A2A with James Turk


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...


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.



Aug 9, 2015 - 11:02am


Mr Turk said China is not going to bring down the US Reserve currency system and he also said China is looking towards the long term survival of its people. Aren't those two goals contractory given that the US reserve currency system is not exactly favorable to the long term survival of the Chinese people? Look at the recent SDR exclusion of China caused by the US. Is that favorable to the long term survival of the Chinese people? Obviously not. Hence there is an inevitable conflict between the long term survival of the Chinese people and the US efforts to maintain the global reserve currency status of the US dollar in the face of the obvious destructive influence that is having on the rest of the world. My point is that China has been capitalizing on the efforts of the West to maintain its dollar hegemony by buying cheap gold, selling its products abroad etc. But it seems that the Chinese are not able to do that any longer for two major reasons..first the world economies are coming apart because of the failing dollar and so China cannot use the western markets any longer to build up its own economy and second because the Americans are now threatening China itself and this SDR attack and the American military buildup around China and Americas attacks on China ally Russia is a third. Hence, it would appear that China has to strike back now whether they want to or not. Since the Chinese are a very intelligent people, I am certain they are aware of this. To me and to many others the key way they can do this is by devaluating the yuan against gold ie resetting the gold price.

Aug 9, 2015 - 5:47am
Aug 7, 2015 - 2:51pm


I posted on this subject before. There is only one way to avoid the reporting for sure: a direct ownership, no middleman of any kind, or a financial institution, can't be involved. It means, if there is an account and reporting, or holding of your cash, gold and silver on your behalf, and it is specified as cash, financial instruments, gold, silver, it triggers the reporting, provided that the total sum is higher than $10K, from all accounts. There is one exception: safety boxes in banks or in private institutions (hotels, storage facilities, and such), because -- the content is not disclosed. However, banks have their own regulations and limited responsibility, as for the content of safety boxes. If a bank is closed, the safety box content is "at risk," of course.

That's a reason why there were built some interesting real estate projects in the EU. I know about two such facilities in Bohemia, financed by German, Czech and some other investors. They bought a land and built a village with a private road, connecting this village to a public highway. In that village are apartments, condos, parking lots, the live 24/7 security personnel, and a management office. You can buy or rent an apartment, or not. However, under these structures are sophisticated private vaults, to store -- whatever: fine arts, china, gold, silvers, diamonds... and if there would be some "troubles" on the city streets, of course, it is better to own one of these condos and live there. It is on the freeway Prague - Munich, Bavaria (Germany). This particular village was built 3 years ago already, and there are more than on in the Central Europe.

If you would read FATCA and FBAR, that's one thing. Read the Q & A. There are all the answers. When I was reading it, I was mainly looking for a hole in the wall. ;-) My thinking (always) is that, if they write something like this, it is for the 95+% of citizens and "tax persons" (permanent residents/foreigners living and working here, in the U.S.), but there has to be the hole for the top guys. And there is, of course. They even tell you what to do, so you don't have to report it.

Aug 7, 2015 - 2:37pm


AUAGforever pulled the same stuff with me. I think he has a slight omnipotence problem. Much more and I'll just toss him in the ignore pit.

boomer sooner
Aug 7, 2015 - 2:12pm

Lower Back Pain

Work those hips. SEX! I have a bad time with a nerve about belt line and had to have my young teenager walk on it. Felt better just getting the movement. Then a chiropractor said the magic word. If your back doesn't feel better, at least your mind was taken off of the pain for a few seconds, and you have an excuse.

Angry Chefwillsilvaa
Aug 7, 2015 - 1:15pm

Lower Back Pain

Find yourself a good acupuncture doctor. Preferably one that has a degree in TCM - Traditional Chinese Medicine -. It's not essential that they be Chinese but from my experience, they know their stuff. As long as your pain is being generated from soft tissue and not something more serious like a ruptured disc, acupuncture will have you feeling better in 24 hrs. and healed in 1-2 weeks with 3 treatments per week. Trust me and take the plunge.

Aug 7, 2015 - 1:04pm

@willsilvaa - Back Pain

Topical: Voltaren emulgel

Pill: Aleve

Aug 7, 2015 - 12:47pm

Lets stop this in fighting .....ffs

Come on guys, we are on the same team.

I have read Ted Butler forever ,and i was quite surprised by Nick Elways article ,a few months ago. ie "silver is not rarer than gold".

.I thought that because silver is consumed in most of its applications and gold was mostly kept in a safe,that silver was rarer than gold.

I think it would make a good topic for TF to investigate....did anyone send Nicks' article to Ted ,i wonder? I think i will attempt to, since i am stuck here with a very painful lower back....

ANYONE HAVE a remedy for lower back pain...

respectfully ,Will

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Aug 7, 2015 - 12:13pm


"Turn your brain on"

Aug 7, 2015 - 12:12pm

Sorry CPE

But I don't have time to jump through hoops just because you think I should.

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