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BTw, I know it's so out of date now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

Key Economic Events Week of 11/11

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11/15 8:30 ET Retail Sales
11/15 8:30 ET Empire State Manu Index
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Key Economic Events Week of 11/11

11/12 Three Fed Goon speeches
11/13 8:30 ET CPI
11/13 11:00 ET CGP on Capitol Hill
11/14 8:30 ET PPI
11/14 Four Fed Goon speeches
11/14 10:00 ET CGP on Capitol Hill
11/15 8:30 ET Retail Sales
11/15 8:30 ET Empire State Manu Index
11/15 9:15 ET Cap Ute and Ind Prod
11/15 10:00 ET Business Inventories

Key Economic Events Week of 11/4

11/4 10:00 ET Factory Orders
11/5 9:45 ET Markit Services PMI
11/5 10:00 ET ISM Services PMI
11/6 8:30 ET Productivity & Labor Costs
11/6 Speeches by Goons Williams, Harker and Evans
11/8 10:00 ET Consumer Sentiment
11/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 10/28

10/30 8:30 ET Q3 GDP first guess
10/30 2:00 ET FOMC fedlines
10/30 2:30 ET CGP presser
10/31 8:30 ET Personal Income & Spending
10/31 8:30 ET Core Inflation
10/31 9:45 ET Chicago PMI
11/1 8:30 ET BLSBS
11/1 9:45 ET Markit Manu PMI
1/1 10:00 ET ISM Manu PMI

Key Economic Events Week of 10/21

10/22 10:00 ET Existing home sales
10/24 8:30 ET Durable Goods
10/24 9:45 ET Markit flash PMIs
10/24 10:00 ET New home sales
10/25 10:00 ET Consumer Sentiment

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.

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