James Turk interviews Ralf Flierl

Ralf Flierl, Editor of Smart Investor Magazine, and James Turk, Director of the GoldMoney Foundation, talk about investing in today’s uncertain world. They talk about precious metals, stocks, real estate, commodities and how tangible assets are the best protection in a currency crisis.

They explain how people feel that something is wrong with our financial and monetary system, but can’t explain what or how. Ralf Flierl explains that without understanding how our fiat money system works, it is difficult to know how to protect your wealth, let alone find solutions to the monetary troubles ahead. They talk about the Austrian economics content of Smart Investor Magazin. They talk about the Cantillon effect and how the monetary system affects distribution of wealth, increasing the divide between rich and poor.

This interview was recorded on October 1st 2011 in Vienna.