Tuesday, July 30, 2013

Physical Metals Are Cheap

"The physical market is starting to drive the price of the metal, rather than what we have seen the past several months where paper selling drove gold and silver prices to abnormally low levels. The bottom line, Eric, is that in a year or two when we look back at today, we will marvel at how cheap the prices of physical gold and physical silver plummeted to."

- James Turk via King World News:

Sunday, July 28, 2013

Western Central Planners Will Ultimately Fail

"The dis-hoarding by central banks has caused the gold price to drop precipitously, but the central bank's use of gold makes clear gold's greatest attribute, which is the exceptional liquidity gold provides. Gold is money, and in this case it is rainy-day money in the sense that if I am right about how it is being used here, it is giving insolvent banks a lifeline. 
The net result is that gold continues to flow from the West to the East where it is more highly valued. But even if desperate Western central banks are dis-hoarding gold in order to bail-out insolvent commercial banks, don't take your eye off the ball. Keep accumulating physical gold and silver because they have always stood the test of time as the world’s only true money. All of these schemes by Western central planners will ultimately fail and the current financial system will end in disaster. As the system implodes, one of the only things left standing will be physical gold and silver."

- James Turk via King World News:

Friday, July 26, 2013

Demand for Physical Gold and Silver is Extraordinary

James Turk of Goldmoney.com predicts, "It's inevitable you are going to see bail-ins as we go forward from here because the capital just doesn't exist." He also says gold is going much higher in a scramble for tangible assets. Turk points out, "The problems we've been confronting the past several years haven't gone away . . . governments have been trying to buy time, but they aren't coming up with any solutions."

- Source, USA Watch Dog:


Wednesday, July 24, 2013

Gold, Silver and the Coming Debt Crisis

James Turk of Goldmoney.com discusses gold silver and the coming debt crisis.

Friday, July 19, 2013

Cyprus A Wake Up Call

In this documentary we have tried to capture the thoughts and feelings of Cyprus residents after their bank accounts were frozen in March 2013. We've also asked them to think about alternative ways to see and use money. We'd like to thank them for their participation.

We believe everyone should have the right to choose their own currency.

- Source, James Turk Gold Money and Bitcoin Magazine:


Wednesday, July 17, 2013

James Turk - The US Economy and Gold

James Turk joins Jim Puplava on Financial Sense. He discusses the stagnant US economy and the stubborn unemployment rate. Of course he also discusses gold.

- Source, Financial Sense:

Saturday, July 13, 2013

The Dark Side of QE

"Interest rates are rising because of QE. We have reached a tipping point, meaning that QE can no longer keep interest rates from rising. The market is now focusing on the dark-side of QE, which is the inflationary consequences of all this money printing.
Rising interest rates with QE ongoing means that we have reached the stage where the Fed has now lost control. This result was inevitable because market forces always beat central planners and its groupies in the end. Only the timing of this event could not be predicted."

- James Turk via King World News:

Thursday, July 11, 2013

People Are Still Looking For An Economic Recovery

"There are two major events under-way which everybody should be paying close attention, Eric. The first one is rising interest rates. You and I have already focused on this point to some extent, but we saw another huge surge in rates to a new multi-year high after the unemployment report on Friday, which is very telling. We need to look at this rise in interest rates in relation to an economy that is barely crawling along.

Here we are nearly five years after the 2008 collapse, yet people are still looking for an economic recovery...."

- James Turk via a recent King World News interview, read the full interview here:

Tuesday, July 9, 2013

Why the Selling Frenzy in Gold?

"Even though Western central banks killed the gold price during the last couple of months with their dis-hoarding we do not yet know precisely why they killed the gold price. What did the central planners want to accomplish by dis-hoarding so much metal in such a short period of time?

Of course we know the obvious reasons, like trying to keep people in national currencies, and the various risks these currencies involve, particularly the risk of keeping money on deposit in banks. Reasons such as these have been in play for more than a decade as the central planners have attempted to hold together a financial system that is no longer sustainable because of insolvent banks, unmanageable levels of debt and governments that cannot control their spending. These reasons have been well documented by the various analysts whose work has been published at places such as GATA and King World News.

But we have never before seen such a massive amount of dis-hoarding from central banks in such a short period of time. Given that the central bankers all recognize the importance of gold as a key monetary asset on their balance sheet and one they only sell gold reluctantly, why did they do it? Why the selling frenzy? And why right now?"

- James Turk via King World News:

Sunday, July 7, 2013

Return to Sound Money

"The outlook for gold and silver remains very bullish, and will continue to be as long as central planners intervene in markets, instead of taking the prudent course which is to return to sound money based on precious metals."

- Source Gold Money:

Friday, July 5, 2013

Deplorable Policy Ushered In

"Beginning in the 1970s, countries around the world led by the United States began pursuing monetary policies that no longer encouraged savings. The relatively sound money that had previously prevailed, when it was said that the “dollar was as good as gold”, gave way to deplorable policy that ushered in decades of money debasement. Currency as a consequence has lost purchasing power over time, and the interest that banks pay on savings accounts has not sufficiently compensated the saver. In other words, even though the nominal value of a savings account rose from the interest income being earned, the overall purchasing power of the money being saved was losing value."

- James Turk via a recent Gold Money article:

Wednesday, July 3, 2013

500 Tons Of Gold Now Being Moved Each Month!

"There have been bottlenecks in moving metal, which is clearly flowing from West to East. Supply from mining in the West, excluding Russia and China which do not export their production, is about 160 tons per month. In addition, there may be another 50-to-80 tons per month of gold already in the aboveground stock which moves around as a result of normal flows among countries and changing demand for different gold products. 
But I estimate that recently over 500 tons per month have been moving around. This has had the effect of creating some transportation bottlenecks. The transport providers have not been able to cope with this remarkable development. Similarly, the refiners have not been able to cope with the historic level of demand by fabricating the metal needed to meet the frantic buying, even though they are operating 24/7. So we have to ask ourselves, where is all this metal coming from?"

- Source, James Turk via a recent King World News interview: