Category: James Turk

Stock to flow ratio is key to understanding gold

Ronald-Peter Stöferle, Analyst at Erste Bank, and James Turk, Director of the GoldMoney Foundation, talk about his “In Gold we trust” report.  They explain why gold’s high stock-to-flow ratio makes it very different to commodities. Gold is not consumed, it is accumulated, which is why it is great for monetary purposes. Mine production and supply…

The Gold Standard vs A Competitive Monetary System

James Turk and Alasdair Macleod discuss the pros and cons of the gold standard, the benefits of competition between different currencies and the historical role of gold in international monetary systems.  James Turk points out that he is actually not in favour of a classical gold standard as it grants excessive monetary authority to governments…

Pieces of Eight and Constitutional Money

Edwin Vieira talks to James Turk about his book “Pieces of Eight: The Monetary Powers and Disabilities of the United States Constitution”, how it came to be and the new editions and upcoming translations (see James Turk’s review of this book). Edwin explains the role that the gold commission hearings and Ron Paul played in…

History And The Importance of Gold

Gold Bullion is the world’s oldest asset class and the century’s best performing currency. In this brand new GoldMoney Inc roundtable recorded in Toronto, top executives from the company explore the history of gold as currency and how the banking system evolved over time. – Source

The Exchange Stabilization Fund and The Gold Reserve Act

Chris Powell, Secretary/Treasurer of http://gata.org, and James Turk, Director of The GoldMoney Foundation and Founder of GoldMoney discuss the Exchange Stabilization Fund in this video. This fund was established in 1934 as a provision in the Gold Reserve Act. It only answers to the Treasury Secretary and the President. – Source

You Don't Invest in Gold, Gold is Money

James Turk, globally recognized expert on precious metals, joins Kuzman Iliev and Vladimir Sirkarov in the Boom and Bust show on Bloomberg TV Bulgaria to discuss a wide range of investment topics – monetary policy, the new reality of negative nominal yields, investment strategies for wealth preservation, what to consider when investing in gold and…

Backed Currency – A Fairly Recent Phenomenon

Humans have been using metals as money for almost three thousand years. Until fairly recently, historically speaking, gold, silver and other metals were the basis for money all over the world. Over the last couple of centuries, money lost its exclusive form of gold and silver coinage. Base metal coins and paper money, whose values…

A New Bull Market in Gold?

James Turk is widely respected as one of the true legends of the gold market, with over 40 years in the business. In conversation with Grant Williams, James looks back on his career, which is entwined with the modern history of gold, examining the potential for the next break to the upside and what comes…