A Lot of Central Bank Gold is Missing

"GoldMoney's Andy Duncan speaks to James Turk, Chairman of GoldMoney and co-author of The Collapse of the Dollar (2004), about his claim that central banks are holding less in their physical gold reserves than many assume.

James Turk explains the problem that central banks report gold and gold receivables as one line item on their balance sheets. This allows them to lease out physical gold in return for paper claims -- posing the question of just how much physical gold is left.

They also discuss the Gold Money Index and the gold-based Fear Index. Both show that gold remains undervalued compared with historical norms. They talk about how close we are to a "Golden Cliff", where the western central banks stop lending out their gold, and what the systemic repercussions of this are likely to be.

Finally, they assess the chances of Western governments undertaking gold confiscation and capital control measures; the likely amount of physical gold held at Fort Knox; and the reasons behind their prediction of an upcoming failure of fiat paper currency."

- Source:

http://www.goldmoney.com/gold-research.html

The Reason they are Attempting to Make Gold and Silver Look Weak

"On a day like today when the metals are getting pounded by the cartel, it’s important to step back and look at the big picture. And the bottom line here is that we have some tough times coming. We need to prepare for it, and of course the best way to do that is by accumulating physical gold and silver.

The reason they are attempting to make gold and silver look weak here is because these monetary metals will provide the foundation when the monetary system is eventually re-constructed, and the price of gold and silver will be far higher than the numbers they are painting the tape with today. But before that day comes, they need to shake as many people out of these markets as possible so they are victims of the greatest wealth transfer in history, not beneficiaries.”

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

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/12/4_Turk_-_Here_Is_Why_They_Are_Pounding_Gold_%26_Silver_Today.html

Gold and Silver Will Eventually Become Overvalued, but Not Yet

"They (central planners) are running out of ammunition and they are running out of excuses for this system they are keeping together. Ultimately that is going to be reflected in a higher gold price. It (gold) is going to go up in the same way it went up in the 1970s when the US threw in the towel (on gold suppression) back then. Gold is going to go up by a much higher and rapid rate than any of us can envision.

At some point there is going to be a panic, but the panic is going to be by the people who are coming into the market late. I do agree that there is going to be a third stage to this market which will be the speculative blowoff. At some point in time gold and silver are going to be the opposite of where they are now. In other words they are going to become overvalued once again, just like they were in 1980.”

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

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/11/28_Turk_-_Current_Financial_System_To_Implode_Within_24_Months.html

There is a Shortage of Physical Gold

"We look at fundamental analysis, the supply/demand situation and things like that, and we also look at technical analysis, but there is a third analysis that can sometimes be useful and that’s called ‘anecdotal evidence.’

This announcement from India is anecdotal evidence confirming what we've been talking about all along, that there is a shortage of (available) physical gold out there. One of these days, the efforts to keep the price suppressed are going to fall apart."

- James Turk, via a recent three part interview with King World News, this is a excerpt of part two, read the full interview here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/11/27_Turk_-_Gold_Shortage_Forcing_Drastic_Steps_By_Central_Planners.html

LBMA Covering Up Silver Manipulation?

"They (the LBMA) are making it more and more opaque. Less and less information is being made available. Specifically, what’s happened here is that the LBMA had been reporting the silver lending rate and comparing it to the LIBOR rate.

For the past couple of years I have contended that this was a fictitious rate because, in reality, I believe silver is in backwardation. In other words, the future months are below the spot months, and so you should have a negative silver forward rate. But it’s not reported that way on the LBMA site.

They (the LBMA) consistently show a positive silver forward rate. Now, what the LBMA said is they are no longer going to report silver interest rates and silver forward rates....."

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

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/11/27_Turk_-_The_LBMA_Is_Moving_To_Cover_Up_Silver_Manipulation.html

Federal Reserve Pumps Money Into the System

"The Federal Reserve has started the printing presses now that the election is over.

It is beginning to pump some money into the system. Last week it turned $42.5 billion of debt into dollar currency - what is called monetization. Only $2 billion was new cash currency, which are the dollar notes that we carry in our pocket. The rest was deposit currency, which are dollars that circulate within the banking system.

Regardless, both are currency, and they both can juice the system, though deposit currency tends to have a bigger and immediate impact because it circulates more efficiently and usually more quickly...."

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

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/11/19_Turk_-_This_Is_The_Chart_That_Every_Investor_Needs_To_See.html

AD: INVEST BEFORE A CRISIS HIT'S, BECAUSE AFTER IS TOO LATE:

SURVIVAL SUPPLIES | GOLD | JUNK SILVER | KNOWLEDGE | DEFENSE

Liberty and Gold

"In the second half, Max Keiser talks to James Turk of Goldmoney.com about the link between liberty and gold and the shooting war to follow the currency war. The also discuss the gold/silver ratio and why silver today is like gold at $600."

- Source:

http://maxkeiser.com/

This Always ENDS the Same Way Zimbabwe, Argentina... America

James Turk appears on the SGT Report, where gold silver and the coming hyperinflation is discussed. View the full video above.

- Source, SGTReport:

http://sgtreport.com/

The Dow / Gold Ratio is Headed to 1/1

"One of the early victories of central planners has been to fool gold and silver investors into believing that gold and silver can only rise if stocks are rising. But if stocks are plunging, then gold and silver must plunge as well. This is patently false.

The Dow/Gold ratio is headed to 1/1, just like it was in the 1930s, and in 1980 at the end of those two financial busts. In order to achieve this eventual 1/1 parity, gold and silver have to move in the opposite direction of the stock market, just like they did last week.

So don’t be fooled into believing the half-truths of the central planners and those who use government intervention to disrupt the markets. The bottom line is that gold and silver do not need more QE to achieve higher prices. Therefore, I think it is reasonable to look for gold and silver to continue repeating last week's performance by climbing higher as we move to the end of the year, regardless of what happens in the global stock markets.”

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

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/11/12_Turk_-_The_Fed_Is_Playing_An_Extraordinarily_Dangerous_Game.html

The Precious Metals Are at a Low

"The black-box trend followers, which have had their pockets picked time and again, look like they are going to be chopped up with another whip-saw. The precious metals are probably at a low, meaning they will soon reverse and head higher from here. So it’s time to buy to again to start re-building a position."

- James Turk via a recent FOREX Pros article, read the full article here:

http://www.forexpros.com/analysis/gold-and-silver-trading-comments:-november-5,-2012-142312

Weak Hands Get Shaken out of the Market

"These takedowns are intended to have the maximum psychological effect. The best way for the commercial shorts and the central planners to do that is to keep people pondering over the weekend about the big price drop. Big price drops often get some weak hands shaken out of the market, particularly when the weak hands have a whole weekend to worry about it.

It also gets people who intend to buy gold and silver to put off their purchase, either because they are too worried to buy or because they think they might get a lower price if they wait to buy at a later date...."

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

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/11/5_James_Turk_-_Fed_Allowing_Lehman-Type_Blowup_To_Occur.html

Central Banks Are a Barbarous Relic

"A point I have made many times, Eric, is that we must view gold and central banking in their proper perspective. Gold is not a barbarous relic. The real barbarous relic is central banking when it perpetrates State control of money. This control impedes the market process that is an essential part of any free society. Controlling money is like controlling free speech. If a government controls a country’s money, it controls its people."

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

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/10/30_Turk_-_Central_Banks_Now_Scrambling_For_Physical_Gold.html