An Interesting Discussion with James Turk


Earlier today, we had the opportunity to get caught up with James Turk, legendary founder of GoldMoney. Besides giving us an update on the global precious metal markets, James also provided some background information on an important new venture he has started called Lend & Borrow Trust Company.

Detailed information on Lend & Borrow Trust can be found at the website. Please take a few minutes to look it over:

Over the course of this call, James gives his views on several important topics, including:

  • the current supply/demand equation for metal at the wholesale level
  • how/if the uptick in base metal prices is impacting silver
  • global sovereign gold demand and how this relates to the demise of dollar hegemony
  • his views on the events in Catalonia and how this could impact the EU

And, of course, we conclude with a detailed discussion of Lend & Borrow Trust and how this unique, new company is positioned to alter the peer-to-peer lending environment while at the same time providing unique new options for precious metal holders around the globe.

Thanks again to James for his time to today and thanks to everyone for giving this a thorough listen.



Oct 5, 2017 - 3:15pm
Oct 5, 2017 - 3:33pm



As the stock market continues to rise on the back of some of the worst geopolitical, financial, and domestic news, the U.S. Treasury has been quietly increasing the amount of government debt, with virtually no coverage by the Mainstream or Alternative Media. So, how much has the U.S. debt increased in the past few days? …


Oct 5, 2017 - 4:43pm

4th We Shall See

Keep Stacking By The Way This 4th Spot And Keep Stacking Is For The PM Stackers Only, So Please Don't Be Offended.

Oct 5, 2017 - 4:54pm

free interactive charting

the dancing duo are up next

Oct 5, 2017 - 5:15pm


Fifth, as usual -- right behind Charlie!

Stack on, and prosper . . .

Angry Chef
Oct 5, 2017 - 5:36pm
Oct 5, 2017 - 5:38pm

Debt increase

I have been following this for what seems to be a century.

As a former Large firm auditor and then Corp Treasurer, Tax manager and Risk manager, there are a myriad of ways a company can cook the books. The government outdoes all of those, as it arbitrarily makes the changes t sees fit.

Its no secret: the GAO says the Books of the US are unauditable.

I no longer trust the "debt to the penny" report. Since March its up around 500 billion. But that's cash flow and we do not know how much cash flow has been gamed by our Treasury secretary using "extraordinary measures" such as not paying bills, or funding federal pensions or taking money from other funds (like Fema).

Part of this is we really have not changed the debt ceiling which we may do away with.

It blows my mind how so much nonsense is reported in the media and they totally ignore this story.

Its bad enough that since 1983 when Reagan became President, the debt increase is almost $8 TRILLION more than the admitted deficits. The names are like what you see in a baseball game run down where an out is made:

Nixon to Ford to Carter to Reagan to Bush to Clinton to Bush to Obama to Trump--and its still in play!!!

Actually it started before Nixon but I start there because of 8/15/71

eg, the morons who created Social Security saw as far forward as their noses. give Give give

Now we have Houston, Florida, Puerto Rico and an unfunded FEMA before those--at least residents of Houston and Florida pay income taxes to fund FEMA even though those taxes were spent elsewhere.

There is a certain audacity of Puerto Rico --they pay little into the system, they get medicaid and food stamps for 1.5 million of their people, from us, they do not pay back their debts, and now are pissed if we do not send more everything to help them from their hurricanes.

Are they like many from Katrina-just sitting on their asses waiting for US govt to do everything for them?

Thats the image they have given.

The leaders of Houston were all over the place before the problems tying things down, as were leaders of Florida, Miami, et al.

after the hurricane, The gov and Mayor were all over tv. wanting moar. Moreso the Mayor of San Juan.

No problem they wil send a lot of the population to the US.

The irony??

Puerto Rico is bankrupt and being helped out by the Bankrupt US

back to the top:

the debt s/b exploding if for no other reason that the US has to pay for costs associated with the hurricanes--is there a line item in the budget for hurricanes?

and the debt s/b exploding for what should be the ongoing massive deficits dur to more seniors taking Medicare and Soc Security.

Oct 5, 2017 - 5:51pm

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Oct 5, 2017 - 7:03pm

BLS tomorrow...

The consensus is only 100,000...Unemployment rate unchanged 4.4%...Though quite high Average Hourly Earnings 0.3% (0.1% last month).

Oct 5, 2017 - 7:41pm

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Key Economic Events Week of 3/30

3/31 9:45 ET Chicago PMI
4/1 8:15 ET ADP Employment
4/1 9:45 ET Markit manu PMI
4/1 10:00 ET ISM manu PMI
4/2 10:00 ET Factory Orders
4/3 8:30 ET BLSBS
4/3 9:45 ET Market service PMI
4/3 10:00 ET ISM service PMI

Key Economic Events Week of 3/23

3/24 9:45 ET Markit flash PMIs
3/25 8:30 ET Durable Goods
3/26 8:30 ET Weekly jobless claims
3/27 8:30 ET Personal Inc and Spending

Key Economic Events Week of 3/9

(as if these actually matter)
3/11 8:30 ET CPI
3/12 8:30 ET weekly jobless claims
3/12 8:30 ET PPI
3/13 8:30 ET Import Price Index

Key Economic Events Week of 3/2

3/2 9:45 ET Markit Manu PMI
3/2 10:00 ET ISM Manu PMI
3/2 10:00 ET Construction Spending
3/4 8:15 ET ADP employment
3/4 9:45 ET Markit Service PMI
3/4 10:00 ET ISM Services PMI
3/5 8:30 ET Productivity & Unit Labor Costs
3/5 10:00 ET Factory Orders
3/6 8:30 ET BLSBS
3/6 10:00 ET Wholesale Inventories

Key Economic Events Week of 2/24

2/25 9:00 ET Case-Shiller home prices
2/26 10:00 ET New home sales
2/27 8:30 ET Q4 GDP second guess
2/27 8:30 ET Durable Goods
2/27 11:30 ET Goon Evans speech
2/28 8:30 ET Pers Income and Spending
2/28 8:30 ET Core Inflation
2/28 9:45 ET Chicago PMI

Key Economic Events Week of 2/17

2/18 8:30 ET Empire St Manu Idx
2/19 8:30 ET Producer Price Idx
2/19 8:30 ET Housing Starts & Bldg Perms
2/19 2:00 ET January FOMC minutes
2/20 8:30 ET Philly Fed
2/21 Fed Goons all day at Chicago Conf.
2/21 9:45 ET Markit flash Feb PMIs

Key Economic Events Week of 2/10

2/11 10:00 ET Job Openings
2/11 10:00 ET CGP Hump-Hawk House
2/12 10:00 ET CGP Hump-Hawk Senate
2/13 8:30 ET CPI
2/14 8:30 ET Retail Sales
2/14 9:15 ET Cap Ute & Ind Prod
2/14 10:00 ET Business Inventories

Key Economic Events Week of 2/3

2/4 10:00 ET Factory Orders
2/5 8:15 ET ADP Employment
2/5 9:45 ET Markit Service PMI
2/5 10:00 ET ISM Service PMI
2/6 8:30 ET Productivity & Unit Labor Costs
2/7 8:30 ET BLSBS
2/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 1/27

1/28 8:30 ET Durable Goods
1/28 10:00 ET Consumer Confidence
1/29 10:00 ET Pending Home Sales
1/29 2:00 pm ET FOMC Fedlines
1/29 2:30 pm ET Powell presser
1/30 8:30 ET Q4 GDP first guess
1/31 8:30 ET Pers Inc and Spending
1/31 9:45 ET Chicago PMI
2/2 10:00 pm ET Chiefs win SB LIV

Key Economic Events Week of 1/13

1/14 8:30 ET CPI
1/14 9:00 ET Goon Williams
1/15 8:30 ET PPI and Empire Fed
1/16 8:30 ET Retail Sales and Philly Fed
1/17 8:30 ET Housing Starts
1/17 9:15 Et Cap Ute and Ind Prod

Forum Discussion

by SilveryBlue, 1 hour 40 min ago
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by Green Lantern, 2 hours 13 min ago
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