Tag Archives: James Turk

  • Podcast

    James Turk: We’re Living Within A Money Bubble of Epic Proportion

    On par with the South Sea & Dutch Tulip bubbles
    by Adam Taggart

    Saturday, January 25, 2014, 9:46 PM


    James Turk believes the time we live in now will be studied by future historians for generations to come. Just as we today marvel at the collective madness that resulted in the South Sea and Dutch tulip manias, our age will be known as the era when society lost sight of what money really is.

    And as result, the wrong kinds of wealth — today, that's mostly financial assets — are valued and pursued. And just like those bubbles from centuries ago, when the current asset boom goes bust, the value of paper wealth will vaporize. 

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  • Podcast

    James Turk: Central Banks are Losing the War to Suppress Gold & Silver Prices

    And gold could go to $10,000/oz
    by Adam Taggart

    Saturday, January 26, 2013, 6:08 PM


    My guess is that 2013 and 2014 are going to be big up year for the precious metals, but we still have to contend with the central planners and the various government policies, which have been actively trying to keep the gold and silver prices from reaching fair value. The central planners are losing the war. They may win an occasional battle or two, but they’re losing the war, and eventually gold and silver are going to go higher.

    So predicts James Turk, founder and Chairman of GoldMoney.com.

    From James’ perspective, gold is not an investment. It’s a sterile asset, meaning it does not generate income. What it is, is money. Its function is to store wealth.

    But money, like investments, can be overvalued or undervalued. And what we’re witnessing on the world stage is a gross mispricing of money as central banks engage in depreciation of their fiat currencies via inflation (i.e., money printing).

    The process causes a transfer of wealth from those holding overvalued money to those who hold undervalued money. That’s what’s been going on for the past decade as the price of gold has steadily marched upwards versus fiat currencies.

    But this process is not efficient. Mass awareness of this wealth transfer is low, so confidence in paper currencies is still high, supporting their perceived value. Market intervention by central banks and other parties conspires to keep the prices of precious metals artificially low and suspect.

    This maintains an arbitrage for individuals to buy gold and silver at a discount to true value, which James believes will be slowly realized in full over the next several years as the bull market in precious metals approaches its third and final phase.

    A factor in this rise will be the increasing fragmentation of coordination among the central banks. Increasingly, central banks outside the influence of the U.S. Federal Reserve are treating the precious metals as true money, and becoming net buyers of bullion for their reserves.

    Ultimately, Turk predicts the price of gold will move to somewhere between $8,000-10,000/oz and that we'll see even higher price appreciation in silver.

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  • Blog

    James Turk: Gold Is Our Defense Against the Fiat Currency Graveyard

    by Adam Taggart

    Tuesday, July 12, 2011, 2:44 PM


    “The rule of law has basically been thrown out the window. Money printing is the order of the day. And when politicians take control of central banks, which they have done in the United States and they are also doing in Europe, that basically destroys the currency. It puts the currency on the road to what I call the Fiat Currency Graveyard, so I expect there are going to be massive currency problems as we go forward. The financial crisis that we have been dealing with for the last several years has not been solved.”

    So cautions James Turk, widely-respected precious metals expert and founder/chairman of GoldMoney. In this detailed interview (recorded in June), Chris and James explore the probable outcome of the current US debt-ceiling operatics, the likelihood of future Fed money printing, and strategies for preserving wealth. In short, James believes we are witnessing the decline of the world’s major fiat currencies, and expects gold to be remonetized in the aftermath.

    James explains why he expects:

    • The US Government to raise the debt ceiling in August, which will require the Federal Reserve to print more money in order to soak up the new debt, sending gold and silver prices much higher this summer.
    • Holders of fiat currencies to experience increasing losses in the purchasing power of their wealth; contrary to those who hold precious metals, who will see the reverse.
    • This pattern of currency devaluation to be similar to the many other examples seen throughout monetary history. In short, the “unthinkable” event of a dollar collapse is a much more probable event than most consider.
    • Precious metals to be an excellent vehicle for preserving purchasing power through this next transition, and whatever future currency emerges, their historic role as money to be restored.
    • The end of the bull market in precious metals is years away. We’ll know its ending when holders of PMs begin trading them for other assets (e.g. property, securities) that have become overly undervalued.

    Click the play button below to listen to Chris’ interview with James Turk (runtime 49m:11s):

    [swf file=”http://media.chrismartenson.com/audio/james-turk-2011-07-12.mp3″]

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  • Blog

    Daily Digest 2/24 – Income Inequality In The U.S., Oil Tremors From Middle East Unrest, The Natural Debt Crisis

    by DailyDigest

    Thursday, February 24, 2011, 3:07 PM

    • It’s The Inequality, Stupid
    • A Visual Reminder Of U.S. Social Stratification
    • Interview between GATA’s Chris Powell and James Turk
    • There Is No More Silver Left
    • Why Saudi Arabia can no longer temper oil prices
    • Prepare for a shock from the Middle East
    • All eyes on Bahrain as Gulf tremors frighten oil markets
    • The Natural Debt Crisis: Learning to Live Within Our Planet’s Means
    • 50 Million Environmental Refugees By 2020, Experts Predict

    Crash Course DVDOwn the Crash Course Special Edition Set with Presenter’s Pack (NTSC or PAL)

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