A2A with James Turk

112

Our recent run of extraordinary webinars continued today with this invaluable appearance by James Turk, founder of GoldMoney. If you can make the time, you will please be sure to give this recording a thorough listen. You won't be disappointed.

The call begins with a discussion of the recent merger between GoldMoney and BitGold. As you might imagine, ole Turd is very excited about the opportunity presented by this platform and I was eager to open my own account. I strongly urge you to check out GoldMoney/BitGold yourself and (full disclosure), if you enter and join through the link below, yours truly earns 1/4 gram of gold for himself. So, please, by all means...

https://BitGold.com/r/TlY5pO

The call then proceeds to cover a plethora of topics over the next 55 minutes, including:

  • How to measure tightness in the global physical metal market?
  • Can/will bankers and hedge funds naked short the mining industry into oblivion?
  • How might China respond if they're not included in the IMF's SDR later this year?
  • Is it justified to own more silver than gold, given the current gold:silver?
  • Why don't mining executives do more to fight the manipulation of the paper markets?

And much, much more.

Again, please take the time to listen to this entire presentation. Break it up into smaller segments if you need to but try to listen to the whole thing. Great stuff from an industry legend and recognized expert on the global gold market.

TF

  112 Comments

Rakka
Aug 6, 2015 - 3:51pm
Underdawg
Aug 6, 2015 - 3:52pm

First?

First, I can't believe I made it. Next on my bucket list is for PM to start going parabolic.

wildstylechef
Aug 6, 2015 - 3:55pm

fourth

will do

CPE
Aug 6, 2015 - 3:58pm

Do it for James

https://BitGold.com/r/TlY5pO <--- feed the Turd!!!!!!!

Now that our fearless leader has an account I will stop pimping my own :D

Dr. P. Metals
Aug 6, 2015 - 4:06pm

BTw, I know it's so out of date now

But whatever happened to that "Greece" thing? And it blowing everything up? I mean, is it still even a country anymore?

CPE
Aug 6, 2015 - 4:11pm

@Dr. P.

Check out this fantastic tool: https://www.google.com/

Auggie
Aug 6, 2015 - 4:58pm

Really a good one

Follow his recommendations on portfolio allocation percentages. They are right and reasonable.

Blythesshrink
Aug 6, 2015 - 5:13pm

Greece has another big

Greece has another big payment to make on Aug 20th; currently the 'bailout' is still to be agreed, so the world's worst soap opera is about to air another episode.

AIJ
Aug 6, 2015 - 5:38pm

What about Puerto Rico ?

Heck, what about the good ol USS of A?

Nick Elway
Aug 6, 2015 - 5:43pm

Gold versus silver in Earth's crust

Turk's 10X as much silver as gold in the crust? 16X is commonly accepted. Wikipedia has closer to 60X!

Quote:
I had gone along with the commonly accepted "The earth's crust has 16 ounces of silver for every ounce of gold" so I was surprised to see Sebag's "Silver is 60X more abundant than gold" (page 11 of the pdf) I went to wikipedia to disprove him:

https://en.wikipedia.org/wiki/Abundance_of_elements_in_Earth%27s_crust

Sebag was right! (The wikipedia article has good references, looks good to me)

The article had the familiar annual 2700 tonnes of gold production and 24000 tonnes of silver production.

Maybe Turk's 10X is the silver versus gold MINED each year?

from January 2014:

https://www.tfmetalsreport.com/comment/611654#comment-611654

Chiron
Aug 6, 2015 - 5:52pm

Bobby Jindal

just took the first shot on Woody's speech yesterday. He highlighted Obama admitting that our foreign policy is now being affected by the USD reserve currency standing. I am not a fan of Jindal, but to hear those words spoken is a frameshift moment.

Kind of makes you wonder why Obama would admit to a weak hand in a public address.

Was this admission by Obama a signal? If so, to whom? We will have to see.

Dr. P. Metals
Aug 6, 2015 - 6:08pm

@CPE

You aré so stunningly helpful at times its simply stunning to watch.

lund175
Aug 6, 2015 - 6:09pm

Great Job Turd & Mr. Turk

Excellent and one of the better talks I have heard in a while. 

AIJ
Aug 6, 2015 - 6:10pm

Obama admitting the weak hand?

Why? Because they see their " Kamakazi"metals strategy since 2013 is failing & TPTB need cover. 

"Gee, I wonder why sacrificing a limited supply of men and planes didn't work?"

STACK!!!

can-stock-photo_csp28210330.jpg

gonewest
Aug 6, 2015 - 6:45pm

@cpe. lol

No fat lady sing yet. Lots of dominoes yet to fall

stealthbear
Aug 6, 2015 - 7:15pm

FBAR Fincen on bit gold?

I haven't listened to the podcast yet, but am wondering if you have to file an FBAR form for the IRS for bit gold. I ask because I have a Goldmoney account and have to do this every year (and remember it is due every year by June 30th). It is a pain in the @ss. The limit at which you have to file is $10,000.00. The penalties for late or not filed forms are draconian!!

chocolatechiphorses
Aug 6, 2015 - 8:32pm
jonesmw
Aug 6, 2015 - 8:36pm

FBAR

Apparently, per Sovereign Man, the FBAR is now due Apr 15, the same day as the regular tax return. It was buried deep within some other legislation that none of us would have ever discovered (ie, no announcement). A good way to increase revenues, considering the massive unreasonableness of the fines and penalties for late, or no filing. I can confirm that it is a pain to complete and has now moved to an entirely on-line format.

lakedweller2
Aug 6, 2015 - 8:50pm
lakedweller2
Aug 6, 2015 - 8:54pm

Truth

Not going to happen

tyberious
Aug 6, 2015 - 8:56pm
jaba
Aug 6, 2015 - 8:57pm

@stealthbear Re FBAR

For your info, I recently read that the deadline date for submitting the annual FBAR has now been changed to 15th April to be in line with the US tax year. The link to the article is :-

https://www.sovereignman.com/offshore-banking-2/important-update-to-fbar...

tyberious
Aug 6, 2015 - 9:01pm

Russian Paratroopers Ready To

Russian Paratroopers Ready To Increase Massive Sweep Against U.S. Israeli ISIS In Syria!

https://politicalvelcraft.org/2015/08/06/russian-paratroopers-ready-to-i...

gonewest
Aug 6, 2015 - 10:09pm

2nd time post

Can you see Americans standing patiently in line at a atm to get money every day like the Greeks. It will look more like Ferguson than Greece.

BY

gonewest
Aug 6, 2015 - 10:09pm

2nd time post

Can you see Americans standing patiently in line at a atm to get money every day like the Greeks. It will look more like Ferguson than Greece.

BY

gonewest
Aug 6, 2015 - 10:09pm

2nd time post

Can you see Americans standing patiently in line at a atm to get money every day like the Greeks. It will look more like Ferguson than Greece.

BY

gonewest
Aug 6, 2015 - 10:09pm

2nd time post

Can you see Americans standing patiently in line at a atm to get money every day like the Greeks. It will look more like Ferguson than Greece.

BY

gonewest
Aug 6, 2015 - 10:19pm

2nd time post

Kindle`s suck sometimes

tyberious
Aug 6, 2015 - 10:21pm

2nd time post

Four times in row!

gonewest tyberious
Aug 6, 2015 - 10:30pm

sorry

I will not watch the "debate" as punishment.

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