Thursday Conversation - James Turk


It has been a long time since we've caught up with Mr. Turk....way too long, as a matter of fact. But we correct that issue today with this podcast that contains all sorts of valuable information.

James is currently stuck in London but this has given his first-hand perspective on the current troubles of the LBMA, the CME and their global gold market. Among the items discussed in this podcast:

  • Issues facing The Banks as the year began
  • What took place as spreads blew out on March 24
  • Ongoing signs of physical stress in London
  • The significance of bullion banks quitting the LBMA
  • Why/how the GLD utilizes Bank of England gold for its "inventory"
  • And much, much more.

Many thanks to James for his time today and we promise to have him back on again soon. In the meantime, please be sure to follow James on Twitter @FGMR and you should always try to keep GoldMoney in mind whenever you are in the market for bullion:



May 14, 2020 - 10:42pm


Rule #1 of dollar cost averaging is, smoke 'em if you got 'em. IE: if you have the fiat, buy your metal of choice, no delay... Don't look at price, F that... #DryPowder is for market timers. Be right and sit tight... I NEEEE wring my pudgy little paws over price when I have fiat burning a hole in my pocket, I fill my shopping cart and head right for the checkout lane. Sometimes you are wrong, sometimes you are right, but in the long term, you don't have to worry about price at all. Silver at 16.61 is almost as dirt cheap as silver at 15.61. When it is at 48.61, you won't GAFF whether or not you bought it at 15.61 or 25.61....

May 14, 2020 - 10:32pm

I hate this feeling...

Last year, I delayed ONE day in the hope of getting a better entry point in a mining stock investment instead of just getting in.

That nitpicking cost me a potential $30,000 profit in 3 days.

Never again.

Now at these prices, I have an investment mentality and I just get in. In the larger picture, will getting in at roughly the current price or a bit higher REALLY matter?

May 14, 2020 - 10:09pm

I hate this feeling...

Was going to buy some too...That's how I caught it going up...Now do I just buy while it is going up or wait for a dip?

Lots of thin zone...Went down awfully fast so how much resistance is there? Will it go up just as quick as it came down?


I am thinking $16.61 first line of resistance?

That is where it hit the blue bottom rail before the bump up just before it fell out of the sky....$16.61!

If we were talking 75 cent premium for rounds I would just pull the trigger but with premiums high...just sitting here mulling over my options.

May 14, 2020 - 10:03pm

$16.35 CDS

Thatsa nicea!

May 14, 2020 - 9:56pm

Silver taking off after hours!

Up, up and away around that apex at about $18.00 around July?

4 oz
May 14, 2020 - 9:54pm
May 14, 2020 - 9:53pm

A Day Of Reckoning Coming? Ben Hunt & Keith McCullough

A Day Of Reckoning Coming? → A Real Conversation with Ben Hunt & Keith McCullough
May 14, 2020 - 8:40pm

Sidney Powell is an American hero.

If you have not read her book, "Licensed to Lie", you ought to do so.

Obama should read it too, evidently.

May 14, 2020 - 8:39pm


It does seem that their Maginot Line keeps moving backwards, doesn't it?

Let's hope it totally collapses VERY soon!

May 14, 2020 - 8:17pm

Jim Willie May 13 X22 Report

We Are Now In The Process Of Dismantling The Rothschild Banking System, Target Locked:Jim Willie

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(as if these actually matter)
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