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!



Does Feb19 Comex gold close above $1250 on Friday?
Total votes: 164


texmex66 Dr. P. Metals · Jul 22, 2016 - 1:09am

Re: Maybe

I think we need Bo or Cliff to come out and call for metals to crash. That will surely get things rolling upward.laugh


AlienEyes · Jul 22, 2016 - 2:07am

Blo Pony

I don't think Blo Pony knows sky from dirt.

James Crighton · Jul 22, 2016 - 2:20am

Bix & V - "Hump Day" inaugral broadcast - 21 June

Bix Weir and "V" the Guerrilla economist: Interesting chit chat around current events (61 minutes):

Hump Day with Bix & "V" (07/21/2016) - The Inaugural Broadcast!!!
J Siefert · Jul 22, 2016 - 3:34am

Capital Gains?

I live in Switzerland.
Question: What are capital gains?
(PS No need to answer!)smiley

J Siefert · Jul 22, 2016 - 4:14am

Jackass Special on TURKEY

For obvious reasons I can't post it here...

One thing he does point out, and that the MSM never mention, is that the Incirik Air Base in Turkey is the main transshipment point for heroin. The way things are going the US may have to change that to the air base in Germany (Ramstein ).

Main conclusion:
Turkey has realized it was off course and is now changing back to an alignment with Russia.

EuroRaj parting comment:
"There will be enormous positive payback for the Russians, and tremendous bitterness for the Americans. By the way, Erdogan's hotel resort was bombed right after he left the premises. It is truly game over for the US in Turkey, and time to pull out. "

Well worth subscribing to.

J Siefert Dr. P. Metals · Jul 22, 2016 - 4:53am

Re.: Maybe

@ Dr. P.

Americans and others in the West should stop being so health conscious and get back to drinking strong coffee.
Maybe that would help wake them up !!

trx16 · Jul 22, 2016 - 6:44am

Interesting Timing

 Why would the media release an interview with Kuroda saying no to helicopter money recorded on June 17th until yesterday July 20th? The helicopter Bernanke story started shortly after July 4th. The timing of events and media releases does not match the USDJPY movement . Kuroda's statement was made before Brexit and the meeting with Bernanke. Interesting media time line to confuse things. A red herring media release. 


Boxingbuddha Rakka · Jul 22, 2016 - 7:02am


Hey there, nothing much to add except that you can also redeem physical through silver and other gold products you don't need to take the cubes. I was within the first 35.000 users of BitGold, it works like a dream, customer service is second to none. 

murphy · Jul 22, 2016 - 7:26am

@ Boxing

Welcome aboard. Glad you are here and adding to the conversation.

Shakira - Waka Waka (This Time for Africa) (The Official 2010 FIFA World Cup™ Song)
· Jul 22, 2016 - 8:34am

Snuck in under the wire

And was able to grab one last look at this 4-hour chart. fwiw...

LostMind · Jul 22, 2016 - 8:35am

Manipulate the markets up for the conventions?

I truly believe it was all smoke and mirrors so that the RNC couldn't point out how bad the economy is.... 

Also, wait for it with the DNC. They will be showboating on the economy.

benque · Jul 22, 2016 - 8:49am

Trump and job numbers

I surely do hope he is planning to expose the BLSBS hoax for what it is, as the hitlery side slammed him last night over his remarks about employment being down; saying "just look at the numbers, employment is up!"

It isn't rocket science how the scam is perpetrated. There aren't any rocket scientists left in the USA....they've all gone to Russia and China. Or, debate the crone on jobs numbers and how her gang (mis)calculate them. She sure-as-hell wouldn't know how the numbers are "made-up", and might just splutter and foam at the mouth if pointedly and cleverly asked to defend them.

· Jul 22, 2016 - 9:12am
Safety Dan · Jul 22, 2016 - 9:51am

Two Fur The Price Of One..

Brazilian Arabica Coffee Crop 36% Loss from Cold, Bananas 70%, Argentina 30% Raisin Losses

Brazil suffering record cold temperatures again in July 2016 after a cold wave that damaged agriculture in June 2016. Arabica coffee beans stand at 36% loss, bananas 70% loss in Ribeira, Argentina 30% loss of raisin production and Chile clementine 30% increase. The grand solar minimum is here, South America is repeating the normal



Plus you will like this video:

James Perloff "The Rothschild Banking Elite Are Manipulating The Weather & Profiting From It!"

Video unavailable

​​​​​​​Video is 34:16 min.

Fandango · Jul 22, 2016 - 9:51am

A bit confused...

Copper is up, USD/JPY is down, but gold/silver have made a small loss. Are bond rates to blame? The increasing likelihood of a interest rate cut in the UK should be PM positive, shouldn't it? Like I said, confused... Look forward to Turd's analysis.

tyberious · Jul 22, 2016 - 9:55am

Silver Mining vs. Gold

Silver Mining vs. Gold Mining: The Dynamics Explained

by Jeff Nielson, Sprott Money:

Understanding the dynamics and the differences between the silver mining industry and the gold mining industry is simple. It’s all in the numbers. What is somewhat more challenging is to decipher what these numbers really mean.

A reader recently made a valid observation in endeavouring to “explain” the current, extremely skewed , gold/silver price ratio . Historically (for more than 4,000 years), this ratio hovered at around a 15:1 level. Over the last 100+ years; this price ratio has exploded, at times exceeding a ratio of 80:1.

Read More

imfd · Jul 22, 2016 - 9:55am


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

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


tyberious · 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.

Read More

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

FireMedic76 Fandango · 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.

rxman · 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.


Fandango · 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...

Image result for had enough images

Mickey · 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.

Dirt_Reynolds rxman · Jul 22, 2016 - 3:13pm

Let me condense rxman's comment for you


+100 H/T

ancientmoney · 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.

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The TFMR Silver Round
Key Economic Events week of 12/17

12/17 8:30 ET Empire State Fed Manu.
12/18 8:30 ET Housing Starts and Building Permits
12/19 8:30 ET Existing Home Sales
12/19 2:00 ET FOMC Fedlines
12/20 8:30 ET Philly Fed
12/21 8:30 ET Q3 GDP final guess
12/21 8:30 ET Durable Goods
12/21 10:00 ET Personal Income, Personal Spending and Core Inflation

Key Economic Events week of 12/10

12/11 8:30 ET Producer Price Index
12/12 8:30 ET Consumer Price Index
12/13 8:30 ET Import Price Index
12/14 8:30 ET Retail Sales
12/14 9:15 ET Industrial Prod. and Cap. Utilization
12/14 10:00 ET Business Inventories

Key Economic Events week of 11/26

11/27 9:00 ET Case-Schiller home prices
11/27 10:00 ET Consumer Confidence
11/28 8:30 ET Q3 GDP 2nd guess
11/28 10:00 ET New home sales
11/29 8:30 ET Personal Income and Spending
11/29 10:00 ET Pending home sales
11/29 2:00 ET November FOMC minutes

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