TRACKING THE FOUNDER OF GOLDMONEY, SILVER & GOLD VIGILANTE, JAMES TURK - AN UNOFFICIAL EDITING OF HIS INVESTMENT COMMENTARY
Friday, June 29, 2012
End of the Road Film - Featuring James Turk
James Turk is featured in the new film "End Of The Road", which is now out and has been released for public viewing, this film also features Mike Maloney alongside Peter Schiff, Jim Rickards, Jim Puplava, Eric Sprott and more.
Wednesday, June 27, 2012
Capital Controls and Gold Smashed
James Turk was recently interview by King World News. In this interview they discuss such things as Capital controls, the current ongoing panic in the financial systems, The Great Depression and of course Gold and Silver.
Listen to the full interview here:
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2012/6/22_James_Turk.html
Listen to the full interview here:
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2012/6/22_James_Turk.html
Friday, June 22, 2012
They are Saving QE for Another Major Crisis
“Operation Twist is just kicking the can down the road. The Fed felt it had to do something, but it’s getting so close to the election that I think they decided not to do QE at this time. The other thing is they are probably saving QE for another major crisis, whether it’s a bank failure, a derivative blowup or something of that nature."
- James Turk, via a recent King World News interview:
Monday, June 18, 2012
James Turk Interviews Folker Hellmeyer and Talk about Europe, Inflation and Gold
"In this video Folker Hellmeyer, chief analyst at Bremer Landesbank, and James Turk of the GoldMoney Foundation, talk about the problems facing the eurozone and the coming pick up in inflation. Hellmeyer doesn't see a recession coming in Europe. However he believes that inflation will pick up and go back to the levels of the 1980s."
Monday, June 11, 2012
John Embry and James Turk on why the Gold Bull Market isn't Over
James Turk and John Embry discuss recent volatility and panic in the gold and silver markets. According to John Embry markets are now highly oversold. He mentions the "leap day slaughter" and the counterintuitive situation in which gold and silver prices went down on the backdrop of negative economic news and money printing. Natural selling followed forced selling.
Embry thinks the bottom is being tested right now and that there's a lot of upward potential with limited risk. He notes that if you're negative on gold, you must be bullish on currencies, which doesn't make sense in the current environment.
James notes the media's negative sentiment towards gold lately, which has scared people away from the metals. He also notes that the banking system is falling apart in Europe, which should boost gold's status as a safe haven asset.
For a complete description of this video go to:
http://www.goldmoney.com/video/john-embry-and-james-turk-on-why-the-gold-bull...
Wednesday, June 6, 2012
We do Not Need QE3 to Make Gold and Silver Soar
"We do not need any QE to make gold soar if we are entering into a fear event. But if the central planners try to paper over the insolvency of governments and many of the big banks with more money printing, gold, silver and the mining shares will rocket even higher than I can imagine.
After all, when fear of losing your money in a banking collapse and government insolvency becomes the foremost driver of investor thinking, the sky will be the limit for gold and silver.”
After all, when fear of losing your money in a banking collapse and government insolvency becomes the foremost driver of investor thinking, the sky will be the limit for gold and silver.”
- James Turk via a recent King World News Interview:
Sunday, June 3, 2012
This Coming Disaster Will Be Worse Than Lehman 2008
“The global financial situation is really starting to spin out of control, Eric. It won't be long now before the Federal Reserve, ECB, Bank of Japan and Bank of England start more QE in an attempt to keep global stock markets from imploding and causing another Lehman Brothers collapse.”
“But let's call QE what is really is, which of course is ‘money printing’. And clearly, while all that new money won't solve the problem of bank and government insolvency, Eric, you can be sure it will do one thing -- it will send gold higher.
The likelihood of more money printing may in fact be one reason that gold and the mining shares are starting to hold their own. In other words, gold and the mining shares have been generally rising -- or at least, only going down a little -- when the overall stock market is dropping....
“But let's call QE what is really is, which of course is ‘money printing’. And clearly, while all that new money won't solve the problem of bank and government insolvency, Eric, you can be sure it will do one thing -- it will send gold higher.
The likelihood of more money printing may in fact be one reason that gold and the mining shares are starting to hold their own. In other words, gold and the mining shares have been generally rising -- or at least, only going down a little -- when the overall stock market is dropping....
- James Turk via a recent King World News interview:
Monday, May 28, 2012
Bank Runs in Greece Picking Up
Greece has been in a situation where the bank run has been ongoing for about two years, but last week it really started picking up some momentum. The latecomers are starting to get some serious money out of Greece and move it into the rest of Europe.
Richard Russell, many years ago, made a very interesting statement. He’s someone who actually lived through the Great Depression. He said that, ‘Coming through the Great Depression, the survivor is the person who loses the least.’
That’s something that we should be thinking about. How do we protect our assets here? How do we protect our wealth and our purchasing power? I keep coming back to gold’s 5,000 year history as money. I keep coming back to specifics. What was the way to survive the Great Depression in the 1930s? It wasn’t to have your money in a bank, it was to have gold and silver. We are still in major bull markets for gold and silver.
Richard Russell, many years ago, made a very interesting statement. He’s someone who actually lived through the Great Depression. He said that, ‘Coming through the Great Depression, the survivor is the person who loses the least.’
That’s something that we should be thinking about. How do we protect our assets here? How do we protect our wealth and our purchasing power? I keep coming back to gold’s 5,000 year history as money. I keep coming back to specifics. What was the way to survive the Great Depression in the 1930s? It wasn’t to have your money in a bank, it was to have gold and silver. We are still in major bull markets for gold and silver.
- James Turk via a recent King World News Interview. Read the full interview here:
Wednesday, May 23, 2012
Important Chart Suggests Massive Move for Silver & Gold
"I think this summer is shaping up to be a repeat of last year, with solid strength in both gold and silver. But in contrast to last year, Eric, I expect that the precious metals will keep climbing until year-end. The reason of course is that the underlying fundamental factors that have been driving gold and silver higher for more than a decade remain bullish. If anything, they get more bullish by the day.
The bank runs here in Europe are just one example of people looking for a safe-haven for their money, and the precious metals are of course the best safe-haven because they do not have counterparty risk. They enable you to take your wealth out of the system, which is what needs to be done because the slow-motion train wreck that is the global financial system is picking up speed.
So the long-term trend for gold and silver remains bullish. You and I have discussed many times how important it is to stay with the major trend. We have often quoted Jesse Livermore's wise advice in this regard. The other thing you and I have done is regularly compare silver to Apple to highlight silver's upside potential."
- James Turk via a recent King World News Interview:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/5/22_Turk__Important_Chart_Suggests_Massive_Move_for_Silver_%26_Gold.html
The bank runs here in Europe are just one example of people looking for a safe-haven for their money, and the precious metals are of course the best safe-haven because they do not have counterparty risk. They enable you to take your wealth out of the system, which is what needs to be done because the slow-motion train wreck that is the global financial system is picking up speed.
So the long-term trend for gold and silver remains bullish. You and I have discussed many times how important it is to stay with the major trend. We have often quoted Jesse Livermore's wise advice in this regard. The other thing you and I have done is regularly compare silver to Apple to highlight silver's upside potential."
- James Turk via a recent King World News Interview:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/5/22_Turk__Important_Chart_Suggests_Massive_Move_for_Silver_%26_Gold.html
Tuesday, May 15, 2012
Bankers are Running Scared!
Because so many banks are on the verge of insolvency or have already reached that state. So they are not lending. They are still way over-leveraged and trying to work off all the bad loans they still have on their books.
Because it is difficult for companies to finance their operations, economic activity, pretty much everywhere throughout the EU, continues to contract. This in turn is causing more bad loans at the banks and yet more contraction of bank loans to businesses.
This downward spiral has all the outer appearances of being a deflationary collapse, except that inflation in the EU is rising, not falling. This presents an interesting conundrum...
Because it is difficult for companies to finance their operations, economic activity, pretty much everywhere throughout the EU, continues to contract. This in turn is causing more bad loans at the banks and yet more contraction of bank loans to businesses.
This downward spiral has all the outer appearances of being a deflationary collapse, except that inflation in the EU is rising, not falling. This presents an interesting conundrum...
- Read the full interview at King World News here:
Saturday, May 12, 2012
The Tax Eaters!
James Turk was recently interviewed by King World News. In this must listen to interview, Turk discusses such topics as Gold, Silver, European troubles and how the governments of the world are leading us down a path of ruin.
Listen to this full interview at King World News, here:
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2012/5/8_James_Turk.html
Listen to this full interview at King World News, here:
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2012/5/8_James_Turk.html
Tuesday, May 8, 2012
Turk - Gold & Silver Bottoming as Euro Troubles Reemerge
"They have run out of money and run out of borrowing capacity. Most lending to governments comes from banks buying their government's bonds. But banking problems are worsening as the European economy, already in recession, slides deeper under water.
I think these election results highlight a growing friction between taxpayers and tax-eaters and indicate a couple of things, Eric. First, there is an unrealistic view in Europe that by soaking the rich, the tax-eaters can continue to strap on the government-feedbag to pay for their socialist policies.
Second, a lot of people simply do not understand that many of the promises made by politicians are going to be broken because they simply cannot be afforded. They will be broken in either of two ways and neither alternative has a happy outcome."
I think these election results highlight a growing friction between taxpayers and tax-eaters and indicate a couple of things, Eric. First, there is an unrealistic view in Europe that by soaking the rich, the tax-eaters can continue to strap on the government-feedbag to pay for their socialist policies.
Second, a lot of people simply do not understand that many of the promises made by politicians are going to be broken because they simply cannot be afforded. They will be broken in either of two ways and neither alternative has a happy outcome."
- James Turk, via a recent King World News interview:
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