisis Propels Gold

Today James Turk informed King World News that a Greek default is imminent and investors should expect this rolling financial crisis to continue to propel gold higher.  Here is what Turk had to say about the ongoing crisis and what to expect going forward:  “I think the key item today is a Greek default looks imminent.  The various parties are in the final stages of negotiating terms.  They have now reached an impasse.  Basically, the German government and the international institutions involved are insisting that the private lenders take a bigger loss and lower interest rate on the new bonds they are to receive.”

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