James Turk interviews Philipp Vorndran

Philipp Vorndran of Flossbach & von Storch and James Turk, of the GoldMoney Foundation, about Gold Silver the debt situation in Europe Greece Germany Belgium Italy the UK the Gold standard the future of capitalism and much more : "for every one hundred dollars the US government is now spending 40 percent comes from debt only 60 comes from revenue , historically whenever you are at that 40% level you are very very close to hyperinflation , it shows that the market is not willing to lend to the government and if the government does not cut its spending , the central banks steps in and turns that government debts into currency which is exactly what happened here (in Germany ) in the 1920s with the Reichsmark " says James Turk



Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Max Keiser & James Turk : Fiat money inflation in France

This two parts video is absolutely superb. Max Keiser the wall street anarchist is always a delight and James Turk is a charming and eminently credible legendary precious metals expert. Production quality is first rate (with perfectly apt Berlioz background music to boot). The GoldMoney Foundation has dropped an embarrassment of riches in our lap, we would be unwise to ignore these exceptional educational tools.





Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

James Turk : We could see gold in backwardation

James Turk : "We could see gold in backwardation too as people become more and more worried about the inflationary consequences of the money printing that's going on around the world. Silver always leads - in bull markets it leads on the upside and in bear markets it leads on the downside. Maybe as precious metals move into backwardation, silver is again giving us an important message that it is leading and gold will eventually follow." - in mineweb.com


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Edwin Vieira, Gold lifeboat before the dollar sinks

James Turk Director of the GoldMoney Foundation interviews Edwin Vieira about his book "Pieces of Eight , Gold , the constitutional solution for today's monetary problems , The alternative currency movement in the states , The Gold as an Insurance against a currency collapse , How Gold money can be implemented at the state level , Gold as a lifeboat before the dollar sinks ,




People like Peter Schiff suggest having 2/3rds of our precious metal investment in gold, and the other third in silver. The Permanent Portfolio by Harry Browne originally suggested 100% in gold, but his successor who runs the fund, invests it 1/5th silver and 4/5ths gold. So those are two barometers I follow in trying to balance gold and silver investing. I would also say, for the common man, better to have silver if he can't afford an ounce of gold, than nothing.Silver has been the common man's money for 5,000 years. The Biblical word for money is "silver".

When gold stands above $10,000 an ounce, Warren Buffet could afford gold but it will be outside the reach of the common man. Without silver citizens would be forced to hold fiat currency.

This is perhaps the primary reason the central banks sough to end the bi-metal standard in 1873. Good for the rich and the central banks,but economic slavery for every else.





Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

James Turk : The waterfall decline of the US Dollar

James Turk explains the waterfall decline of the US dollar , Gold and Silver are the safe heaven against the waterfall decline of the US Dollar not the Euro , This video was recorded on 29 April 2011 in Munich, Germany : The waterfall decline will start with the US Dollar and you will see the dollar continuing to decline against the Euro but this is an emotional major reaction , people will exit the dollar and they will say to themselves where can I go , well I go to the Euro because it is a big broad deep market and it is easy to buy so initially you gonna see the Euro benefiting and that's what has been happening , you know the Euro broke above 1.42 against the Dollar and we are now I think 1.48 and a half , but the European central bank is going to probably step in and keep the Euro under 1.55 and people will then understand that the emotional major reaction of selling the dollar and buying the Euro was not the right way to solve the problem not the right way to find a safe heaven for their money and they will start selling the Euro and buying gold ,

James Turk : as long as silver is in backwardation , Silver is cheap

Bill Murphy calls for silver at $400 : ...well if you are looking to what James has said if you are looking for 400 dollars ( silver ) the answer is yes , and as I mentioned earlier and I talked about a lot this year I think we are into an unprecedented situation there is no telling of what gonna happen over night , even today , having done this all day everyday for twelve and half years now it is just stunning but what I have heard the price did because they know that this is following Ben Bernanke's press conference and what the FED had to say , this is a massive obvious repudiation of that , this is the last thing that these people want so , and the more the gold price goes up the more the average person says I want to buy but I cannot afford gold so I want silver and the short position is getting strangled and it is getting worse ....James Turk : ...as long as Gold Silver ratio is higher than twenty Silver is cheap , and as long as silver is in backwardation , Silver is cheap , or something else can happen which is something that we all have to consider the paper market is going to lose its importance as price discovery mechanism it goes back to my comment at Mises about government and politicians destroying the market but they do not understand how they work , the paper market is being destroyed that's what backwardation is telling us , it's no more reliable you have to look what's happening in the physical market , and the physical market is unbelievably tight , because there is just a little amount of physical silver and a huge amount of paper out there.......

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

The 10.000$ gold scenario with James Turk and Bill Murphy

Bill Murphy (http://gata.org/) : I do not want to live in a world where there is no free market , where the Chinese have more free market economy than we do in reality no free press ...that's what it is leading to this mess ....all I know is when this happens I rather have a lot of gold and silver in my pockets so that myself and family and friends can cope with what's going on while everyone else is panicking .....

How and when to buy gold - James Turk

The key is not the price the key is the value says James Turk and Gold is still undervalued : ...first of all you are not investing in precious metals you are saving them cause remember they are money and the way you are do that in my view is the same way that I have been recommending all decade long , if you have not yet begun accumulating precious metals take an amount of money that you intend to put into the metals divided by six and buy one sixth on the fifteenth of every month regardless what the price is you are accumulating over a period of time and just continue to accumulate and save , you know I have been saying this to people when gold was $300 , Gold $600 Gold $1200 and I am saying it now when the Gold is at $1500 because The key is not the price the key is the value and Gold is still relatively undervalued and that's the key to accumulating the precious metals ...so put aside what you read in the news papers put aside all these people talking about bibbles and what not and just slowly methodically eliminate the emotion and just on the 15th of the month or the 13th of the month or whenever it fits your budget just take those dollars or those Euros or Swiss franks or whatever currency you want to convert into hard money and do it .....

Gold mining Stocks are very undervalued - James Turk

James Turk : we trade gold mining stocks in term of dollars or Euros but they are producing gold they are producing wealth and what will happen is the same thing that happened with stocks that produce commodities in countries that have hyperinflation , the prices of those shares will rise , because what would you rather do have your Reichs Marks setting in a bank earning a little bit of interest or would you rather own a mining company denominated in Reich's Marks , the same thing is true in Zimbabwe their mining companies prices of shares rose because you better off owning an equity in a company that creates wealth so if we do get this hyper inflationary system as I expect I think the price of the mining shares will soar ...one thing the market does is it always tests our patience and we are seeing that now with the mining shares but you have to put this in the perspective the last bull market in a mining share ended in 1998 with the collapse of Reax ? we went into a ten year bear market when after the Lehman collapse even top quality mining companies the big majors were going for pennies in the dollar that was the end of the bear market we've come up since then we have been trading basically at new highs on the major companies the juniors always follow at a later date ....


James Turk and Bill Murphy of GATA http://gata.org explain how gold mining stocks are very undervalued and can rise spectacularly as the precious metals bull market continues. This video was recorded on 29 April 2011 in Munich, Germany.

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

James Turk, as long as Gold Silver ratio is higher than twenty Silver is cheap

Bill Murphy calls for silver at $400 : ...well if you are looking to what James has said if you are looking for 400 dollars ( silver ) the answer is yes , and as I mentioned earlier and I talked about a lot this year I think we are into an unprecedented situation there is no telling of what gonna happen over night , even today , having done this all day everyday for twelve and half years now it is just stunning but what I have heard the price did because they know that this is following Ben Bernanke's press conference and what the FED had to say , this is a massive obvious repudiation of that , this is the last thing that these people want so , and the more the gold price goes up the more the average person says I want to buy but I cannot afford gold so I want silver and the short position is getting strangled and it is getting worse ....James Turk : ...as long as Gold Silver ratio is higher than twenty Silver is cheap , and as long as silver is in backwardation , Silver is cheap , or something else can happen which is something that we all have to consider the paper market is going to lose its importance as price discovery mechanism it goes back to my comment at Mises about government and politicians destroying the market but they do not understand how they work , the paper market is being destroyed that's what backwardation is telling us , it's no more reliable you have to look what's happening in the physical market , and the physical market is unbelievably tight , because there is just a little amount of physical silver and a huge amount of paper out there.......




Bill Murphy (http://gata.org/) and James Turk talk about how undervalued double-digit silver is and reiterate James' target of 400$ silver.

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 : GOLD $8,000 & SILVER $400 between 2013 and 2015

James Turk : ...well let's step back and look at the long term point of view I am sticking to my long term forecast that sometime between 2013 and 2015 Gold will be about $8000 and ounce and Silver will be about $400 an ounce , the ratio between the two metals will be 20 ounces of silver to buy one ounce of gold , I made this forecast back in October 2003 , obviously when the price of gold and silver was much much lower , the point I am making is that we are in a financial bust and during a financial bust like the one we have been in for several years and still few more years to go people move out of financial assets and move into tangible assets because they are looking for a safe heaven , they want to avoid counter party risk and the safest of all heavens are the precious metals because they are tangible assets with no counter party risk , so for the longer point of view we are still heading into a much much higher , you mentioned the way I approach the market which is to continue accumulating , do not view gold as an investment it really is not an investment because it does not generate cash flow it's really money and when you accumulate gold you are actually saving money and saving money is a good thing , at some point in time in the future we are gonna take these savings and either invest them or we gonna spend them or just continue to hold them , at some point in time in the future gold will be at the maximum and you want to take advantage of everything that you are saving now through the these difficult economic and financial times , in regard to the short term , I am looking for a a pop up in gold price this summer and it relates back to what happen in the summer of 1982 when the Mexican government defaulted on its debt and it sent gold up 50 percent in three months and a double in six months , the circumstance today is very similar , the government ready to default though is not Mexico , it's Greece Portugal Ireland may be even Italy who knows , any number of countries that will be defaulting on their debt and when that happens I think that could really light a fire out of the Gold price so ...be prepared for an upside jump in the gold price this summer ....

James Turk : Gold is a sterile asset

James Turk :...the Euro is not the Deutschmark the ECB is not the DeutschBank once you recognize that and understand that you'll understand the reasons why you need to own gold and silver to help protect your wealth and assets against the tough times that we got coming . James Turk Compares Gold's annual rate of exchange against 9 major currencies : The US Dollar the Canadian Dollar the Australian Dollar the Chinese Yuan The Euro , The Indian Rupee The Japanese Yen The Swiss Frank and the British Pound ....Gold is without a doubt one of this decade's best performing asset classes ...very few years in this table when gold actually lost value against any of these currencies , we had double digits rates of appreciations against all of the world's currencies ...this is a very simple way of preserving your purchasing power just hold GOLD...this rates of appreciations are going to continue...Gold is not volatile , the volatility comes from the currencies...gold is not investment Gold is Money , Gold is not an investment it is a sterile asset cause it has no cash flow attached to it that's why it is money , now there are two things you can do with money either spend it or save it , presently because gold is so depressed you should save it until 2013 - 2015 when James Turk prognosticates a gold price of $8000 an ounce then you can start spending your gold and buy undervalued assets and we will be riding the next boom bust cycle ...Gold does not increase your wealth it preserves your wealth , Gold does what money is supposed to do it is supposed to preserve purchasing power over time , The US is heading towards an Argentine type of hyperinflation



One could argue that with the paper manipulation in the gold and silver markets, holding physical gold and silver will BOTH preserve wealth AND create wealth.


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

James Turk : gold is money not an investment

James Turk :...the Euro is not the Deutschmark the ECB is not the DeutschBank once you recognize that and understand that you'll understand the reasons why you need to own gold and silver to help protect your wealth and assets against the tough times that we got coming . James Turk Compares Gold's annual rate of exchange against 9 major currencies : The US Dollar the Canadian Dollar the Australian Dollar the Chinese Yuan The Euro , The Indian Rupee The Japanese Yen The Swiss Frank and the British Pound ....Gold is without a doubt one of this decade's best performing asset classes ...very few years in this table when gold actually lost value against any of these currencies , we had double digits rates of appreciations against all of the world's currencies ...this is a very simple way of preserving your purchasing power just hold GOLD...this rates of appreciations are going to continue...Gold is not volatile , the volatility comes from the currencies...gold is not investment Gold is Money , Gold is not an investment it is a sterile asset cause it has no cash flow attached to it that's why it is money , now there are two things you can do with money either spend it or save it , presently because gold is so depressed you should save it until 2013 - 2015 when James Turk prognosticates a gold price of $8000 an ounce then you can start spending your gold and buy undervalued assets and we will be riding the next boom bust cycle ...Gold does not increase your wealth it preserves your wealth , Gold does what money is supposed to do it is supposed to preserve purchasing power over time , The US is heading towards an Argentine type of hyperinflation

James Turk of the GoldMoney Foundation speaks about currency devaluation and the rising gold price. How the gold price is rising against all major currencies and monetary policy is political, having abandoned all pretense of seeking monetary stability. He warns of the dangers of a hyperinflationary crisis. James also explains why gold should be considered money and not an investment. The presentation entitled " Gold the dollar and the Euro" was held on the 29th of April 2011 in Munich, Germany.
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

James Turk : $400 SILVER between 2013 and 2015

James Turk Director of the GoldMoney Foundation : ...well let's step back and look at the long term point of view I am sticking to my long term forecast that sometime between 2013 and 2015 Gold will be about $8000 and ounce and Silver will be about $400 an ounce , the ratio between the two metals will be 20 ounces of silver to buy one ounce of gold , I made this forecast back in October 2003 , obviously when the price of gold and silver was much much lower , the point I am making is that we are in a financial bust and during a financial bust like the one we have been in for several years and still few more years to go people move out of financial assets and move into tangible assets because they are looking for a safe heaven , they want to avoid counter party risk and the safest of all heavens are the precious metals because they are tangible assets with no counter party risk , so for the longer point of view we are still heading into a much much higher , you mentioned the way I approach the market which is to continue accumulating , do not view gold as an investment it really is not an investment because it does not generate cash flow it's really money and when you accumulate gold you are actually saving money and saving money is a good thing , at some point in time in the future we are gonna take these savings and either invest them or we gonna spend them or just continue to hold them , at some point in time in the future gold will be at the maximum and you want to take advantage of everything that you are saving now through the these difficult economic and financial times , in regard to the short term , I am looking for a a pop up in gold price this summer and it relates back to what happen in the summer of 1982 when the Mexican government defaulted on its debt and it sent gold up 50 percent in three months and a double in six months , the circumstance today is very similar , the government ready to default though is not Mexico , it's Greece Portugal Ireland may be even Italy who knows , any number of countries that will be defaulting on their debt and when that happens I think that could really light a fire out of the Gold price so ...be prepared for an upside jump in the gold price this summer ...."
perhaps by selling your scrap gold through an reputable precious metals exchange among other methods.


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

Victor Sperandeo and James Turk on Silver Market Volatility

James Turk, Director of the GoldMoney Foundation interviews Victor Sperandeo President and CEO of Alpha Financial technologies and a Wall Street trader and financial commentator about what's going on with the Silver Market lately . Victor Sperandeo : the volatility of Silver using the standard deviation of the last ten years it's 32 percent it's more than double the S&P it's far more than the NASDAQ , it is the most volatile object on the face of the earth , the trading algorithms that make money on silver are the long term because they are fundamentally driven , Gold and Silver are long term fundamentally driven objects

John Embry & James Turk on the Physical Silver Shortage

John Embry Chief Investment Strategist at Sprott Asset Management discusses the recent correction in the silver price with James Turk, Director of the GoldMoney Foundation: ....I think the rise to the recent $50 peak believe it or not was justified and it is funny when you read the main stream press everybody is talking about bubbles and how big the crash is going to be , they would not seem to understand the fundamentals I think the fundamentals of silver are impeccable , the fact that we are going through a tough crash is not surprising it's a paper driven COMEX sponsored correction and it's to be expected , I mean if you have been involved in silver market as long as we have at Sprott we're used to these things they are not fun but it is another buying opportunity ... The paper market probably drives the prices most of the time when the physical takes over is when the physical shortage takes place and what's going on right now is very clearly there is a massive short position in...



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

John Embry & James Turk - why you should own Gold and Silver in your portfolio

John Embry Chief Investment Strategist at Sprott Asset Management discusses the recent correction in the silver price with James Turk, Director of the GoldMoney Foundation: ....I think the rise to the recent $50 peak believe it or not was justified and it is funny when you read the main stream press everybody is talking about bubbles and how big the crash is going to be , they would not seem to understand the fundamentals I think the fundamentals of silver are impeccable , the fact that we are going through a tough crash is not surprising it's a paper driven COMEX sponsored correction and it's to be expected , I mean if you have been involved in silver market as long as we have at Sprott we're used to these things they are not fun but it is another buying opportunity ... The paper market probably drives the prices most of the time when the physical takes over is when the physical shortage takes place and what's going on right now is very clearly there is a massive short position in...

John Embry & James Turk - U.S. Dollar on Death Row

John Embry Chief Investment Strategist at Sprott Asset Management believes that the days of the dollar are numbered : I do I look at things mathematically he says , when I look at the budget deficit for example you reach the stage now where expenditures are twice as much as revenues , they are taking in less than 50 percent of what they're spending anytime you seen that in history that mean you by pass the point of no return so I find these debates of how much spending and cuts they gonna have or tax rise or sort of deals budget deficit problems kinda factious because I think they have reach the state in which they can do nothing but monetize to debt because they can't crack it - U.S. Dollar on Death Row





Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

James Turk the Euro wont survive the Dollar

James Turk on how strong is the Euro ? : I want to evaluate each of these 7 points between the dollar and the Euro , number one gold prices rising , it's rising in dollar terms and it's rising in Euro terms and keep in mind to when I am talking about the dollar , what is backing the Euro , you have a little bit of GOLD in the ECB , if it hasn't been loaned out , we do not know much it has been loaned out because the ECB does not disclose that information ...eliminating the old from there what else is backing the EURO ? The DOLLAR , if the US Dollar goes into the black hole the gravitational pool will eventually pull the Euro with it , that's my basic premise ...it might not happen right away , it might take few weeks or few months but unless the Euro creates its own policy separate from the state of the US Dollar , if the US dollar goes into the black hole the gravitational pool will pull the Euro with it .....

James Turk Compares Gold to 9 major Currencies

James Turk Compares Gold's annual rate of exchange against 9 major currencies


James Turk Compares Gold's annual rate of exchange against 9 major currencies : The US Dollar the Canadian Dollar the Australian Dollar the Chinese Yuan The Euro , The Indian Rupee The Japanese Yen The Swiss Frank and the British Pound ....Gold is without a doubt one of this decade's best performing asset classes ...very few years in this table when gold actually lost value against any of these currencies , we had double digits rates of appreciations against all of the world's currencies ...this is a very simple way of preserving your purchasing power just hold GOLD...this rates of appreciations are going to continue...Gold is not volatile , the volatility comes from the currencies...gold is not investment Gold is Money