During periods of financial uncertainty you want to own tangible assets of all sorts

It’s hard to predict exactly when this is going happen. I actually thought 2008, when we saw the collapse of Lehman Brothers and all the problems there that the money bubble was going to pop, but here we are six years later. But, we’re basically in a financial system that is unsustainable. There is too much debt and not enough wealth being created to carry and service that debt. So, my guess is that, in the next year or two we are going to face some very difficult financial situations, not unlike 2008, perhaps even worse.

During periods of financial uncertainty you want to own tangible assets of all sorts. You don’t want to own promises. You don’t want to own financial assets. And, by tangible assets I mean not only physical gold or physical silver but things like farmland, buildings, timberland, things that have productive assets. And, regardless what happens to the monetary system, these tangible assets will continue to produce wealth and I think that’s the key. 


- James Turk of Gold Money

Gold will preserve purchasing power over long periods of time and that’s why I highly recommend

An ounce of gold today buys the same amount of crude oil it did 60 years ago – that’s one of the keys to having a successful sound money. And, for the foreseeable future gold is going to continue to preserve purchasing power. There will be fluctuations from time to time in gold’s price, but gold will preserve purchasing power over long periods of time and that’s why I highly recommend it.

- James Turk of Gold Money
 

The Money We Today as Currency, Is NOT MONEY

People think that what we are using today as currency is money, but it’s really just a money substitute circulating in place of money. Money is a tangible asset. Money is gold and money is silver. That’s the way it’s been for 5,000 years. The bubble has risen because we think that this paper really is a settlement, something that can be used in transactions. But, it’s just a convenience, it really isn’t money in a historical sense.

- James Turk, found of Gold Money
 

I'm a Gold Bullion Kind of Guy

I’m really a gold bullion guy. I don’t really get involved in mining share per se, but I do believe that the mining share are undervalued and as gold goes higher from here, which is what my expectation is, I think the mining shares will go higher as well. But remember, mining shares are an investment and you have risks and things that you don’t have with gold bullion, they are different things when you are looking at one or the other.

- James Turk of Gold Money
 

Gold is Cheap at $1200 per Oz

I think gold is cheap. Even though $US1,200 per ounce sounds as though it’s expensive on a historical basis based on all of my measures, it’s still cheap. It’s still early in this bull market and I think gold is going to be going much higher. My near term target is $US2,000 per ounce and I think we will see that in the not too distant future.

- James Turk via Fin News