A2A with James Turk

106

A tremendous and very informative webinar earlier today with the great James Turk of GoldMoney. We covered a lot of ground in 45 minutes and you absolutely must give this a listen.

Some of the topics covered include:

  • An update on the Bitgold--GoldMoney merger
  • The physical gold situation in London and around the world
  • The dangerous financial situation of the major European banks
  • The future of the US dollar as both an international and domestic currency
  • How a Saudi depeg and move away from the "petrodollar" might affect the US dollar

And much, much more. Again, please give this recording your time and attention and thank again to James for sharing his wisdom and insights with all of us.

TF

  106 Comments

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James Crightontyberious
Jan 21, 2016 - 11:55pm

@Tyberious - KFC bucket

The KFC bucket is more expensive because there is more oil in it........

jc

Libero
Jan 21, 2016 - 11:46pm

Moody's reviewing whether to downgrade

ratings for 12 gold miners. GG and AGI among them.

https://www.moodys.com/research/Moodys-places-12-mining-companies-rated-in-Canada-on-review--PR_342388?WT.mc_id=AM~WWFob29fRmluYW5jZTQyX1NCX1JhdGluZyBOZXdzX0FsbF9Fbmc%3d~20160121_PR_342388

No wonder the miners have been getting pummeled in spite of steady metal prices.

PS- where are all those moji faces?

tyberious
Jan 21, 2016 - 11:41pm
tyberious
Jan 21, 2016 - 11:41pm
lakedweller2
Jan 21, 2016 - 11:22pm

Rhetoric

Look up the word. Think about it.

lakedweller2
Jan 21, 2016 - 11:16pm

@rhetoric

Think

AIJ
Jan 21, 2016 - 11:00pm

Fred Hayek / Dollar Split

Yes I also thought the opposite views of both Willie and Turk to be interesting. Which one is it? If the US can pull off the "deep storage gold" slight of hand maybe Turk will be right. Occams razor seems to be in favor of Turk. That position would obviously be beneficial to the US; however, were is all the manufacturing? Who is holding all the cards? Who has the stronger military? Maybe the answers to these questions are not as obvious as we think. Bottom line: The "debtor is slave to the lender"

New International Version
The rich rule over the poor, and the borrower is slave to the lender.
Proverbs 22:7

Fred Hayek
Jan 21, 2016 - 10:50pm

Turk sees the dollar split opposite of Jim Willie

Very interesting stuff.

At the 21 minute mark, Turk speculates that the U.S. Feral Government will enact capital controls and not let dollars outside the U.S. come back in, resulting in those dollars losing value.

IIRC, Jim Willie has speculated, on multiple occasions, that there would be an explicit dichotomy in the dollar and that the internal dollar would lose most of its value.

I'm not 100% sold by the point of view of either of these two very sharp guys. I just think that it's interesting that two smart guys looking honestly at the same problem are guessing that it will resolve in opposite ways.

canary
Jan 21, 2016 - 10:47pm

@gf

I agree...and highly value what you wrote. When I generalize (and it sometimes batters me) I still keep statistics in my mind.

gazzmann
Jan 21, 2016 - 10:30pm

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