Wednesday, September 28, 2016
Can Bitgold Inc Help Restore an Honest Monetary System?
Saturday, September 24, 2016
When You Own Gold You Own Money
James Turk joins the Daily Coin where he talks about the values of owning gold in your portfolio. Gold is money, that is what you must know. The current system we are under is a farce and a Ponzi hoisted on the public. The banking cabal controls the system, but gold will eventually break free!
Tuesday, September 20, 2016
James Turk: The Money Bubble & Coming Crash
James Turk is interviewed, where he discusses the ongoing money bubble that is afflicting the markets. We are living in a giant ponzi scheme and it is only a matter of time before this bubble pops. Another crash of epic proportions is on the way, that will send precious metals soaring!
Saturday, September 17, 2016
Paper Assets Evaporate in 2016 Leave Gold & Silver Standing
Join Greg Hunter as he goes One-on-One with James Turk, founder of GoldMoney.com.
Wednesday, September 14, 2016
You don't invest in gold, gold is money
Friday, September 2, 2016
Last Known Gold Deposit? Massive Inflows Continue into Gold Funds
Gold is one of the rarest elements in the world, making up roughly 0.003 parts per million of the earth's crust.
For some perspective, one part per million, when converted into time, is equivalent to one minute in two years. Gold is even rarer than that. If we took all the gold ever mined-all 186,000 tonnes, from the bullion at Fort Knox to India's bridal jewelry to King Tut's burial mask-and melted it down to a 20.5 meter-sided cube, it would fit snugly within the confines of an Olympic-size swimming pool.
The yellow metal's rarity, of course, is one of the main reasons why it's so highly valued across the globe and, for most of recorded history, recognized and used as currency. Unlike fiat money, of which we can always print more, there's only so much recoverable gold in the world. And despite the best efforts of alchemists, we can't recreate its unique chemistry in a lab. The only way for us to acquire more is to dig.
But for how much longer?
Goldman Sachs analyst Eugene King took a stab at answering this question last year, estimating we have only "20 years of known mineable reserves of gold."
The operative word here is "known." If King's projection turns out to be accurate, and the last "known" gold nugget is exhumed from the earth in 2035, that won't necessarily spell the end of gold mining. Exploration will surely continue as it always has-though at a much higher cost.
(In fact, our insatiable pursuit of gold might one day soon take us to space, as President Barack Obama signed legislation in November that permits commercial mineral extraction on asteroids and the moon. Many near-Earth asteroids are said to contain trillions of dollars' worth of precious metals and other minerals. But that's a discussion for another time.)
We'll probably see a surge in mergers and acquisitions, as I told Kitco News' Daniela Cambone last week. I think that as long as they have reliable output, mid-cap companies could be gobbled up by the Barricks and Newmonts of the world.
Another consequence of recovering the last known nugget? The gold price could spike dramatically to levels only imagined. My colleague Jim Rickards, in his book "The New Case for Gold," puts it at $10,000 an ounce. GoldMoney founder James Turk says it's closer to $12,000. There's really no way of knowing how high gold could go.
For some perspective, one part per million, when converted into time, is equivalent to one minute in two years. Gold is even rarer than that. If we took all the gold ever mined-all 186,000 tonnes, from the bullion at Fort Knox to India's bridal jewelry to King Tut's burial mask-and melted it down to a 20.5 meter-sided cube, it would fit snugly within the confines of an Olympic-size swimming pool.
The yellow metal's rarity, of course, is one of the main reasons why it's so highly valued across the globe and, for most of recorded history, recognized and used as currency. Unlike fiat money, of which we can always print more, there's only so much recoverable gold in the world. And despite the best efforts of alchemists, we can't recreate its unique chemistry in a lab. The only way for us to acquire more is to dig.
But for how much longer?
Goldman Sachs analyst Eugene King took a stab at answering this question last year, estimating we have only "20 years of known mineable reserves of gold."
The operative word here is "known." If King's projection turns out to be accurate, and the last "known" gold nugget is exhumed from the earth in 2035, that won't necessarily spell the end of gold mining. Exploration will surely continue as it always has-though at a much higher cost.
(In fact, our insatiable pursuit of gold might one day soon take us to space, as President Barack Obama signed legislation in November that permits commercial mineral extraction on asteroids and the moon. Many near-Earth asteroids are said to contain trillions of dollars' worth of precious metals and other minerals. But that's a discussion for another time.)
We'll probably see a surge in mergers and acquisitions, as I told Kitco News' Daniela Cambone last week. I think that as long as they have reliable output, mid-cap companies could be gobbled up by the Barricks and Newmonts of the world.
Another consequence of recovering the last known nugget? The gold price could spike dramatically to levels only imagined. My colleague Jim Rickards, in his book "The New Case for Gold," puts it at $10,000 an ounce. GoldMoney founder James Turk says it's closer to $12,000. There's really no way of knowing how high gold could go.
- Source, Frank Holmes via Nasdaq
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