James Turk on Goldseek Radio - Sep. 6, 2011

James Turk : ..there is so much nervousness about the fragility of the banking system pretty much globally , everybody knows that the Banks are over leveraged have a lot of bad debt and therefore they are worried about their deposits , in this kind of environment Gold is always going to do well ....we are in the second stage of the Gold bull market , this is the longest and most powerful stage and as gold prices continues to rise it attracts increasing attention and people who have nort been gold buyers before are attracted to the gold market as they are going to learn the advantages the gold has to offer

Ben Davies: Gold price soon to exceed $2,000 per ounce

Ben Davies (hindecapital.com) and James Turk, Director of the GoldMoney Foundation, talk about the Gold outlook in the light of the Fiat currency debasement by central banks worldwide . They see gold breaking the $2,000 barrier this year and moving exponentially. Ben Davies explains that he uses a power-function model to analyze the price of gold, based on Benford's law.


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James Turk : Gold starting to become the go to asset

James Turk : Gold is starting to become the go to asset , people are starting to recognize the advantages that gold has over fiat currencies and it sort of followed up from the debt deal which was received very badly around the world , and the FED announcement that they will keep interest rates low for another two years ....we have seen a lot of volatility in the market but the main thing is the trend in both gold and silver is still up , may be next week is going to be a big week for silver

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James Turk : Gold is still undervalued by all my historical measures

James Turk : "It is hard to predict short term targets , all you need to be focusing on is to continue accumulating in this bull market and focus on where the bull market is going , itis always going to go much further than you expect it probably going to last longer than you and I expect and go higher than I expect , but just continue to accumulate , Gold should be higher than $2000 by now but because of the government intervention and anti gold propaganda by the government Gold is still undervalued even though the price have been rising it is still undervalued by all of my historical measures it is not quite as undervalued as it was ten years ago but it is still very undervalued because what's happening over the last ten years is that even though the price of gold has gone up the dollar has been debased by inflation and all kind of crazy things that the central banks and banks are doing to mismanage the dollar , so focus on the long term , focus not so much the price of gold but whether it is a gold value or not and it is a good value under numerical basis based on all my historical measures it is also good value because of its usefulness as a tangible asset , it is a monetary asset that does not have counter-party risk so I think that's important too"




"I am more bullish on Silver than I am on Gold that's why I think the ratio is going to go down to 20 ounces of silver to an ounce of Gold in the long term from 40 ounces of silver to one ounce of Gold at present , Silver will outperform gold , the problem with silver though is there is more volatility to it than it is to Gold and as a a consequence volatility is not for everyone but if you are prepared to accept that volatility I think you have two third of your assets your monetary assets your precious metals assets two thirds in Gold and one third in Silver
"




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James Turk : Gold got all the momentum behind it now

James Turk : I think Gold got all the momentum behind it now , we have taking at the $1600 level and yet we have not even stopped there we sort of just moving right through it as if there was not any resistance at all , it is understandable why it is going up AL there are so many problems out there . monetary problems banking problems financial problems the sovereign debt crisis I could go on and on but you got the point , it is must better to own physical gold than it is to be involved in any national currencies at the moment
$1640 and $1650 within the next few days is a reasonable target there seem to be that much buying power behind it , so until anything changes worldwide in terms of improving the financial situation and that's not likely to happen any time soon you got to continue to hold gold and I think more and more people are starting to understand that which is why they are buying





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James Turk : The gold price and the Fiat Money

James Turk :  "...right now the dollar depends only on confidence and confidence is very fragile we are starting to see confidence erode internationally , you know the dollar has been in a major downturn for several years we are seeing precious metal prices going up we are seeing commodity prices going up food prices indexes are record high all of these things suggest to me that there is too much money being created by the federal reserve and indeed all central banks around the world and people are taking that money and putting it in things of usefulness , real commodities that have tangible value , useful value , so I think we are very close I think we are going to see some major upheaval within the next year " 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 pretense of seeking monetary stability.




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James Turk we are heading towards a summer of all records for Gold and silver prices

James Turk of goldmoney.com on the Kerry Lutz - July 18, 2011 : " we are at $1600for gold and silver is back in the $40 , I made a contrary call because normally gold and silver are pretty quite during the summer months , because it is a seasonal pattern that tends to repeat , but it does not always work that way " says James Turk " I keep going back to 1982 when gold prices rose 50 percent in three months during the Mexican debt default and my point has been is this summer is going to be a repeat of 1982 it is not Mexico that is going to default this time it is going to be somebody else whether it is Greece United Kingdom Belgium Italy Spain United States Japan or anyone of a dozen other countries who knows , but it looks like it is gonna be a good couple of months for the metals as people worry about the default and move into the security of gold and silver ".....




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James Turk : QE3 is inevitable

James Turk of Goldmoney on Goldseek Radio July 12, 2011 : " to me it seems inevitable , the US government is spending more money than the market is willing to lend to it , that means that you will have to the central bank and the central bank turns that borrowing into currency which the government spends or the government has to cut back and there is no indication whatsoever that the US government is going to cut back at any of its spending aspirations I mean it can't even agree to cutting the spending in the future when in fact what it should be doing is cutting spending right here and now , so it seems to me that QE3 is inevitable and ultimately that's going to destroy the dollar to more inflation if not hyperinflation "..." this is the summer that could surprise people , to me it is setting up like the summer of 1982 when gold soared during the Mexican debt default , Mexico is not the center of attention now obviously it's Europe Greece Spain Italy anyone amongst a dozen of countries around the world who have too much debt and are over leveraged , but people think the summer is going to be a quite time , going to the beach , seasonally gold often slows during the summer , I think this is going to be a summer again like 1982 really surprises people , so I am very bullish here and the fact that this correction that we had over the last couple of months driven a record amount of people out of the market suggest to me how strong the metals have been during this correction ..."



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James Turk interviews Philipp Vorndran

Philipp Vorndran of Flossbach & von Storch and James Turk, of the GoldMoney Foundation, about Gold Silver the debt situation in Europe Greece Germany Belgium Italy the UK the Gold standard the future of capitalism and much more : "for every one hundred dollars the US government is now spending 40 percent comes from debt only 60 comes from revenue , historically whenever you are at that 40% level you are very very close to hyperinflation , it shows that the market is not willing to lend to the government and if the government does not cut its spending , the central banks steps in and turns that government debts into currency which is exactly what happened here (in Germany ) in the 1920s with the Reichsmark " says James Turk



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Max Keiser & James Turk : Fiat money inflation in France

This two parts video is absolutely superb. Max Keiser the wall street anarchist is always a delight and James Turk is a charming and eminently credible legendary precious metals expert. Production quality is first rate (with perfectly apt Berlioz background music to boot). The GoldMoney Foundation has dropped an embarrassment of riches in our lap, we would be unwise to ignore these exceptional educational tools.





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James Turk : We could see gold in backwardation

James Turk : "We could see gold in backwardation too as people become more and more worried about the inflationary consequences of the money printing that's going on around the world. Silver always leads - in bull markets it leads on the upside and in bear markets it leads on the downside. Maybe as precious metals move into backwardation, silver is again giving us an important message that it is leading and gold will eventually follow." - in mineweb.com


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Edwin Vieira, Gold lifeboat before the dollar sinks

James Turk Director of the GoldMoney Foundation interviews Edwin Vieira about his book "Pieces of Eight , Gold , the constitutional solution for today's monetary problems , The alternative currency movement in the states , The Gold as an Insurance against a currency collapse , How Gold money can be implemented at the state level , Gold as a lifeboat before the dollar sinks ,




People like Peter Schiff suggest having 2/3rds of our precious metal investment in gold, and the other third in silver. The Permanent Portfolio by Harry Browne originally suggested 100% in gold, but his successor who runs the fund, invests it 1/5th silver and 4/5ths gold. So those are two barometers I follow in trying to balance gold and silver investing. I would also say, for the common man, better to have silver if he can't afford an ounce of gold, than nothing.Silver has been the common man's money for 5,000 years. The Biblical word for money is "silver".

When gold stands above $10,000 an ounce, Warren Buffet could afford gold but it will be outside the reach of the common man. Without silver citizens would be forced to hold fiat currency.

This is perhaps the primary reason the central banks sough to end the bi-metal standard in 1873. Good for the rich and the central banks,but economic slavery for every else.





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James Turk : The waterfall decline of the US Dollar

James Turk explains the waterfall decline of the US dollar , Gold and Silver are the safe heaven against the waterfall decline of the US Dollar not the Euro , This video was recorded on 29 April 2011 in Munich, Germany : The waterfall decline will start with the US Dollar and you will see the dollar continuing to decline against the Euro but this is an emotional major reaction , people will exit the dollar and they will say to themselves where can I go , well I go to the Euro because it is a big broad deep market and it is easy to buy so initially you gonna see the Euro benefiting and that's what has been happening , you know the Euro broke above 1.42 against the Dollar and we are now I think 1.48 and a half , but the European central bank is going to probably step in and keep the Euro under 1.55 and people will then understand that the emotional major reaction of selling the dollar and buying the Euro was not the right way to solve the problem not the right way to find a safe heaven for their money and they will start selling the Euro and buying gold ,

James Turk : as long as silver is in backwardation , Silver is cheap

Bill Murphy calls for silver at $400 : ...well if you are looking to what James has said if you are looking for 400 dollars ( silver ) the answer is yes , and as I mentioned earlier and I talked about a lot this year I think we are into an unprecedented situation there is no telling of what gonna happen over night , even today , having done this all day everyday for twelve and half years now it is just stunning but what I have heard the price did because they know that this is following Ben Bernanke's press conference and what the FED had to say , this is a massive obvious repudiation of that , this is the last thing that these people want so , and the more the gold price goes up the more the average person says I want to buy but I cannot afford gold so I want silver and the short position is getting strangled and it is getting worse ....James Turk : ...as long as Gold Silver ratio is higher than twenty Silver is cheap , and as long as silver is in backwardation , Silver is cheap , or something else can happen which is something that we all have to consider the paper market is going to lose its importance as price discovery mechanism it goes back to my comment at Mises about government and politicians destroying the market but they do not understand how they work , the paper market is being destroyed that's what backwardation is telling us , it's no more reliable you have to look what's happening in the physical market , and the physical market is unbelievably tight , because there is just a little amount of physical silver and a huge amount of paper out there.......

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The 10.000$ gold scenario with James Turk and Bill Murphy

Bill Murphy (http://gata.org/) : I do not want to live in a world where there is no free market , where the Chinese have more free market economy than we do in reality no free press ...that's what it is leading to this mess ....all I know is when this happens I rather have a lot of gold and silver in my pockets so that myself and family and friends can cope with what's going on while everyone else is panicking .....

Gold mining Stocks are very undervalued - James Turk

James Turk : we trade gold mining stocks in term of dollars or Euros but they are producing gold they are producing wealth and what will happen is the same thing that happened with stocks that produce commodities in countries that have hyperinflation , the prices of those shares will rise , because what would you rather do have your Reichs Marks setting in a bank earning a little bit of interest or would you rather own a mining company denominated in Reich's Marks , the same thing is true in Zimbabwe their mining companies prices of shares rose because you better off owning an equity in a company that creates wealth so if we do get this hyper inflationary system as I expect I think the price of the mining shares will soar ...one thing the market does is it always tests our patience and we are seeing that now with the mining shares but you have to put this in the perspective the last bull market in a mining share ended in 1998 with the collapse of Reax ? we went into a ten year bear market when after the Lehman collapse even top quality mining companies the big majors were going for pennies in the dollar that was the end of the bear market we've come up since then we have been trading basically at new highs on the major companies the juniors always follow at a later date ....


James Turk and Bill Murphy of GATA http://gata.org explain how gold mining stocks are very undervalued and can rise spectacularly as the precious metals bull market continues. This video was recorded on 29 April 2011 in Munich, Germany.

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James Turk : Gold is a sterile asset

James Turk :...the Euro is not the Deutschmark the ECB is not the DeutschBank once you recognize that and understand that you'll understand the reasons why you need to own gold and silver to help protect your wealth and assets against the tough times that we got coming . James Turk Compares Gold's annual rate of exchange against 9 major currencies : The US Dollar the Canadian Dollar the Australian Dollar the Chinese Yuan The Euro , The Indian Rupee The Japanese Yen The Swiss Frank and the British Pound ....Gold is without a doubt one of this decade's best performing asset classes ...very few years in this table when gold actually lost value against any of these currencies , we had double digits rates of appreciations against all of the world's currencies ...this is a very simple way of preserving your purchasing power just hold GOLD...this rates of appreciations are going to continue...Gold is not volatile , the volatility comes from the currencies...gold is not investment Gold is Money , Gold is not an investment it is a sterile asset cause it has no cash flow attached to it that's why it is money , now there are two things you can do with money either spend it or save it , presently because gold is so depressed you should save it until 2013 - 2015 when James Turk prognosticates a gold price of $8000 an ounce then you can start spending your gold and buy undervalued assets and we will be riding the next boom bust cycle ...Gold does not increase your wealth it preserves your wealth , Gold does what money is supposed to do it is supposed to preserve purchasing power over time , The US is heading towards an Argentine type of hyperinflation



One could argue that with the paper manipulation in the gold and silver markets, holding physical gold and silver will BOTH preserve wealth AND create wealth.


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James Turk : gold is money not an investment

James Turk :...the Euro is not the Deutschmark the ECB is not the DeutschBank once you recognize that and understand that you'll understand the reasons why you need to own gold and silver to help protect your wealth and assets against the tough times that we got coming . James Turk Compares Gold's annual rate of exchange against 9 major currencies : The US Dollar the Canadian Dollar the Australian Dollar the Chinese Yuan The Euro , The Indian Rupee The Japanese Yen The Swiss Frank and the British Pound ....Gold is without a doubt one of this decade's best performing asset classes ...very few years in this table when gold actually lost value against any of these currencies , we had double digits rates of appreciations against all of the world's currencies ...this is a very simple way of preserving your purchasing power just hold GOLD...this rates of appreciations are going to continue...Gold is not volatile , the volatility comes from the currencies...gold is not investment Gold is Money , Gold is not an investment it is a sterile asset cause it has no cash flow attached to it that's why it is money , now there are two things you can do with money either spend it or save it , presently because gold is so depressed you should save it until 2013 - 2015 when James Turk prognosticates a gold price of $8000 an ounce then you can start spending your gold and buy undervalued assets and we will be riding the next boom bust cycle ...Gold does not increase your wealth it preserves your wealth , Gold does what money is supposed to do it is supposed to preserve purchasing power over time , The US is heading towards an Argentine type of hyperinflation

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 pretense 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. The presentation entitled " Gold the dollar and the Euro" was held on the 29th of April 2011 in Munich, Germany.
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Victor Sperandeo and James Turk on Silver Market Volatility

James Turk, Director of the GoldMoney Foundation interviews Victor Sperandeo President and CEO of Alpha Financial technologies and a Wall Street trader and financial commentator about what's going on with the Silver Market lately . Victor Sperandeo : the volatility of Silver using the standard deviation of the last ten years it's 32 percent it's more than double the S&P it's far more than the NASDAQ , it is the most volatile object on the face of the earth , the trading algorithms that make money on silver are the long term because they are fundamentally driven , Gold and Silver are long term fundamentally driven objects

John Embry & James Turk - U.S. Dollar on Death Row

John Embry Chief Investment Strategist at Sprott Asset Management believes that the days of the dollar are numbered : I do I look at things mathematically he says , when I look at the budget deficit for example you reach the stage now where expenditures are twice as much as revenues , they are taking in less than 50 percent of what they're spending anytime you seen that in history that mean you by pass the point of no return so I find these debates of how much spending and cuts they gonna have or tax rise or sort of deals budget deficit problems kinda factious because I think they have reach the state in which they can do nothing but monetize to debt because they can't crack it - U.S. Dollar on Death Row





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