Saturday, December 29, 2012

The Road to Hyperinflation


"The road to hyperinflation. We abandoned the wisdom of the founders."

- Source:

Sunday, December 23, 2012

James Turk's Outlook for Gold for 2013 until 2015


"GoldMoney Chairman James Turk presents a sequel to his recently released video "Everyone should have a precious metals portfolio" which outlines his views on where the monetary and financial worlds are headed.

In this latest video James provides an update to a longstanding forecast that he made back in 2003 in Barron's. This interview was widely talked about because whilst the gold price was USD 350 at the time, James stated that he envisioned the gold price to be around USD 8,000 sometime between 2013-2015.

Now 9 years later, James looks back on this forecast and explains how this original price target was determined. As this timeframe is approaching, James goes on to update this forecast considering the current economic climate.

James argues that the reasons laid out in 2003, that would impact negatively the purchasing power of the dollar, thereby positively impacting the price of gold, are in fact worse than anticipated."

- Source, GoldMoney Research:

http://www.goldmoney.com/goldresearch

Friday, December 21, 2012

James Turk Interviews Doug Casey


"In this video, Doug Casey, founder and chairman of Casey Research Institute, talks to the GoldMoney Foundation's James Turk about the greater depression that is facing the developed world. In Casey's view, finding intriguing investment opportunities is difficult at the moment, owing to the dislocations affecting economies as a result of central banks' money printing efforts. He does however think that tangible assets such as precious metals, land and fine art remain the best options available at the moment.

In stark contrast, Casey is extremely downbeat on bonds and the US dollar. He thinks that given the incredible levels that bond prices have risen to as a result of panicked safe-haven buying by hedge funds, they represent an excellent shorting opportunity for speculators.

Turk and Casey also discuss the opportunities to be had in mining shares, though Doug also points out the significant risks that mining companies face -- relating to political pressure from politicians and environmentalists. He says that investors need to be aware of these risks, but remains bullish on junior gold and silver producers.

Casey and Turk also discuss whether or not technological advances will ever gold obsolete as a potential form of money and store of value. Casey points out that according to Aristotle's definition of good money, gold will always remain the best form of money. In his words: "gold is uniquely suitable for use as money". Viewers can subscribe to free "Conversation with Casey" at www.caseyresearch.com. This interview was recorded in Sydney, Australia on 10 October 2011."


- Source, GoldMoney Research:

Wednesday, December 19, 2012

Keep Stacking Physical

"How do you fight the gold cartel and central planners? Two things are important. First, the house is rigged, so don't play the game. Stay out of the paper market. Stop using the Comex. Don't be feedstock for the gold cartel. The second thing of course is far more important, which is to buy physical metal. In other words, accumulate physical gold and physical silver; don't trade them.”

- James Turk, via a recent King World News interview, read the full interview here:

Saturday, December 15, 2012

Everyone Should Have a Precious Metals Portfolio


"GoldMoney Chairman James Turk outlines the reasons why "everyone should have a precious metals portfolio."

James outlines the stark fiscal facts about government debt problems across the developed world, and why central banks' determination to devalue the currencies they issue is causing a bull market in precious metals. He demonstrates why gold remains undervalued, despite the great gains seen in its price over the last 11 years, and a means of assessing whether or not the yellow metal is fairly valued or not.

James argues that we are living in "fiat currency bubble", similar though many magnitudes greater than the recent housing bubbles seen in America, Ireland, Spain and other countries, or the "Tech bubble" in NASDAQ stocks in the late 1990s. The USA is racing towards hyperinflation, courtesy of the Federal Reserve's monetisation of US government deficits."

- Source, GoldMoney research:

Monday, December 10, 2012

A Lot of Central Bank Gold is Missing


"GoldMoney's Andy Duncan speaks to James Turk, Chairman of GoldMoney and co-author of The Collapse of the Dollar (2004), about his claim that central banks are holding less in their physical gold reserves than many assume.

James Turk explains the problem that central banks report gold and gold receivables as one line item on their balance sheets. This allows them to lease out physical gold in return for paper claims -- posing the question of just how much physical gold is left.

They also discuss the Gold Money Index and the gold-based Fear Index. Both show that gold remains undervalued compared with historical norms. They talk about how close we are to a "Golden Cliff", where the western central banks stop lending out their gold, and what the systemic repercussions of this are likely to be.

Finally, they assess the chances of Western governments undertaking gold confiscation and capital control measures; the likely amount of physical gold held at Fort Knox; and the reasons behind their prediction of an upcoming failure of fiat paper currency."

- Source:

Thursday, December 6, 2012

The Reason they are Attempting to Make Gold and Silver Look Weak

"On a day like today when the metals are getting pounded by the cartel, it’s important to step back and look at the big picture. And the bottom line here is that we have some tough times coming. We need to prepare for it, and of course the best way to do that is by accumulating physical gold and silver.

The reason they are attempting to make gold and silver look weak here is because these monetary metals will provide the foundation when the monetary system is eventually re-constructed, and the price of gold and silver will be far higher than the numbers they are painting the tape with today. But before that day comes, they need to shake as many people out of these markets as possible so they are victims of the greatest wealth transfer in history, not beneficiaries.”


Saturday, December 1, 2012

Gold and Silver Will Eventually Become Overvalued, but Not Yet

"They (central planners) are running out of ammunition and they are running out of excuses for this system they are keeping together. Ultimately that is going to be reflected in a higher gold price. It (gold) is going to go up in the same way it went up in the 1970s when the US threw in the towel (on gold suppression) back then. Gold is going to go up by a much higher and rapid rate than any of us can envision.

At some point there is going to be a panic, but the panic is going to be by the people who are coming into the market late. I do agree that there is going to be a third stage to this market which will be the speculative blowoff. At some point in time gold and silver are going to be the opposite of where they are now. In other words they are going to become overvalued once again, just like they were in 1980.”


Thursday, November 29, 2012

There is a Shortage of Physical Gold

"We look at fundamental analysis, the supply/demand situation and things like that, and we also look at technical analysis, but there is a third analysis that can sometimes be useful and that’s called ‘anecdotal evidence.’

This announcement from India is anecdotal evidence confirming what we've been talking about all along, that there is a shortage of (available) physical gold out there. One of these days, the efforts to keep the price suppressed are going to fall apart."


- James Turk, via a recent three part interview with King World News, this is a excerpt of part two, read the full interview here:

Wednesday, November 28, 2012

LBMA Covering Up Silver Manipulation?

"They (the LBMA) are making it more and more opaque. Less and less information is being made available. Specifically, what’s happened here is that the LBMA had been reporting the silver lending rate and comparing it to the LIBOR rate.

For the past couple of years I have contended that this was a fictitious rate because, in reality, I believe silver is in backwardation. In other words, the future months are below the spot months, and so you should have a negative silver forward rate. But it’s not reported that way on the LBMA site.

They (the LBMA) consistently show a positive silver forward rate. Now, what the LBMA said is they are no longer going to report silver interest rates and silver forward rates....."


- James Turk via a recent King World News interview, read the full interview here:

Sunday, November 25, 2012

Federal Reserve Pumps Money Into the System

"The Federal Reserve has started the printing presses now that the election is over.

It is beginning to pump some money into the system. Last week it turned $42.5 billion of debt into dollar currency - what is called monetization. Only $2 billion was new cash currency, which are the dollar notes that we carry in our pocket. The rest was deposit currency, which are dollars that circulate within the banking system.

Regardless, both are currency, and they both can juice the system, though deposit currency tends to have a bigger and immediate impact because it circulates more efficiently and usually more quickly...."


- James Turk, via a recent King World News Interview, read the full interview here:

Thursday, November 22, 2012

Liberty and Gold


"In the second half, Max Keiser talks to James Turk of Goldmoney.com about the link between liberty and gold and the shooting war to follow the currency war. The also discuss the gold/silver ratio and why silver today is like gold at $600."

- Source:

Monday, November 19, 2012

This Always ENDS the Same Way Zimbabwe, Argentina... America


James Turk appears on the SGT Report, where gold silver and the coming hyperinflation is discussed. View the full video above.

- Source, SGTReport:

Tuesday, November 13, 2012

The Dow / Gold Ratio is Headed to 1/1

"One of the early victories of central planners has been to fool gold and silver investors into believing that gold and silver can only rise if stocks are rising. But if stocks are plunging, then gold and silver must plunge as well. This is patently false.

The Dow/Gold ratio is headed to 1/1, just like it was in the 1930s, and in 1980 at the end of those two financial busts. In order to achieve this eventual 1/1 parity, gold and silver have to move in the opposite direction of the stock market, just like they did last week.

So don’t be fooled into believing the half-truths of the central planners and those who use government intervention to disrupt the markets. The bottom line is that gold and silver do not need more QE to achieve higher prices. Therefore, I think it is reasonable to look for gold and silver to continue repeating last week's performance by climbing higher as we move to the end of the year, regardless of what happens in the global stock markets.”

- James Turk via a recent King World News interview, read the full interview here:

Sunday, November 11, 2012

The Precious Metals Are at a Low

"The black-box trend followers, which have had their pockets picked time and again, look like they are going to be chopped up with another whip-saw. The precious metals are probably at a low, meaning they will soon reverse and head higher from here. So it’s time to buy to again to start re-building a position."

- James Turk via a recent FOREX Pros article, read the full article here:

Tuesday, November 6, 2012

Weak Hands Get Shaken out of the Market

"These takedowns are intended to have the maximum psychological effect. The best way for the commercial shorts and the central planners to do that is to keep people pondering over the weekend about the big price drop. Big price drops often get some weak hands shaken out of the market, particularly when the weak hands have a whole weekend to worry about it.

It also gets people who intend to buy gold and silver to put off their purchase, either because they are too worried to buy or because they think they might get a lower price if they wait to buy at a later date...."

- James Turk via a recent King World News interview, read the full interview here:

Friday, November 2, 2012

Central Banks Are a Barbarous Relic

"A point I have made many times, Eric, is that we must view gold and central banking in their proper perspective. Gold is not a barbarous relic. The real barbarous relic is central banking when it perpetrates State control of money. This control impedes the market process that is an essential part of any free society. Controlling money is like controlling free speech. If a government controls a country’s money, it controls its people."

- James Turk via a recent interview with King World News, Read the full interview here:

Saturday, October 27, 2012

GoldSeek Radio Interviews James Turk


James Turk was recently interviewed by Chris Waltzek of GoldSkeek Radio. You can listen to that full interview here.

- Source:

Tuesday, October 23, 2012

The Precious Metals Markets are Rigged

“I think John Embry got it exactly right in his KWN interview this week, Eric. John made the point about the US election coming up and the effort to make everything look as good as possible. We already saw that happen earlier in the month when the questionable unemployment number was released.

That unemployment release even got the mainstream people raising their eyebrows when they saw the big drop. Now we are seeing it in gold and silver. Just about everybody recognizes that the precious metals markets are rigged, to use John's term.

As a consequence, gold and silver were beaten up a little, which can make a week like this one a bit discouraging...."

- James Turk via a recent King World News interview, read the full interview here:

Thursday, October 18, 2012

Gold, Bitcoin and Competitive Currencies


"GoldMoney's James Turk interviews Félix Moreno de la Cova, who is a studied economist, trader and GoldMoney contributor. They discuss the idea of currency competition and talk about the pros and cons of Bitcoin and digital gold currencies.

Félix explains the working mechanisms behind Bitcoin, which is a digital currency. He talks about the decentralised Bitcoin protocol, which is the DNA of Bitcoin and assures that bitcoins will not be double-spent. He states that Bitcoin can't be shut down unless the whole internet gets shut down.

They discuss the differences, but also the similarities between Bitcoin and digital gold currencies. James Turk points out that using tangible assets as money eliminates counterparty and payment risk. Félix states, that the amount of minable bitcoins is limited similar to the amount of gold.

Furthermore they talk about the security of Bitcoin exchanges and the difference between money and currency. Both endorse the idea of bringing competition to currencies and developing new ways to transact more efficiently."

Sunday, October 14, 2012

The Merits of Owning Gold


"James Turk of the GoldMoney Foundation speaks about currency devaluation and the rising gold price. How the gold price is rising against all major currencies and monetary policy is political, having abandoned all pretence of seeking monetary stability. He warns of the dangers of a hyperinflationary crisis. James also explains why gold should be considered money and not an investment.

He also talks of the coming dollar collapse and the waterfall decline in the dollar, especially since Ben Bernanke's words on QE. He talks of different examples of hyperinflation from paper money hyperinflation in Weimar Germany to deposit currency hyperinflation in Argentina. The presentation was held on 29 April 2011 in Munich, Germany."

Saturday, October 6, 2012

James Turk Talks to Félix Moreno on Recent Gold and Silver Moves



"GoldMoney's James Turk interviews Félix Moreno de la Cova, who is a studied economist, trader and GoldMoney contributor. They talk about the recent action in the precious metals and currency markets.

With the announcement of QE3 by the Federal Reserve last week the prices for gold and silver continued to surge higher. However Félix points out that September is traditionally a strong month for the metals which is why they might have rallied even without further monetary stimulus. He states that after a year of consolidation the stage is now set for much higher prices.

He points out that the competitive devaluation of the major currencies is continuing which in the end will lead to the destruction of all fiat currency. While the new liquidity injection by the European Central Bank helped to boost the markets in the short term and caused the euro to rally against the dollar he expects that the markets will soon again start to focus on the fiscal problems in Europe - none of which have been resolved yet.

They emphasise the extraordinary situation of negative interest rates and point out that gold prices are far from being overvalued right now despite the fact that gold is flirting with new all-time highs in euro terms. Félix is also extremely bullish regarding silver, though pointing to the high volatility. He states that accumulating precious metals will continue to be a great strategy going forward."

- Source:

http://www.goldmoney.com/goldresearch

Tuesday, October 2, 2012

Central Banks are Out of Control

"The Federal Reserve has been doubling-down for years, Eric, with QE1, QE2, Twist and now QE3, which has no limit. The other central banks have been doubling-down too because just about all of them are out of control. They refuse to admit, or possibly do not even understand, that their formula to create wealth by money printing is based on flawed economic theory which is just plain wrong. Wealth does not come from the printing press; it only comes from hard work."

- James Turk via a recent King World News interview, read the full interview here:

Friday, September 28, 2012

The Battle Over Gold and Silver

“It's a real battleground out there, Eric. It started at the beginning of last week when gold was looking like it would break through $1780 while silver was already climbing through $35. But then the shorts started throwing everything they could at that price advance and stopped both precious metals.

“Hitting a wall like that caused a reversal, but support quickly showed up in the $1750s and around $34. The same thing happened twice last week, but the week ended for the precious metals in a stand-off. Then today the battle started again when the shorts started pounding gold and silver here in Europe.

But just like last week, the buyers of physical metal showed up when gold dropped into the $1750s...."

- James Turk via a recent King World News interview, read the full interview here:

Monday, September 24, 2012

It Always Ends the Same - Disaster for the Currency




"James Turk, Founder of GoldMoney revisits his decade long prediction of $400 silver and $8,000 gold. And he corrects me, explaining that he sees it as early as 2013-2105, along with hyperinflation. The fuse has been lit and time is running out."

- Source:

http://SGTreport.com/

Friday, September 21, 2012

Big Price Gains in the Weeks and Months Ahead

"Buyers are not giving the precious metals a chance to correct. Their price just moves sideways, thus thwarting the selling from central planners who do not want to see the precious metals move higher. A sideways consolidation is one of the strongest patterns you can find in a bull market, so the way gold and silver have been trading bodes well for more big price gains in the weeks and months ahead."

- James Turk in a recent King World News interview, read the full interview here:

Monday, September 17, 2012

No Time for a Pullback Gold Going to New Highs

James Turk was recently interview by King World News once again. This time he gives a powerful interview in which he discusses Bernanke, QE3, gold, silver and more. He makes the bold call that there is no time to wait for a pullback. Gold and Silver are going to hit new highs. That sounds like a buy call if I ever heard one. 

Listen to this powerful interview, by King World News below:

Tuesday, September 11, 2012

The Dollars Come from Two Places...

"There is no discipline on US government spending. If there were, there would not be a string of trillion dollar deficits nor forecasts for trillion dollar deficits as far as the eye can see. These deficits mean the US government has to borrow money to fund its operation.

It is actually borrowing about 40% of the dollars that it is spending. These dollars can come from two places. It can come from savings, meaning people use accumulated wealth to buy the US government's debt, or the dollars can come from the printing press, and that leads to hyperinflation."

- James Turk in a recent King World News interview, read the full interview here:

Monday, September 10, 2012

The Euro is Destined to End Badly

"When the “primacy of politics” prevails, the ECB cannot possibly be independent. It is taking orders from EU governments who assert the “primacy of politics” over markets, the principles of the Bundesbank and even the rule of law. After all, it is impossible to count the number of times Maastricht Treaty obligations and EU rules for budget deficits and debt limits have been broken. So the euro is destined to end badly."

- James Turk in a recent interview with Resource Investor.com, read the full article here:

Tuesday, September 4, 2012

New Record Highs in Gold is a Done Deal

"It’s going to start accelerating on the upside. If you look at the long-term chart of gold and silver, yes gold has been up 11 years in a row, but the way it’s been rising, it’s been rising at an ever-accelerating rate.

I think you are going to start seeing some real upside in the not-too-distant future. In terms of targets, new record highs before the end of the year is pretty much a done deal. $2,000 gold is coming."


- James Turk in a recent interview with King World News, read the full interview here:

Thursday, August 30, 2012

The Euro's Fate is Sealed

"So the euro’s fate is sealed. Absent a 180-degree about-face in thinking and government policy, the euro will end up in the fiat currency graveyard. It will go the way of every other currency in which politics were considered more important than free markets – where governments gave orders to the central bank."

- James Turk via a recent article he wrote, read the full article here:

Friday, August 24, 2012

The Long Awaited Breakout is Here

"The next step is for gold to break above $1630 and silver to break above $28.30, and when it happens it will signal their long awaited breakout from these 3-month bases...."

- James Turk via a recent King World News interview, read the full interview here:

Saturday, August 18, 2012

Chris Waltzek Interviews James Turk



Chris Waltzek of Gold Seek Radio interviews the Gold and Silver expert James Turk of Gold Money.

- Sources:

http://radio.goldseek.com/

http://www.goldmoney.com/

Monday, August 13, 2012

Those Prices are History

"The action in the precious metals over the past couple of weeks has been very constructive, and here's the important point. Slowly but steadily gold has been pulling away from $1580, while silver has been pulling away from $27. As I have been saying, I think those prices are history. We won't see them again.”

- James Turk via a recent King World News article, read the full article here:

Thursday, August 9, 2012

James Turk Audio Interview - Gold Is in Backwardation

In a recent interview James Turk talks with Eric King of King World News. In this interview they discuss Silver and most importantly how Gold has entered once again into backwardation. Eric is calling this "One of JT's best interviews ever". Make sure to listen to this one.

- Listen to the full interview at King World News, here:

Wednesday, August 8, 2012

Gold Has Entered Into Backwardation

"What we really have to consider is, is gold in backwardation? I think it is, even though the gold forward rate doesn’t show it simply because dollar interest rates are manipulated. I think to a large extent gold interest rates can’t be manipulated any more than they have been.

So the true reflection of the market is you have a backwardation, but it’s not obvious because of the various interest rate manipulations that are going on. That’s very bullish. Whenever you get the metals in backwardation it’s a very bullish situation. I think that’s what we’ve got right here, Eric."

- James Turk via a recent King World News interview, read the full interview here:

Sunday, August 5, 2012

The Central Planners are Bluffing

“The way the metals traded yesterday and today illustrates the important point I was making when we did that interview. There’s a ton of money on the sidelines waiting to buy the dips. This is exactly the type of thing you see at the beginning of a bull market.

I’ve been talking about a summer rally, and here we are at the beginning of August, and I think the summer rally is actually beginning now, Eric. I think it’s becoming increasingly clear that the central planners are bluffing. They are holding a losing hand...."


- James Turk via a recent King World News interview, read the full interview here:

Friday, August 3, 2012

The Fed is Losing Control

“The Federal Reserve has made another announcement, Eric, and each one of their proclamations makes it more obvious that the Fed is no longer in the driver's seat. It is just rehashing the same stuff. The reality is the Fed is losing control. It is slowly but surely being overwhelmed by events, and particularly, the reality that US government finances are out of control.”

- James Turk via a recent King World News article, read the full article here:



Tuesday, July 31, 2012

Big Moves Coming

“The precious metal markets feel just like the summer of 2010"

- James Turk

Monday, July 23, 2012

Gold Going to $8000 and Hyperinflation a Sure Thing


James Turk says that the Gold and Silver manipulation is ending as we speak. Also he makes the predication that Gold is going to $8000 per oz and that Hyperinflation is now a sure thing.


Tuesday, July 17, 2012

Food Inflation to Propel Commodity Prices Higher

"There is a new factor at work that is about to light a fire under the precious metals that few people recognize - food inflation. It was one of the key drivers in the summer of 2010 which launched the huge rally that eventually took silver near $50 and gold to a new record over $1900. Food inflation was also a factor in the big run-up of the precious metals in 2007, and early 2008, when food riots broke out around the globe because of high prices.

The worsening drought in the midwest means that food inflation will again become one of the drivers sending gold, silver and the mining shares much higher from here. The summer doldrums are over. Gold and silver are ready to get exciting once again. We can expect a rally from here that will take our breath away.”


- James Turk, via a recent King World News Interview. Read the full interview here:

Sunday, July 15, 2012

James Turk Talks to Robert Blumen About Gold Supply and Demand





"Gold supply and demand dynamic have been analysed by countless people over the years, but according to Robert Blumen -- a software developer and a popular writer and speaker on Austrian economics whose writing has appeared at the Mises Institute, LewRockwell.com, and Financial Sense -- too many people focus on annual mine supply as an important factor in the gold price discovery process. As Blumen notes, annual gold mine supply is equivalent to just 12 trading days of LBMA transactions. This is reduced to just a few days when counting all the major gold trading venues around the world.

Turk and Blumen discuss how gold is not just another commodity, because -- in contrast to the likes of oil, corn and copper -- the total aboveground stock of gold is being added to all the time. Gold is not used up or destroyed. This is why annual mine supply (at just 1.8% of total aboveground gold) exerts so little influence on the gold price. James Turk argues that gold should not be considered as an "investment", as it does not generate a cash flow. Both men differ slightly on the question of whether or not gold can be considered money."


- Source:




Friday, June 29, 2012

End of the Road Film - Featuring James Turk



James Turk is featured in the new film "End Of The Road", which is now out and has been released for public viewing, this film also features Mike Maloney alongside Peter Schiff, Jim Rickards, Jim Puplava, Eric Sprott and more.

Wednesday, June 27, 2012

Capital Controls and Gold Smashed

James Turk was recently interview by King World News. In this interview they discuss such things as Capital controls, the current ongoing panic in the financial systems, The Great Depression and of course Gold and Silver.

Listen to the full interview here:

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2012/6/22_James_Turk.html

Friday, June 22, 2012

They are Saving QE for Another Major Crisis

“Operation Twist is just kicking the can down the road. The Fed felt it had to do something, but it’s getting so close to the election that I think they decided not to do QE at this time. The other thing is they are probably saving QE for another major crisis, whether it’s a bank failure, a derivative blowup or something of that nature."

- James Turk, via a recent King World News interview:




Monday, June 18, 2012

James Turk Interviews Folker Hellmeyer and Talk about Europe, Inflation and Gold


"In this video Folker Hellmeyer, chief analyst at Bremer Landesbank, and James Turk of the GoldMoney Foundation, talk about the problems facing the eurozone and the coming pick up in inflation. Hellmeyer doesn't see a recession coming in Europe. However he believes that inflation will pick up and go back to the levels of the 1980s."

Monday, June 11, 2012

John Embry and James Turk on why the Gold Bull Market isn't Over



James Turk and John Embry discuss recent volatility and panic in the gold and silver markets. According to John Embry markets are now highly oversold. He mentions the "leap day slaughter" and the counterintuitive situation in which gold and silver prices went down on the backdrop of negative economic news and money printing. Natural selling followed forced selling.

Embry thinks the bottom is being tested right now and that there's a lot of upward potential with limited risk. He notes that if you're negative on gold, you must be bullish on currencies, which doesn't make sense in the current environment.

James notes the media's negative sentiment towards gold lately, which has scared people away from the metals. He also notes that the banking system is falling apart in Europe, which should boost gold's status as a safe haven asset.

For a complete description of this video go to:

http://www.goldmoney.com/video/john-embry-and-james-turk-on-why-the-gold-bull...

Wednesday, June 6, 2012

We do Not Need QE3 to Make Gold and Silver Soar

"We do not need any QE to make gold soar if we are entering into a fear event. But if the central planners try to paper over the insolvency of governments and many of the big banks with more money printing, gold, silver and the mining shares will rocket even higher than I can imagine.

After all, when fear of losing your money in a banking collapse and government insolvency becomes the foremost driver of investor thinking, the sky will be the limit for gold and silver.”

- James Turk via a recent King World News Interview:

Sunday, June 3, 2012

This Coming Disaster Will Be Worse Than Lehman 2008

“The global financial situation is really starting to spin out of control, Eric. It won't be long now before the Federal Reserve, ECB, Bank of Japan and Bank of England start more QE in an attempt to keep global stock markets from imploding and causing another Lehman Brothers collapse.”

“But let's call QE what is really is, which of course is ‘money printing’. And clearly, while all that new money won't solve the problem of bank and government insolvency, Eric, you can be sure it will do one thing -- it will send gold higher.

The likelihood of more money printing may in fact be one reason that gold and the mining shares are starting to hold their own. In other words, gold and the mining shares have been generally rising -- or at least, only going down a little -- when the overall stock market is dropping....

- James Turk via a recent King World News interview:

Monday, May 28, 2012

Bank Runs in Greece Picking Up

Greece has been in a situation where the bank run has been ongoing for about two years, but last week it really started picking up some momentum. The latecomers are starting to get some serious money out of Greece and move it into the rest of Europe.

Richard Russell, many years ago, made a very interesting statement. He’s someone who actually lived through the Great Depression. He said that, ‘Coming through the Great Depression, the survivor is the person who loses the least.’

That’s something that we should be thinking about. How do we protect our assets here? How do we protect our wealth and our purchasing power? I keep coming back to gold’s 5,000 year history as money. I keep coming back to specifics. What was the way to survive the Great Depression in the 1930s? It wasn’t to have your money in a bank, it was to have gold and silver. We are still in major bull markets for gold and silver.


- James Turk via a recent King World News Interview. Read the full interview here:

Wednesday, May 23, 2012

Important Chart Suggests Massive Move for Silver & Gold

"I think this summer is shaping up to be a repeat of last year, with solid strength in both gold and silver. But in contrast to last year, Eric, I expect that the precious metals will keep climbing until year-end. The reason of course is that the underlying fundamental factors that have been driving gold and silver higher for more than a decade remain bullish. If anything, they get more bullish by the day.

The bank runs here in Europe are just one example of people looking for a safe-haven for their money, and the precious metals are of course the best safe-haven because they do not have counterparty risk. They enable you to take your wealth out of the system, which is what needs to be done because the slow-motion train wreck that is the global financial system is picking up speed.

So the long-term trend for gold and silver remains bullish. You and I have discussed many times how important it is to stay with the major trend. We have often quoted Jesse Livermore's wise advice in this regard. The other thing you and I have done is regularly compare silver to Apple to highlight silver's upside potential."







- James Turk via a recent King World News Interview:


http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/5/22_Turk__Important_Chart_Suggests_Massive_Move_for_Silver_%26_Gold.html

Tuesday, May 15, 2012

Bankers are Running Scared!

Because so many banks are on the verge of insolvency or have already reached that state. So they are not lending. They are still way over-leveraged and trying to work off all the bad loans they still have on their books.

Because it is difficult for companies to finance their operations, economic activity, pretty much everywhere throughout the EU, continues to contract. This in turn is causing more bad loans at the banks and yet more contraction of bank loans to businesses.

This downward spiral has all the outer appearances of being a deflationary collapse, except that inflation in the EU is rising, not falling. This presents an interesting conundrum...

- Read the full interview at King World News here:

Saturday, May 12, 2012

The Tax Eaters!

James Turk was recently interviewed by King World News. In this must listen to interview, Turk discusses such topics as Gold, Silver, European troubles and how the governments of the world are leading us down a path of ruin.

Listen to this full interview at King World News, here:

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2012/5/8_James_Turk.html

Tuesday, May 8, 2012

Turk - Gold & Silver Bottoming as Euro Troubles Reemerge

"They have run out of money and run out of borrowing capacity. Most lending to governments comes from banks buying their government's bonds. But banking problems are worsening as the European economy, already in recession, slides deeper under water.

I think these election results highlight a growing friction between taxpayers and tax-eaters and indicate a couple of things, Eric. First, there is an unrealistic view in Europe that by soaking the rich, the tax-eaters can continue to strap on the government-feedbag to pay for their socialist policies.

Second, a lot of people simply do not understand that many of the promises made by politicians are going to be broken because they simply cannot be afforded. They will be broken in either of two ways and neither alternative has a happy outcome."

- James Turk, via a recent King World News interview:

Wednesday, May 2, 2012

James Turk gives his timeline on the Dollar's Collapse and Gold's role as the messenger!




"With Italian and Spanish bond yields back on the rise, we've recently seen the Dutch government collapse under the weight of austerity talks and French president Nicolas Sarkozy defeated after the first-round of elections. As price discovery is guarded against in the financial markets, are we seeing its emergence reflected in the delicacy of eurozone governments as discontent is being "priced into" the democratic process?

Central banks may not be waiting to find out if major currencies -- the euro or the US dollar -- will collapse or be devalued. They are stocking up on gold. IMF data shows Mexico added close to 17 tons of gold to its reserves in March. Turkey, Russia and Kazakhstan are buying gore too. We speak with GoldMoney founder James Turk about why he thinks central banks could be guarding themselves from the confetti cannon currency being shot around the globe.

And in the US, we've seen oil prices become a political football in an election year. We'll look at what the onion market can teach us about oil speculation. What is really to blame for higher oil prices?"

Wednesday, April 4, 2012

Goldonomic's Francis Schutte Interviewed by James Turk



"James Turk, Founder/Chairman of GoldMoney and Director of the GoldMoney Foundation interviews Francis Schutte, Founder of Goldonomic.be. They speak about the Dutch translation of Spanish professor Jesus Huerta de Soto's masterpiece 'Money, Bank Credit and Economic Cycles'. Also they discuss hyperinflation, fractional reserve banking, the euro, dollar and Chinese demand for treasuries, gold and silver."


- Source:


http://www.goldmoney.com/

Friday, March 30, 2012

Precious Metals Have Bottomed Here

"This quiet we are seeing masks an important development. Almost every day for the past couple of weeks gold and silver have tested critical support, which is $1650 for gold and $32 for silver. And every time the precious metals dipped below these price levels, they bounced back. One can only conclude that support at these levels is solid.

Last Friday's close above critical support levels was particularly important. The day traders and scalpers -- which are active traders in the paper markets -- rarely carry positions over the weekend....

So when these guys exited the market last week, precious metal prices closed the week above important support. It was a sign that the precious metals are sold-out."

- James Turk via a recent interview with King World News, read the full article here:

Friday, March 23, 2012

The Gold Standard Vs. A Competitive Monetary System



"James Turk and Alasdair Macleod discuss the pros and cons of the gold standard, the benefits of competition between different currencies and the historical role of gold in international monetary systems.

James Turk points out that he is actually not in favour of a classical gold standard as it grants excessive monetary authority to governments and central banks. He prefers free competition between currencies, and thinks that gold has proven itself as the best form of money over thousands of years. He says that gold will always be the ultimate standard for economic calculation.

Both men agree that money should not be a product of governments, as most modern monetary theories advocate, as well as influential people such as Warren Buffett. As a result of on-going debt monetisation and expansion of the money supply, James Turk ultimately expects an Argentinian style hyperinflation. Macleod argues that it will be almost impossible to raise interest rates to re-establish faith in the bond markets because the current debt levels are way too high already.

While James Turk is optimistic that a solution will eventually be found to our financial problems, he expects a serious crisis before gold is reintroduced in one form or another back into the monetary system. Therefore he advises that you should become your own central bank by buying gold and silver as a means of protecting your purchasing power. When buying precious metals one should make sure not to have counterparty risk which is why Turk and Macleod advise buying physical metal only.

In conclusion, James Turk points out the difference between price and value and argues that gold is still undervalued even though the price has risen for 11 years in a row. Talk of a gold bubble is therefore misguided. James is still expecting much higher prices in the future due to on-going money printing. Alasdair also talks about how little investor participation there is in the gold market in comparison with other assets, and points out the lack of speculative buying.

This video podcast was recorded on March 8 2012 following the Mises Europe gold standard conference in Brussels, Belgium."

- Source:

Monday, March 19, 2012

The Paper Shorts can Only Push Gold and Silver so Far

"The auction for the Greek credit default swaps concluded smoothly, suggesting the Greek default would not be disruptive. So the shorts had every chance today to deliver another crushing blow to the precious metals to continue the selling pressure from last week. But it didn't happen, Eric. The precious metals came back and put in a good day by holding above important support at $1650 for gold and $32 for silver.

So while the precious metals market may appear quiet on the surface, there are some meaningful crosscurrents going on underneath. Today's action is another good example that the paper shorts can only push the gold and silver market so far, even with news that should have helped them pressure prices...."

- James Turk via a recent King World news interview, read the full interview here:

Friday, March 16, 2012

James Turk Interviewed by King World News - The Bull Market is Not Over Yet!

James Turk was recently interviewed by Eric King of King World News. In this audio interview he discusses such topics as the recent smash in the Gold and Silver prices. He explains how the bull market is far from over and prices will go much much higher. 

Listen to the full audio interview here:

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2012/3/15_James_Turk.html 

Tuesday, March 13, 2012

Why Army of New Buyers Will be Entering Gold & Silver

“There was no technical damage on the gold chart either, Eric. What’s happening here is gold is testing support at $1,700, which is continuing inside the trading range that goes back to late January.

The key overhead resistance level for gold is $1,800 and I expect this level to be tested very soon, just like I expect silver to be testing its overhead resistance in the not too distant future.

On this move, you are going to have army of new people entering the gold and silver markets. The primary reason there will be new entrants to the market is right now the chart is telling me a major news event is likely to happen. That news event will propel gold and silver higher, outside of these consolidation patterns, into new record prices.

So the bottom line is there is absolutely no reason to change one’s outlook about the upside potential for both gold and silver. It’s the same story, currency debasement and the unwinding of the debt problem that is causing more and more investors to move into safe havens.

Gold and silver remain undervalued and more importantly, enable owners of the metals to avoid counterparty risk. So as attention moves from Greece to other countries, expect gold and silver to take center stage.”

- James Turk via a recent King World News interview, Read the full interview here:

Saturday, March 10, 2012

James Turk Interviews Doug Casey



"In this video, Doug Casey, founder and chairman of Casey Research Institute, talks to the GoldMoney Foundation's James Turk about the greater depression that is facing the developed world. In Casey's view, finding intriguing investment opportunities is difficult at the moment, owing to the dislocations affecting economies as a result of central banks' money printing efforts. He does however think that tangible assets such as precious metals, land and fine art remain the best options available at the moment.

In stark contrast, Casey is extremely downbeat on bonds and the US dollar. He thinks that given the incredible levels that bond prices have risen to as a result of panicked safe-haven buying by hedge funds, they represent an excellent shorting opportunity for speculators.

Turk and Casey also discuss the opportunities to be had in mining shares, though Doug also points out the significant risks that mining companies face -- relating to political pressure from politicians and environmentalists. He says that investors need to be aware of these risks, but remains bullish on junior gold and silver producers.

Casey and Turk also discuss whether or not technological advances will ever gold obsolete as a potential form of money and store of value. Casey points out that according to Aristotle's definition of good money, gold will always remain the best form of money. In his words: "gold is uniquely suitable for use as money"."


- Source GoldMoney:

James Turk Gold $8000 and Hyperinflation is a Sure Thing

A Perspective on Money from Howard and Warren Buffett

"In a recent article in Fortune, Warren Buffett reiterated his well-known view on money. Far less celebrated, however, is the discerning view of his father, Howard Buffett, expounded in a brilliant speech in 1948 while serving as a 4-term congressman from Omaha."

- Read the full article by James Turk here:

Jim Sinclair interviewed by James Turk




James Turk, Director of The GoldMoney Foundation, talks to Jim Sinclair, host ofhttp://www.jsmineset.com/, about his successful gold price predictions, US debt problems, how to ride the trend and the second phase of the gold bull. It's a gear change from arithmetic to exponential growth as public perceptions about the safety of the US dollar changes. The debt ceiling debate is a wake up call for people all over the world.


- www.goldmoney.com