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 7, 2015 - 11:46am

Nicolaus Copernicus b. 1473 A.D. d. 1543 A.D. ...what a jerk!!

He had no degree in Geocentric Chart Analysis, nor was he accepted as an expert by the self-appointed experts. So what could he have possibly known about the universe?? Obviously nothing.

And apparently being ignorant and unable to attain position in the Geocentric Chart Analysts Association (GCCA) made him bitter. So what did he do?? Well, while the GCAs were pouring over their Charts and trying to one-up each other by predicting upcoming positions of the heavenly bodies in their orbits around the Earth... Nick started spreading rumors that "the planets orbit around the Sun, and not around the Earth".

No peer review (Tb- :::gasp:::), no published works, no acceptance by the experts, ...just his crazy rumor that the planets orbit around the Sun.

Well, what with people being people and all... the rumor spread, and spread and spread causing untold damage to the GCCA and killing what would surely have been centuries of Geocentric Discoveries, marvelous predictions, GCA personalities reaching their deserved level of stardom etc etc.. Indeed, what a jerk he was, but the story gets worse.

Not being content with F'ing up mankind's clear understanding of the Earth centered universe, "Nick the Jerk" also concocted a crazy monetary story.

He explained that when people replace strong Commodity (like Silver and Gold) Money with something inferior- that the inferior money will drive out the "commodity Money" for a while. Implying that the Commodity Money will eventually return as Money, ...in some sort of Money Cycle deal, ...where apparently people always comes around to the reality that Only The Commodity Money is Money ...or some such nonsense.

Fortunately, Nick's incoherent Monetary Musings weren't nearly as damaging to the collective good as his Heliocentric Heresy. However, after the copyright expired on Nick's cyclical Inferior drives out Superior "Only The Commodity Money is Money" nonsense, it was later rehashed into an economic espousal known as Gresham's Law. Ooops.

R.I.P Nick, you trouble-making Jerk!

Aug 7, 2015 - 11:28am


Why bring Steve and Turd into it?

If you don't want to own up to what you posted, fine.

The onus is not on me to vet your comments, quotes, posts etc. Attention has been called to the above ground silver stocks before. If you, Steve, Turd, Butler or anyone else want to pick apart Nick's numbers then I would love to read that.

I'm not going to pay for a report that I don't even have a link to from Steve's site that you posted just to do your work for you. But I object to above ground numbers (without reference) flying about for people to get hyped up on misinformation.

If we all just post rumors, legends and guesses then what's the point? You obviously want the lazy way out. So I'll just quit talking to you and read comments from thinkers, fact collectors and the like.

Aug 7, 2015 - 11:18am

I see SRSrocco post here occasionally

So I think I'll let him defend his own work if he is so inclined. Maybe you should tell Craig to stop referencing his work?

Aug 7, 2015 - 11:09am

Silver Supply

I frequent quite a few auctions for antiques of all kinds. There still is a fair amount of antique Silver (mostly Sterling) platters, tableware, vases and whatnot still hitting the better auctions. Little if any Gold except in jewelry and a few coins. Good news is the prices have been climbing despite what spot price shows. Many antique items are worth far more than the Silver content and the selling price reflects that. But even damaged or uninteresting items are fetching decent prices. I would put the Silver content value average about $25-30 an oz. The antique shop near me has been cleaned of any decent Silver. The owner admitted he scoops up any Silver items that consignors bring in and has no intention of selling it. Silly me for wasting time pouring of loads of unwanted junk.

Aug 7, 2015 - 11:07am


Umm, that was your post not mine. Why should I go take it up with SRSRocco? You posted it, not him, and this isn't the first time.

I have no idea if Steve has references, you lifted a quote without reference.

I await your refutation or confirmation of Nick's numbers with references.

Aug 7, 2015 - 11:03am


Take it up with Steve at SRSrocco. That is my quoted source.

Key Economic Events Week of 10/19

10/19 11:45 ET Goon Chlamydia
10/20 8:30 ET Housing Starts
10/20 1:00 pm ET Goon Evans
10/21 10:00 ET Goon Mester
10/21 2:00 pm ET Fed Beige Book
10/22 8:30 ET Initial Jobless Claims
10/23 9:45 ET Markit Oct flash PMIs

Aug 7, 2015 - 10:59am

Hello 15

Good to see you again.

Aug 7, 2015 - 10:58am
Aug 7, 2015 - 10:51am


Have a funny feeling that if we break 1100 we may see a $20 pop right away. Gold has not backed down all morning and the PM equities have been strongly bid as well.

Aug 7, 2015 - 10:47am


So, it's true that there is less above ground available silver stocks in the world compared to gold. Thus, silver is actually more rare than gold.

Why do you persist in posting misinformation? Nick Elway has done excellent research, and I've seen him comment to you regarding this lately. If Nick's number's are wrong, show us. If you can't then please post facts.

Unless I'm somehow misreading the quote, the quote is not true.


To further quote Nick, Ag's story is good enough without inflating the "facts".

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Key Economic Events Week of 10/19

10/19 11:45 ET Goon Chlamydia
10/20 8:30 ET Housing Starts
10/20 1:00 pm ET Goon Evans
10/21 10:00 ET Goon Mester
10/21 2:00 pm ET Fed Beige Book
10/22 8:30 ET Initial Jobless Claims
10/23 9:45 ET Markit Oct flash PMIs

Key Economic Events Week of 10/12

10/13 8:30 ET CPI and Core CPI
10/14 8:30 ET PPI
10/14 9:00 ET Goon Chlamydia
10/15 8:30 ET Philly Fed
10/15 8:30 ET Empire State Idx
10/15 8:30 ET Import Price Idx
10/16 8:30 ET Retail Sales
10/16 9:15 ET Cap Ute & Ind Prod
10/16 10:00 ET Business Inv

Key Economic Events Week of 10/5

10/5 9:45 ET Markit Svc PMI
10/5 10:00 ET ISM Svc PMI
10/5 10:45 ET Goon Evans
10/6 8:30 ET Trade Deficit
10/6 10:00 ET JOLTS job openings
10/6 10:45 ET Chief Goon Powell
10/7 2:00 ET Sept FOMC minutes
10/7 3:00 ET Goon Williams
10/8 8:30 ET Initial jobless claims
10/9 10:00 ET Wholesale Inventories
10/9 12:10 ET Goon Rosengren

Key Economic Events Week of 9/28

9/29 8:30 ET Advance trade in goods
9/29 9:00 ET Case-Shiller home prices
9/29 10:00 ET Consumer Confidence
9/30 8:15 ET ADP employment report
9/30 9:45 ET Chicago PMI
10/1 8:30 ET Personal Income and Spending
10/1 8:30 ET Core Inflation
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/2 8:30 ET BLSBS
10/2 10:00 ET Factory Orders

Key Economic Events Week of 9/21

9/21 8:00 ET Goon Kaplan
9/21 10:00 ET Goon Evans
9/21 Noon ET Goon Brainard
9/21 6:00 pm ET Goon Williams & Goon Bostic
9/22 10:30 ET Chief Goon Powell on Capitol Hill
9/22 Noon ET Goon Barkin
9/22 3:00 pm ET Goon Bostic again
9/23 9:00 ET Goon Mester
9/23 9:45 ET Markit flash PMIs for September
9/23 10:00 ET Chief Goon Powell on Capitol Hill
9/23 11:00 ET Goon Evans again
9/23 Noon ET Goon Rosengren
9/24 1:00 pm ET Goon Bostic #3
9/24 2:00 pm ET Goon Quarles
9/24 10:00 ET Chief Goon Powell on Capitol Hill
9/24 Noon ET Goon Bullard
9/24 1:00 pm ET Goon Barkin again & Goon Evans #3
9/24 2:00 pm ET Goon Bostic #4
9/25 8:30 ET Durable Goods
9/25 11:00 ET Goon Evans #4
9/25 3:00 pm ET Goon Williams again

Key Economic Events Week of 9/14

9/15 8:30 ET Empire State and Import Price Idx
9/15 9:15 ET Cap Ute and Ind Prod
9/16 8:30 ET Retail Sales
9/16 10:00 ET Business Inventories
9/16 2:00 ET FOMC Fedlines
9/16 2:30 ET Powell Presser
9/17 8:30 ET Philly Fed
9/18 8:30 ET Current Acct Deficit

Key Economic Events Week of 9/7

9/9 10:00 ET JOLTS job openings
9/10 8:30 ET Initial jobless claims
9/10 8:30 ET PPI
9/10 10:00 ET Wholesale Inventories
9/11 8:30 ET CPI
9/11 9:45 ET Core CPI

Key Economic Events Week of 8/31

9/1 9:45 ET Markit Manu Index
9/1 10:00 ET ISM Manu Index
9/1 10:00 ET Construction Spending
9/2 8:15 ET ADP employment
9/2 10:00 ET Goon Williams
9/2 10:00 ET Factory Orders
9/3 8:30 ET Initial jobless claims
9/3 8:30 ET Trade Deficit
9/3 12:30 ET Goon Evans
9/4 8:30 ET BLSBS

Key Economic Events Week of 8/24

8/24 8:30 ET Chicago Fed Idx
8/25 10:00 ET Consumer Confidence
8/26 8:30 ET Durable Goods
8/27 8:30 ET Q2 GDP 2nd guess
8/27 9:10 ET Chief Goon Powell Jackson Hole
8/28 8:30 ET Pers Inc and Consumer Spend
8/28 8:30 ET Core Inflation
8/28 9:45 ET Chicago PMI

Key Economic Events Week of 8/17

8/17 8:30 ET Empire State Manu Idx
8/17 Noon ET Goon Bostic
8/18 8:30 ET Housing Starts
8/19 2:00 pm ET July FOMC minutes
8/20 8:30 ET Jobless claims
8/20 8:30 ET Philly Fed
8/20 10:00 ET LEIII
8/21 9:45 ET Markit flash PMIs July

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