A Conversation with James Turk


One of the regular features that Vaulters enjoy are the weekly Access2Access webinars. Every Thursday, subscribers get to interact with influential members of the "gold community". This week's guest was James Turk and the information he provided was so terrific and timely that I thought it should be shared with everyone.

In this 50-minute presentation, James discusses a wide variety of topics ranging from the current Crimean Crisis to his preferred allocation within the precious metals sector. Please make the time to listen to the entire recording and, when you're done:

  1. Order James' new book. In fact, order two...one for yourself and one for someone else.
  2. Check out GoldMoney's services. You can do so by clicking this link: https://www.goldmoney.com/?gmrefcode=tfmetals




Mar 16, 2014 - 2:17am

Is It Possible?

A firstest for Occasnltrvlr?

I daresay, not only possible, but accomplished!

"Peanut butter jelly time..."

4 oz
Mar 16, 2014 - 2:20am

James Turk is one of those

James Turk is one of those guys I could listen to all day.

Mar 16, 2014 - 2:35am

The Money Bubble

After hearing the interview, I downloaded a copy of the book and have almost finished. It insightfully puts forth the information we Turdites already know in a logical and interesting manner - a great resource when attempting to explain concepts we understand but have trouble explaining to cousin Charlie. The charts and graphs clearly back up the concepts without being over technical for the cuz. Would recommend The Money Bubble as a resource for Turdites.

Mar 16, 2014 - 4:55am

Fourth it is!

Fourth it is!

El Gordo
Mar 16, 2014 - 5:21am

I'm sold on the overseas storage idea

Now, should I cut this 1/2 oz AGE in fourths or just in half to ship it out and diversify my holdings.

Mar 16, 2014 - 7:45am

Overseas sounds good....

... but how am I really going to get past the Thieving Shit @ the Airport goons?

sierra skier
Mar 16, 2014 - 8:39am

Back in the top ten

Now for a listen.

Mar 16, 2014 - 9:16am


Thanks turd for another great interview on Main St. By "mistake" i started "stacking" mercury dimes in 2010. Why merc dimes? i guess this was left over from my youth, looking for the elusive 1916-D. I was a bit too young for the switch from silver to clad coinage and felt i had to catch up. Anyway I bought collectable merc dimes in 2010 and 2011. As I learned more about the financial problems and what I would need to be prepared for the future, I switched to bullion and 90%. Just recently i looked at the bid/ask for the dimes and it seems that overall they held their value. versus my silver stack that is probably $8+/- underwater. No complaint here just an observation. I consider the numismatics as long term and 90% and bullion as near term. Do research don't be a sucker but more importantly STACK.

Lamenting Laverne
Mar 16, 2014 - 9:20am

@ Alian et al

Answer: You don't. If you have metal in the quantities that would make a physical move viable, you would probably ship it with a professional secure courier.

For the rest of us, GM is an alternative to a savings bank account. You wire cash, and they convert the cash into metal and store it.

If you are reluctant to liquidate some metal to send cash because of risk of physical not being available, when the cash arrives, the question is whether that risk is higher now or lower now than in the future. "Better not postpone until tomorrow, what can be done today" is a basic adage in my family. I think that holds true in this case too.

If you are reluctant to liquidate some metal because of capital gains tax, the question is again - do you think that the capital gains taxes are likely to rise or fall in the future with these maniacs at the helm of global governance.

If you think that you can use a vehicle as GM to avoid taxation in the US on future capital gains - think again. GM registers detailed information about you, which they say they will only release, if ordered so by a court order. Knowing the attitude of the US government towards privacy, I suspect that they will not even try to obtain a court order. They will simply hack the systems and take all this detailed information without asking or leaving any trace - if they have not done so already.

The only chance we have to stay afloat is to navigate within the rules as effectively as possible, while working to have those rules changed for the better.

For US citizens that unfortunately means to get rid of their citizenship, if they want to avoid US taxation. There will be absolutely zero financial privacy in the future, so the only way to proceed without jail time is to arrange yourself according to the most agreeable laws and jurisdictions out there, and if you can afford the fees, to use the same kind of structures as the big dogs, because they will be reluctant to change the rules too onerously with regards to vehicles that they themselves use.

And for anyone browsing the globe for a new jurisdiction to call home - please.... PLEASE.... do your homework real thoroughly and make sure you check the basic laws of the country and you check what legislation is under construction in the government. Pay to have basic laws and relevant news articles translated if necessary. Examine recently passed legislation and evaluate, if that indicates "squid-presence" behind the curtain.

I just had my dream of a life in a free and sensible jurisdiction crushed, because the country suddenly decided to roll over to pressure from supranational governators after many-many-many years of stability in paradigm. I spent a small fortune (for me anyway) coming here based on a set of conditions that the government was already in the process of changing behind closed doors, when I arrived. But that was a tiny detail that they did not see fit to inform new prospective arrivals about, so we could decide, if the move would still be worth it.

Of course - in hindsight - I could have seen this. The evidence was there, if I had not trusted the immediate sources of information, and had dug a bit deeper. But I was in a hurry, because I thought the second crash would come sooner. As they say - Shit happens.

Turd - Thanks for the interview. It was excellent. James Turk's earlier book "The collapse of the dollar" was one of the first I read during my wake-up process, and that book is certainly worth a read as well.

luv2stakLamenting Laverne
Mar 16, 2014 - 10:05am

Lamenting Laverne -- Sorry about your Plight...

Hope you can make it work -- you are ahead of 95% of us, I'd guess... so maybe not as bad as it could be, or staying in USA.

An you share which country you are referring to?

A few pop to mind: Switzerland; Argentina; Dominican Republic; Venezuela; Caymans (longer ago); Costa Rica...

Any clues for us? Even three choices?


Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

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Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/1 10:00 ET Construction Spending
10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
10/3 9:45 ET Markit Service PMI
10/3 10:00 ET ISM Service PMI
10/3 10:00 ET Factory Orders
10/4 8:30 ET BLSBS
10/4 8:30 ET US Trade Deficit

Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
9/24 10:00 ET Consumer Confidence
9/26 8:30 ET Q2 GDP third guess
9/27 8:30 ET Durable Goods
9/27 8:30 ET Pers Inc and Cons Spend
9/27 8:30 ET Core Inflation

Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
9/11 10:00 ET Wholesale Inv.
9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

Key Economic Events Week of 9/3

9/3 9:45 ET Markit Manu PMI
9/3 10:00 ET ISM Manu PMI
9/3 10:00 ET Construction Spending
9/4 8:30 ET Foreign Trade Deficit
9/5 9:45 ET Markit Svc PMI
9/5 10:00 ET ISM Svc PMI
9/5 10:00 ET Factory Orders
9/6 8:30 ET BLSBS

Key Economic Events Week of 8/26

8/26 8:30 ET Durable Goods
8/27 9:00 ET Case-Shiller Home Price Idx
8/27 10:00 ET Consumer Confidence
8/29 8:30 ET Q2 GDP 2nd guess
8/29 8:30 ET Advance Trade in Goods
8/30 8:30 ET Pers. Inc. and Cons. Spend.
8/30 8:30 ET Core Inflation
8/30 9:45 ET Chicago PMI

Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
8/21 2:00 ET July FOMC minutes
8/22 9:45 ET Markit Manu and Svc PMIs
8/22 Jackson Holedown begins
8/23 10:00 ET Chief Goon Powell speaks

Key Economic Events Week of 8/12

8/13 8:30 ET Consumer Price Index
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Labor Costs
8/14 8:30 ET Philly Fed
8/14 9:15 ET Ind Prod and Cap Ute
8/14 10:00 ET Business Inventories
8/15 8:30 ET Housing Starts & Bldg Permits

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