Monday, August 14, 2017

James Turk: Using Goldmoney to Preserve Your Wealth


James Turk, founder and chairman of GoldMoney, explains how owing gold with their system works and gives details on how you can preserve your wealth with gold.

- Source, Jay Taylor Media

Friday, August 4, 2017

Stock to flow ratio is key to understanding gold


Ronald-Peter Stöferle, Analyst at Erste Bank, and James Turk, Director of the GoldMoney Foundation, talk about his "In Gold we trust" report. 

They explain why gold's high stock-to-flow ratio makes it very different to commodities. Gold is not consumed, it is accumulated, which is why it is great for monetary purposes. Mine production and supply of gold in general is not very important in setting the gold price, whereas demand for gold is. 

All economic goods are subject to supply and demand, including money, something that many economists overlook. 

The decreasing trust in fiat currencies, which are gold's real competitors, is what really drives bullion prices. It is Gresham's law that we should use to model gold's demand.


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