GERALD CELENTE & JAMES TURK - GoldSeek Radio - Oct 11, 2013

 James Turk is founder of GoldMoney.com, which operates the leading digital gold currency. He also publishes the Freemarket Gold & Money Report, an investment newsletter he founded in 1987. Previously, after a decade with the international department of Chase Manhattan Bank, he managed the commodity department of the Abu Dhabi Investment Authority. His media appearances include GoldSeek.com, CNN, Bloomberg, CBSMarketWatch, CNBC, Barron’s, the Wall Street Journal, and Financial Sense Online.





Gerald Celente
The Trends Research Institute
The Martial Artist of Trend Forecasting —The purpose of trend forecasting is to provide insights and directions in anticipation of what the future may bring – and to be prepared for the unexpected. Gerald Celente, a Close Combat practitioner and black belt trainer, well understands the importance of proacting rather than reacting: "The first rule of Close Combat is to attack the attacker. Action is faster than reaction. The same holds true for the future. You know the future is coming … attack it before it attacks you."
Founder of The Trends Research Institute in 1980, Gerald Celente is a pioneer trend strategist. He is author of the national bestseller Trends 2000 and Trend Tracking (Warner Books) – "Far better than Megatrends," and publisher of the internationally circulated Trends Journal newsletter.
Political Atheist — Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom, Celente, whose motto is "think for yourself," observes and analyzes the current events forming future trends for what they are – not for the way he wants them to be.
Like a doctor giving a diagnosis after gathering the facts, whether or not you like the prognosis doesn’t alter the outcome, make him an optimist or pessimist – it’s simply what is. And while Celente holds a US passport, he considers himself a citizen of the world.
Globalnomic® Trend Forecaster — Using his unique perspectives on current events forming future trends, Gerald Celente developed the Globalnomic® methodology which is used to identify, track, forecast and manage trends.
The world's only trends analyst covering 300 diversified trends fields, Gerald Celente and the Trends Research Institute provide trend research studies and consulting services to businesses and governments worldwide. Celente also designed the nation’s first professional course in trend forecasting.
The proof is in his past — Gerald Celente has earned his reputation as "The most trusted name in trends" by accurately forecasting hundreds of social, business, consumer, environmental, economic, political, entertainment, and technology trends. Among them:
Celente coined the term "clean foods" in 1993 and predicted sustained growth in organic products in 1988.
When gold was at $275 per ounce in 2002, Celente said the price had bottomed and in 2004 forecast the beginning of the "Gold Bull Run." Since that time, with pinpoint accuracy, he said when, why - and how high - gold would go. *youtube.com recording.

James Turk - Gold Will Finish 2013 At 1675 Or Better 15.Aug.13

www.FinancialSurvivalNetwork.com presents
James Turk came back on the show after a long haitus. He's extremely bullish on the yellow metal and for good reason. It's been going back up as of late and we're not seeing very much resistance on the upside. James is thinking that it will finish positive for the year and that this will be the 13th winner in a row. Perhaps he's a bit overly optimistic, but he's been right twelve years running and that's good enough for us. He's still seeing extremely powerful Asian buying, with China picking up Indian slack and we are heading into the strong gold buying season. Indian brides are happier when showered with gold.
Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

James Turk : Gold to $11,000 - We Are in a Fiat Currency Bubble

James Turk of GoldMoney.com predicts gold will reach "$11,000" per ounce in the next five years. Turk goes on to say, "It might come sooner. It depends on when confidence finally breaks, and we're getting very, very close to that stage. There's nothing holding the dollar together but confidence." Join Greg Hunter as he goes One-on-One with James Turk of Goldmoney.com.

James Turk: Buy Gold & Silver Now before 2013

If you just went short at the peaks you were fine. But investment time frames are NEVER supposed to be "2 years or less" that's what trading is for. It's not being a crook. This last 2 years has been a gift those those NOT wanting to pay more than 2000/oz for gold. Come March you'll be sorry you missed out - they won't - because in 2013 March 2000 will be the low price for a very long time. e.g. when gold is on the rise and you have a GLD call you will gain, in the money, roughly $60 or more for each dollar up GLD goes, BUT calls expire. When gold drops from its peak you buy GLD puts and you will gain roughly $60 for each dollar GLD drops (10.33 $ drop in gold = $1 drop in GLD roughly). Options EXPIRE. The buy prices are low enough to create leverage. A swing > $100/oz either way lets you do both: 1 call 1 put, swings hard then you sell EITHER to pay for BOTH + profit. Here's what's coming next: silver to 73 or so and gold to 2400 (could be 2500) 2013 Sep. Get ready then for a drop down to only 2000/gold and silver will drop with it : a scatterplot is needed to figure out how much it drops. I'd guess to 50 from 75 peak. That's a year out. Right now: (gold / 1274) to power 2.31 x 17 = silver +/- 55 cents/ounce If you want to break even and lose out sell it all now. Silver & gold are DECADE holdings over-all. SHORT-Term is paper

James Turk on recent Gold and Silver Price moves

GoldSeek Radio's Chris Waltzek talks to JAMES TURK - Oct 25, 2012

GoldMoney's James Turk points out that the competitive devaluation of the major currencies is continuing which in the end will lead to the destruction of all fiat currency. While the new liquidity injection by the European Central Bank helped to boost the markets in the short term and caused the euro to rally against the dollar he expects that the markets will soon again start to focus on the fiscal problems in Europe - none of which have been resolved yet , He emphasizes the extraordinary situation of negative interest rates and point out that gold prices are far from being overvalued right now despite the fact that gold is flirting with new all-time highs in euro terms.James Turk is also extremely bullish regarding silver, though pointing to the high volatility. He states that accumulating precious metals will continue to be a great strategy going forward.

James Turk : Everyone Should Buy Silver

James Turk: 'Everyone should have a precious metals portfolio' One only has to look at a 5 year price history chart of silver and then overlay a silver industrial demand chart on top of it to see the spot price bears no resemblance to supply and demand, since the demand chart shows a steady upward trend, no wild fluctuations whereas the spot price is extremely volatile. As Sprott says, silver is the most valued assett today.

Speaking in a video presented at a Brink's Canada's event in Toronto on September 28, GoldMoney Chairman James Turk outlines the reasons why "everyone should have a precious metals portfolio." GoldMoney is proud to have partnered with Brink's in August of this year to offer our customers gold and silver storage at vaults in Toronto. James outlines the stark fiscal facts about government debt problems across the developed world, and why central banks' determination to devalue the currencies they issue is causing a bull market in precious metals. He demonstrates why gold remains undervalued, despite the great gains seen in its price over the last 11 years, and a means of assessing whether or not the yellow metal is fairly valued or not. James argues that we are living in "fiat currency bubble", similar though many magnitudes greater than the recent housing bubbles seen in America, Ireland, Spain and other countries, or the "Tech bubble" in NASDAQ stocks in the late 1990s. The USA is racing towards hyperinflation, courtesy of the Federal Reserve's monetisation of US government deficits.

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

James Turk and Robert Prechter on Gold & Inflation vs deflation

Robert Prechter and James Turk on inflation vs deflation Although I am in the inflationist camp, I actually enjoyed this interview. James Turk is brilliant as always - great insight combined with respectful delivery.Robert Prechter was always a deflationist , while James Turk is an inflationist , who believes that gold will soon be worth $8000 an ounce .... the simple fact is the politicians will ALWAYS opt to kick the can down the road if they can, to maintain their POWER/CONTROL. Currency debasement IS kicking the can. They will inflate.As the nations around the globe decide they want something other than USD, all that cash around the world, about 50% of all USD, will come right back into US borders and flood our local money supply with more paper.We hardly export a thing other than USD's,

James Turk : Gold price has risen in US dollar terms at an average annual rate of appreciation of 17% during the last 11 years

James Turk : Yes, gold doesn't provide yield because it doesn't have counterparty risk. If you want to put your gold at risk and lend it to someone you can generate yield on that. So right now people don't want that counterparty risk because they don't know whether their gold is going to be returned or whether the euro's they haven't deposited in their bank is going to be returned, if the bank goes belly-up, or the purchasing power of the euros they put on deposit will be returned because of inflation as a result of all the quantitative easing and money printing that's going on around the world. So you can't really look at some of those "straw man" arguments against gold because they don't think they carry any weight. The more important thing is what's been actually happening in over the last 11 years - the gold price has risen in US dollar terms at an average annual rate of appreciation of 17%. Now have you been earning 17% on your dollar deposits or euro deposits every year? You haven't and so gold is going to become more and more attractive as people understand that gold is still undervalued and still very much useful, and you know, valuation is more important than price. They are different things - as long as an asset is undervalued you should continue to accumulate it and by all my historical measures, gold is still undervalued. - in mineweb

James Turk : Gold doesnt have counterparty risk

James Turk: You really can't predict what event or what catalyst will occur to cause the metals to move higher, it's just an ongoing bull market. You know my long-term forecast going back to an interview in Biarritz in 2003 when gold was about $350/oz was that sometime between 2013 and 2015 gold would be $8000/oz and I' sticking to that forecast. And that forecast is not based on crystal balls or anything of that nature, it's basically just mathematical that when you go into a financial bust, and one began in 2000, people prefer tangible assets over financial assets because in a financial bust a lot of promises that have been made are broken, and when those promises are broken, confidence in the system falls and people move to tangible assets because they want to own things like gold because gold doesn't have counterparty risk. We're still very much in this major trend and as the problems in Greece continue to unravel because I don't think this parliament bill that's been approved is going to have any long-term positive effect, and other problems in Europe - in Italy and Spain continue to unfold, and recently now the bond-raising agencies have marked the united kingdom for a possible downgrade which would take it from its AAA status. All of these cumulatively are providing reasons for people to move out of financial assets, to move into tangible assets, so I expect this trend to continue. But what event it's going to be you can't really predict that, you just have to play the bull trend, continue to accumulate the metals - I've been recommending a dollar cost averaging programme to do that and focus on much higher prices in the years ahead, as all these problems come to a head.

James Turk more bullish on Silver than on Gold

JAMES TURK: Well my long-term view is that I've always been more bullish on silver than I have been on gold and the reason is that even though gold is cheap, silver is even cheaper than gold. The ratio is still in the 50s when the historical ratio is 16 ounces of silver equal to one ounce of gold, and I expect before this bull market is over, we're going to get down toward that area. But the problem with silver is that it's much more volatile than gold. Last year the ratio was at 31 and a few months later it was at 57/58. That volatility is not for everybody, but if you can handle the volatility - own some silver. My general recommendation is that two-thirds gold, one-third silver and by the time this bull market is over, the silver component of your portfolio will have a higher currency value than the gold component of your portfolio because of the outperformance as a result of the decline in the gold-silver ratio. - in mineweb

James Turk : Gold is cheap, but Silver is even cheaper

James Turk : Gold is cheap, but Silver is even cheaper

JAMES TURK: Well my long-term view is that I've always been more bullish on silver than I have been on gold and the reason is that even though gold is cheap, silver is even cheaper than gold. The ratio is still in the 50s when the historical ratio is 16 ounces of silver equal to one ounce of gold, and I expect before this bull market is over, we're going to get down toward that area. But the problem with silver is that it's much more volatile than gold. Last year the ratio was at 31 and a few months later it was at 57/58. That volatility is not for everybody, but if you can handle the volatility - own some silver. My general recommendation is that two-thirds gold, one-third silver and by the time this bull market is over, the silver component of your portfolio will have a higher currency value than the gold component of your portfolio because of the outperformance as a result of the decline in the gold-silver ratio.
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

James Turk : This Gold correction is over

James Turk : Mineweb - 2/22/2012 : Yea they bounced from the lows but the reality is that both gold and silver remain in a trading range. The peak in silver goes back to April of last year, the peak in gold goes back to the summer of last year, and since then we've been in this broad trading range. But the interesting this is that we're now back at the high of the trading range and after moving from $1520 at the end of December to early January up to around $1750. We're still around that $1730/$1725 area so that actually demonstrates in my mind a lot of strength in gold and silver doing basically the same thing, so there's a lot of strength in silver and I think this correction we've been in over the past several months in both metals is about to end and you're going to see much higher gold prices and silver prices as we work to the end of the first quarter.

James Turk : Gold still Underowned & Undervalued

GoldSeek Radio's Chris Waltzek talks to JAMES TURK - Feb 2, 2012 James Turk, founder of the GoldMoney Foundation talks about the recent correction in the price of gold from all time nominal highs of 1.923$ per troy ounce and discusses the implications. He points out that there hasn't been a 20% drop in the price of gold since 2008. James explains that these periodic liquidations are a normal part of gold's bull market. He then talks about the fundamentals and discusses gold's safe haven status. He talks about how gold suffers in a liquidity event because of the rush to cash and the need to realize profit, while outperforming all other assets. James Turk recommends seeing gold as a form of savings and accumulating while its undervalued, since the trend will go much higher, rather than attempting to trade it. He also discusses Lehman, Greece, Dexia and other significant market events.

James Turk speech at the 2012 Vancouver Resource Investment Conference

James Turk speaking at the 2012 Vancouver Resource Investment Conference on January 23, 2012 . James Turk, founder of the GoldMoney Foundation he talks about the recent correction in the price of gold from all time nominal highs of 1.923$ per troy ounce and discusses the implications. He points out that there hasn't been a 20% drop in the price of gold since 2008. James explains that these periodic liquidations are a normal part of gold's bull market. He then talks about the fundamentals and discusses gold's safe haven status. He talks about how gold suffers in a liquidity event because of the rush to cash and the need to realize profit, while outperforming all other assets. James Turk recommends seeing gold as a form of savings and accumulating while its undervalued, since the trend will go much higher, rather than attempting to trade it. He also discusses Lehman, Greece, Dexia and other significant market events.

James Turk : Gold has another 600 percent to go

James Turk & Chris Waltzek - February 1, 2011. GoldSeekRADIO : Gold is still undervalued and has another 600 percent to go . James Turk, Director of the GoldMoney Foundation talks about the outlook for the gold price the fears of hyperinflation the problems facing the eurozone as well as the global economy.Gold is very undervalued says James Turk who recommends to minimize financial assets and maximize tangible assets and when it comes to liquidity the best tangible asset is gold and silver

James Turk Gold Outlook for 2012

James Turk, Director of The GoldMoney Foundation, gives his perspective on the Gold Market for 2012 at the Vancouver Resource Investment Conference on January 23, 2012 : James Turk believes that 2012 is going to be the year of the big gold rally and that the low was during the first week of January and that we have been moving from that low ever since , matter of fact the factors that have been driving gold up in the last years are still there the problems have not been solved and as long as the problems have not been solved one has to be optimistic about the future of Gold James Turk says

James Turk : Gold soon over $2000/oz

James Turk : “With regard to gold and silver themselves, I think we’ve seen the low for the year. I think we’re going to clear $2,000oz. on gold before too long and I think $100 silver is quite reasonable. Something over $2,000oz. this year seems likely, and something over $50oz. perhaps as high as $100 per oz. on silver seems to me the most reasonable course...The mining stocks are still on the runway [ready for takeoff]. The runway is this trading range they’ve been in for the last couple years now…Eventually they’re going to break out of these trading ranges to the upside, and they’re going to take off. Hopefully it’s going to be the first quarter of this year because I’m expecting much higher prices on both gold and silver as we work our way to the end of the first quarter.” - in a Bull Market Thinking recent interview

James Turk : Gold to go over $2,000/oz in 2012

James Turk : “With regard to gold and silver themselves, I think we’ve seen the low for the year. I think we’re going to clear $2,000/oz. on gold before too long and I think $100 silver is quite reasonable. Something over $2,000/oz. this year seems likely, and something over $50oz. perhaps as high as $100 per ounce. on silver seems to me the most reasonable course...The mining stocks are still on the runway [ready for takeoff]. The runway is this trading range they’ve been in for the last couple years now…Eventually they’re going to break out of these trading ranges to the upside, and they’re going to take off. Hopefully it’s going to be the first quarter of this year because I’m expecting much higher prices on both gold and silver as we work our way to the end of the first quarter.”

James Turk - Precious Metals Panic Report

James Turk Director and Founder of the GoldMoney Foundation interviewed this 14th December by Kerry Lutz of the Lutz Report about where the Gold is headed from here "there are basically two markets there is a paper market for gold and there is a physical market for gold and this volatility in the price wings is normally driven by the paper market and that's why as you said the physical buyers start stepping in and taking up the bargains , I think that's what's going on right here " says James Turk "the bubble out there is fiat currency and government debt " James Turk added "gold is not in any bubble"

James Turk on Goldseek Radio - Nov. 23, 2011

James Turk on Goldseek Radio - Nov. 23, 2011 : the original target was $8000 and the time frame was 2013 to 2015 I still think that that time frame will probably going to be right James says , the central banks are doing an even worse job than what he envisioned when he first made that forecasts ten years ago , the new James Turks target is now $11000/0z for the period 2013-2015 instead of the previous $8000/oz because of what the central banks are doing in debasing the currencies worldwide ..... Gold is not an investment it is a store of value Gold is Money , gold does not have a balance sheet or a management team or anything like that , Gold does not create cash flow , it preserves wealth