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James Turk: Update On The Gold Fundamentals

|Includes:SPDR Gold Trust ETF (GLD)

Interesting presentation from James Turk. What keeps me bullish is his Gold Money Index which still indicates that gold is way undervalued at this time.

=> youtube.com/watch?v=jVVmd1FDH4c

Another item mentioned in the video (an item I've talked about many times) is the deficit to outlay ratio. The U.S. is spending money which is borrowed for 40% on average from foreigners.

The latest data on deficit to outlay ratio in August 2012 shows that we borrowed 52% from foreigners to spend on our U.S. programs (medicare, social security, defence, pensions, education...):

Chart 1: Deficit to Outlay Ratio

Stocks: GLD