InvestorMind

With tremendous volatility in global markets, today King World News interviewed James Turk out of Europe. Turk told KWN that we are headed into an extraordinarily dangerous time for both the markets and the financial system, that will end in a massive panic. Here is what Turk had to say about what is taking place: “Today was a very important day, Eric, because gold was strong while the stock markets were weak. This is a trend I expect to continue, and one that will baffle many financial analysts, going forward, that don’t understand this type of cycle.” James Turk continues: “I was hoping to see more strength in the precious metals at the end of last week, Eric, given the pummeling gold and silver were given. But I guess that was too much to ask for with July option expiry this week. Having driven the price of gold and silver down to this low level, I assume the paper-shorts will try to keep prices as low as possible, in order to maximize their profit by having calls they sol...

James Turk speaking at the 2012 Vancouver Resource Investment Conference on January 23, 2012.

Today James Turk informed King World News that a Greek default is imminent and investors should expect this rolling financial crisis to continue to propel gold higher. Here is what Turk had to say about the ongoing crisis and what to expect going forward: “I think the key item today is a Greek default looks imminent. The various parties are in the final stages of negotiating terms. They have now reached an impasse. Basically, the German government and the international institutions involved are insisting that the private lenders take a bigger loss and lower interest rate on the new bonds they are to receive.” James Turk continues: “Ironically, Greece itself is in the middle of this tug of war. But regardless of the outcome, what the negotiators are missing is that Greece does not have the capacity to repay even the reduced amounts being negotiated. So some kind of default looks inevitable, Eric, which in turn will ramp up the pressure on other over-leveraged governments arou...

Today James Turk informed King World News that we are now headed into a vortex, and the Lehman event was a warm-up to a much deeper, widespread crisis and collapse which lies ahead. Here is how Turk described the warning signs and what to expect: “There are all of these warning signs out there and few people are paying attention. For example, hardly anyone cares that the US has lost its AAA rating and most dismiss it as a non-event. But even a cursory look at the US government’s financial position should raise investors concerns that it will not be able to meet all of its obligations.” James Turk continues: “Here in Europe there have been a slew of downgrades of sovereign debt, with France losing its AAA standing. Yet few question the solvency of the ECB, which has purchased over 200 billion euros worth of paper from governments whose credit ratings are seeing a steady series of downgrades. Another example is MF Global. Can people really believe the regulators and MF Global...

With 2012 off to a solid start, King World News wanted to do a gold & silver special with James Turk for KWN readers globally. All we can tell you is Turk came through in a very big way. Turk discussed gold, but let’s start off with what he had to say about silver: “Whenever I look at silver I keep going back to the wonderful blog piece you wrote on October 18th, titled, ‘Is Silver the Next Apple?’ That long-term chart of Apple conveys an important message. Despite five major corrections, over ten years, shares of Apple, nevertheless, rose 70 fold. If you were shaken out on any of those corrections, you would have missed one of greatest bull moves in history.” James Turk continues: “So that KWN readers globally can get a visual of how violent some of the corrections in Apple have been, I am including a long-term chart of AAPL below.  As was mentioned in your October 18th piece, there were five major corrections in Apple, ranging from 27% to 82%, which long-term inv...

With continued fears about the situation in Europe and gold and silver prices stabilizing, today King World News interviewed James Turk out of Spain to get his take on the situation. When asked about the ongoing crisis, Turk responded, “There is some stunning news today here in Europe, Eric. In an attempt to ease the dire liquidity situation affecting European banks, the ECB announced a 490 billion euro, three year financing. This is back door quantitative easing and clearly shows the money printing mentality at the highest levels of the ECB.” James Turk continues: “The bad news is that this huge amount of funding does not provide the banks with sufficient liquidity, and the ECB has already announced another three year financing will take place in February. Clearly the ECB thinks the liquidity strains are not going to disappear in the foreseeable future. It is extraordinarily unusual for a central bank to lend money for more than a few weeks. This illustrates how desperate th...

Johann Saiger, Editor of Midas Investment Report, and James Turk, Director of the GoldMoney Foundation, meet in Munich and talk about the price of gold. Johann Saiger explains that he has been very bullish on gold for the past 10 years and remains very bullish. However he warns that the sovereign debt crisis poses deflationary dangers, which could set gold back temporarily. He says that we are walking on a tightrope between deflation and hyperinflation and that after a short deflationary shock central banks will overreact with money printing. They talk about gold and silver being very undervalued, even compared to its previous high in 1980, once it is adjusted for inflation. They also talk about the dow/gold ratio as a way of measuring gold's value. They talk about the price of gold. James Turk explains how gold woke him up in the 1960s to the fallacies of his economic education. They talk about the history of gold, since the gold coins first minted by King Croesus of Lydia and ...

In this video Chris Martenson - economic analyst at http://chrismartenson.com and author of The Crash Course and James Turk, Director of the GoldMoney Foundation talk about the problems facing the eurozone as well as the global economy. Chris Martenson points out that the whole world simply has too much debt. This is why he believes that there won't be a real solution to the euro crisis. The big question will rather be who will take losses on the debt, which can't possibly be repaid. The lack of political leadership and unwillingness to accept reality is contributing to this crisis. Additionally, the monetary tools central banks have traditionally used to revive economies are starting to show less and less effect. In Martenson's view, the financial sector has become way to large and interlinked across borders, so that a default by one country could bring down the whole financial systems, because credit default swaps would get triggered and could bring down the writers of th...

Interview with James Turk, founder of Goldmoney Foundation.

“So the contagion is the first reason for concern. The second reason for concern is it’s taking so long for them to find this so called missing money, which I find shocking. It’s been three weeks now since the MF Global bankruptcy was declared and they started talking about $600 million of missing funds. So I’m not too surprised that now they are talking about $1.2 billion of missing customer funds. I think they are just trying to delay the inevitable as to how bad the situation at MF Global really is. I go back to compare it to Refco, which I think collapsed back in 2005. The interesting thing is that there were huge losses in Refco and people ended up going to jail as a consequence of the fraud and misuse of funds and faulty accounting within Refco. But the customer money was safe and was returned to customers within a matter of days, unlike what we are seeing today with MF Global. This thing has been dragging on and contagion is always the real issue in a inter-linked fin...

James Turk, Director of The GoldMoney Foundation, talks to Jim Sinclair, host of http://www.jsmineset.com/, about his successful gold price predictions, US debt problems, how to ride the trend and the second phase of the gold bull. It's a gear change from arithmetic to exponential growth as public perceptions about the safety of the US dollar changes. The debt ceiling debate is a wake up call for people all over the world. The video was recorded on August 5 2011 at the GATA conference in London.

In this video, recorded August 4 2011, Eric Sprott, Chairman of Sprott Asset Management, and James Turk, Director of the GoldMoney Foundation, talk about how there isn't enough silver in the silver market to back existing "paper silver" commitments. Sprott thinks that "silver will be the investment of this decade". Stay tuned to GoldMoney Research for the rest of James Turk's interview with Eric Sprott, which will be released shortly.

James Turk Founder & Chairman of Goldmoney.com in an interview with King World News was asked if he we have seen the lows in gold and silver. James Turk replied “The sharp rally that occurred today off of those support zones suggests to me that the correction is over. In other words we are going to see silver back above $40 and gold above $1,550 within the next couple of weeks. Everything is all set for new record high prices in both metals this summer, which is going to surprise a lot of people. I just think that people don’t really understand what can happen this summer. We’ve spoken before about the summer of 1982 when the gold price rose 50% from June to September, propelled back then by the Mexican debt default. There are so many potential debt defaults going on today it is hard to figure out which one will be the tipping point. But whether it is Greece or Ireland or someone else it doesn’t really matter Eric, it will be a clear sign that today’s fragile monetary sy...

Very interesting discussion on gold price manipulation, GATA.org by James Turk, founder of Goldmoney.com and Mike Maloney of Goldsilver.com.