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 21, 2016 - 11:13pm

OI (preliminary)

Gold -850

Silver +2030


GLD lost 2.08 tonnes

SLV no change.

Jul 21, 2016 - 11:13pm

@Revelation21.21 - Bitgold and Gold money question

I have a bitgold Mastercard from GoldMoney.

Yes there are tax implications for any "gain" made in fiat.
You will need to research this for whichever country claims you as a resident for tax purposes.

Fortunately the bitgold account tracks all of this in the currency you nominate on your account and provides a convenient transaction statement so you can include any "fiat gains" in your reporting to the relevant authorities.

One of the reasons I choose to live in Singapore is there are no such taxes on so called capital gains.

Of course if you live in an oppressive tax jurisdiction there are ways to move under the radar by keeping your LCS transactions under reporting limits and thus anonymous.

Jul 21, 2016 - 10:59pm

Gold, Silver Is Best Way For

Gold, Silver Is Best Way For Average Investor To Own Real Wealth

Gold, Silver Is Best Way For Average Investor To Own Real Wealth - Author
Jul 21, 2016 - 10:47pm

Re: Enjoy


Dr. P. Metals
Jul 21, 2016 - 10:27pm
James CrightonRakka
Jul 21, 2016 - 10:11pm

@Rakka - 5:12 post

Rakka - my experience is that BitGold / GM is great for dealing in and out of gold (that they store for you) but not if you want to take delivery - difficult and expensive (to take delivery).


Jul 21, 2016 - 9:00pm

I have to respectfully

Disagree with Mr. Turk on the streamers. eg SLW. The miners need to get funding for operations somewhere. Their product is money and the ultimate collateral.


Jul 21, 2016 - 8:57pm
Jul 21, 2016 - 8:54pm

Just reviewed @ my last stacking reciept

It's dated in Nov 5 of 2016 for some 1oz gold eagles @ 1150. I'm going to go stack a bit more tomorrow.

The bankers are leaving me no choice with artificial prices in real estate, stocks, bonds, money and art.

The perception of stability in the world is at a low in my lifetime and I believe an acceleration of sentiment can happen at a moments notice. The price of Silver and Gold should be much higher with the education I've been getting over the last few weeks. When perception is more important than function you know you live in interesting times.

I've been mulling over an article about the new silk road being developed through China, Russia and many other countries into Europe, and to the Atlantic. Note that it's western terminus is in Turkey!! Hence power struggles over who's going to call the shots there.

The wikipedia has a little bit of info on the silk road's history as well as the organizations of the new silk road.

Rory has written an article on it here:

Gold, Guns and The New Silk Road


Jul 21, 2016 - 7:50pm

Bitgold and Gold money question

Are they tax issues/consequences with Bit gold , gold money?

If yes, As a "little guy" is it worth the hassle ?

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