A2A with James Turk of GoldMoney


James Turk is a legend in the precious metals sector. As founder of GoldMoney in 2001, James has long been an advocate of sound money and physical precious metal ownership. What a treat to have him stop by TFMR again today and answer subscriber questions in our A2A format!

Among the questions covered in this webinar:

  • The short-term paper market conditions as well as physical metal issues on the ground in London and elsewhere
  • The sham of ETF gold "ownership" and the fallacy of the 580 mts allegedly added to gold ETFs in 2016
  • How much longer the BoJ and other central banks can continued their failed cash-printing policies
  • Are royalty companies preferred investments in the metals sector
  • And much, much more!

Please be sure to give this recording a thorough listen. When you're finished, you should consider buying James' book, "The Money Bubble". It's a great read. You should also give strong consideration to becoming a GoldMoney customer as they are a prominent advertiser and supporter of TFMR...and I own some Bitgold, too!




Jul 22, 2016 - 3:24pm

Rabobank and $500 gold...

They might be right--when it comes to paper gold prices. I have said here many times, that nobody, including GLD/SLV holders, will be allowed to get rich (or protect their wealth), by holding paper PMs. Why is this? For the same reason that the shorts outnumber real PMs backing them by 50:1 or 450:1 as COMEX stocks dwindle. There are many more "legal" claimants to PMs than there are PMs. So, the 49 (or 449) claimants who aren't elites will see their paper holdings get taken down and then paid out in cash before paper is destroyed, and phyzz is set free (or relatively free). This is a given.

Jul 22, 2016 - 3:13pm

Let me condense rxman's comment for you


+100 H/T

Jul 22, 2016 - 12:53pm


if memory serves me correct rabo ceased its gold operations 5- years ago when they did not have the gold to back what it sold to clients in europe.

I think Jim Willie once about then spoke about 50,000 missing tons in europe like this including in Switzerland. I contacted a depository in Switzerland I know and they said to at least some extent its true--they "would not" care to comment on it further except saying they had all they were supposed to have and to be careful.

Jul 22, 2016 - 11:23am

Reply: FireMedic76

Thanks mate. With every tool of knowledge added to my tool box, I'm using twice as many tools in a vain attempt to falsely convince myself that everything will one day be simplified. Que sera sera...

Jul 22, 2016 - 10:34am

That Rabo Bank Schmuck

and his $500 per ounce gold call. Clueless. Wonder what his age is? Common core education? He should consider drinking non flouridated water. I really really hope that the bank takes his anal lysis and puts their money where his mouth is. Would love to see them get their faces ripped off, and him glide out the window to the pavement below either of his own accord or with a lil inertia from behind.


Jul 22, 2016 - 10:09am

Re: A Bit Confused

I read yesterday evening on Harvey Organ that:

"In silver, the total open interest ROSE BY 1,391 contracts UP to 220,587, AND A NEW ALL TIME RECORD. THE OI ROSE IN CONTRAST TO THE PRICE OF SILVER WHICH FELL BY 40 CENTS IN YESTERDAY’S TRADING.In ounces, the OI is still represented by just over 1 BILLION oz i.e. 1.102 BILLION TO BE EXACT or 158% of annual global silver production (ex Russia &ex China)."


Banks trying to cap price prior to OpEx AND setting up for a crushing day of pain (if they are able to pull it off) sometime in the near future? Looks to be so IMO. Anyone have a differing outlook or am I likely getting back on the right track with this assessment?

Sitting tight after taking profits to stack some shiny stuff while premiums are low and ready to put my free cash back to work if the cycle we have grown to despise reaches it's nadir. It will end one day but we will be prepared to flourish when the long, cold, winter of fiat collapse begins.

Safety Dan
Jul 22, 2016 - 10:03am

Big Pharma Injecting Us With

Big Pharma Injecting Us With Cancer Enzymes Nagalese Vaccines - Doc Discovering Murdered.

Video unavailable

Video is 3:39 min

Jul 22, 2016 - 10:00am

Syrian Opposition Pleads for

Syrian Opposition Pleads for End of US-Led Airstrikes as Civilian Death Toll Rises

from Underground Reporter:

As the number of civilians killed by U.S.-led coalition forces in Syria since June rises to above 100, the head of opposition group the Syrian National Coalition (SNC) is asking the U.S. to suspend the coalition’s airstrikes against the Islamic State (ISIS) while the deaths are investigated.

On Monday and Tuesday, dozens of civilians—including many children—were reportedly killed by U.S.-led airstrikes in what observers called the “worst week” for civilian deaths at the hands of the coalition.

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Safety Dan
Jul 22, 2016 - 10:00am

Another Two Fur The Price Of One...

So it Begins! Bank of England Urge Central Banks to Create Their Own Digital Currencies

In a research paper published on Monday, John Barrdear and Michael Kumhof, economists at the Bank of England, call for central banks to issue their own digital currencies, along the line of Bitcoin. They based their advocacy on the idea that “reductions in real interest rates, distortionary taxes, and monetary transaction costs” would boost the



Bank of England Secretly Controls World’s Money Supply

by Sean Adl-Tabatabai

The Bank of England have been secretly controlling the world’s money supplies for over 300 years, acting as the world’s privately owned central bank.

The bank has provided the inspiration and model for the financial enslavement of citizens and governments across the globe.

Csglobe.com reports:

Well before the conflict for establishing


Jul 22, 2016 - 9:55am


Does anybody else see the similarities between Erdogans arch enemy Gulen, and that loveable old Muppet statler ?

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Key Economic Events Week of 1/11

1/11 12:00 ET Goon Bostic speech
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1/13 8:30 ET CPI
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1/13 2:00 ET Beige Book
1/14 8:30 ET Import price index
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Key Economic Events Week of 1/4

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1/5 Georgia U.S. Senate election
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1/6 8:15 ET ADP Employment Report
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1/6 10:00 ET Factory Orders
1/6 2:00 ET December FOMC minutes
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Key Economic Events Week of 12/21

12/21 8:30 ET Chicago Fed
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Key Economic Events Week of 12/14

12/15 8:30 ET Import Price Index
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12/16 8:30 ET Retail Sales
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12/16 10:00 ET Business Inventories
12/16 2:00 ET FOMC Fedlines
12/16 2:30 ET Chief Goon Powell presser
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12/18 8:30 ET Current Account Deficit
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Key Economic Events Week of 12/7

12/8 8:30 ET Productivity & Unit Labor Costs
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Key Economic Events Week of 11/30

11/30 9:45 ET Chicago PMI
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Key Economic Events Week of 11/23

11/23 9:45 ET Markit flash PMIs
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11/24 9:00 ET Case-Shiller home prices
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Key Economic Events Week of 11/2

11/2 9:45 ET Markit Manu PMI
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11/3 U.S. Election Day
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11/4 8:30 ET ADP jobs report
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Forum Discussion

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