Turner and Zavrl Selected to Lead RUE Ltd. in Monetizing Yakutian Gold

Aug. 18, 2010 - PRLog -- London based RUE Ltd. let it be officially known that Mr. John Turner and Dr. Domen Zavrl will head the company’s activities in utilizing and monetizing the gold bullion held by the firm. It is reported that RUE has several hundred million Euros in gold bars warehoused and wants to put them to use. The company has chosen Mr. Turner and Dr. Zavrl to accomplish such.

Dr. Zavrl is a well known and well respected economist and university lecturer. Having served as a consultant to both the private sector and government Dr. Zavrl would seem to be a natural fit in this capacity. Dr. Zavrl was recently a featured speaker at economic summits in Seoul, Korea and Baden Baden, Germany where his works were very well received.

When contacted at his home in Naples, Florida the normally reclusive Mr. Turner was forthcoming in both his praise for Dr. Zavrl and the task at hand. “Dr. Domen Zavrl is one of the absolute brightest minds that I have ever known” Turner stated. He went on to say “Domen Zavrl is rare in that he has the grasp of not only an economist, but that of an entrepreneur as well.” Turner chuckled and then added ”We are both commonly referred to as being Entrepreneurial Economists. That’s an oxymoron somewhat like Jumbo Shrimp. It is however somewhat true. Whereas economists weigh and measure policy in attempting to forecast future events, entrepreneurs also weigh and measure in an attempt to forecast profit. The difference is that being incorrect doesn’t come directly out of the economist’s wallet.” When asked about the ability to monetize Russian gold Turner said “As soon as the world wakes up and realizes that all of the gold we own is in warehouses under the direction of the Russian Central Bank and the extent of Russian law surrounding the issuance and use of financial securities we will not have a problem.” He went on to say “This isn’t a problem concerning the gold or how it’s secured. The problem lies directly with imparting knowledge. The financial community as a whole is rather ignorant concerning the subject.” He also added “Today’s world is a global economic community. We need to wake up and realize that Russia is no longer a threat. She is an important trading partner and we are going to have to do more in familiarizing ourselves with and establishing and improving ways to work and interact with her.”

RUE is currently accepting financial proposals and will entertain business proposition in which gold warehouse warrants may be utilized. It is reported that RUE is currently involved with the issuance of financial guarantees, perpetual demand notes, and is in the early stages of acquiring several resort hotels.