Building Empires of Gold

Featuring James Turk

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 next when empires of money end. Filmed on May 16, 2017, in London.

Published on
29 May, 2017
Topic
Financial System, Gold
Duration
62 minutes
Asset class
Currencies, Commodities, Cash
Rating
25

Comments

  • JR

    Joe R.

    5 5 2018 15:23

    0       0

    Great interview, well done!

  • SJ

    Stephen J.

    24 6 2017 03:21

    1       0

    A great interview. James Turk is extremely intelligent and humble, you don't often see that. A lot of history and other practical and useful information. I throughly enjoyed it.

  • SB

    Stewart B.

    22 6 2017 20:32

    1       0

    I hope that humanity lasts long enough to see this endeavor prosper.

  • SB

    Stewart B.

    22 6 2017 20:30

    0       0

    Grant has such great questions. I really hope gold money takes off and government doesn't try to get in the way. Thank you.

  • MD

    M D.

    20 6 2017 13:57

    0       0

    Why aren't cryptocurrencies potential replacements for gold, given their shared characteristics of controlled production and scarce nature? Can any RV member direct me to the right interview that addr

  • hh

    henrichs h.

    20 6 2017 01:53

    0       0

    Very enjoyable. Very informative.

  • DS

    David S.

    18 6 2017 20:00

    1       0

    Excellent. Paraphrasing ... "We are on a gold standard as long as we can pay fiat currency for gold. It is just not a government redemption and guarantee”. This is much better because politics will abuse any system. This requires more thought vis-a-vis other hard assets also. DLS

  • NI

    Nate I.

    8 6 2017 03:50

    1       0

    Great interview Grant. You make the viewer feel like they're sitting in the room. I only wish you would have asked about the tax complications connected to gold money. The tax code is the elephant in the room. I own gold; however, tax consequences are my impediment to transacting frequently therein. Please bring that up next time you speak to a gold money principal. Regards, Nate

  • TM

    The-First-James M.

    5 6 2017 09:48

    3       2

    If Jeremy Corbyn is elected in the UK this week, I suspect there's an increased probability that you'll be able to substitute the name "Great Britain" for "Venezuela" within the next four years...

  • RS

    Rob S.

    4 6 2017 16:15

    3       0

    Fascinating, I just finished the bitcoin series. What a difference perspective on money, Goldmoney makes sense to me. Once again RV exceeds expectations

  • VS

    Victor S.

    4 6 2017 11:11

    0       0

    James you look good ! How many people know who john Exter was? The major problem in the world -that is not mentioned- is that central planning has caused every price in the world to be false! Edwin says hello..... my best victor

  • SP

    Sat P.

    2 6 2017 11:17

    0       0

    This one video has made Realvision worth it for me. I've been looking to put my money somewhere other than opening different bank accounts with all of the high street banks for safety. I didn't want to invest in Bitcoin either. This is perfect for me to open an account to diversify my money.

  • GS

    Greg S.

    2 6 2017 05:48

    0       0

    Great perspective thanks RV

  • SS

    Steven S.

    1 6 2017 20:33

    2       0

    This interview resonates with numerous troubling global issues that Central Banks and Political bandaids fail to quell.

    So glad some people are awake to the reasons. The ghosts from depression era generation have found a bridge through Mr. Turk.

    Great work RV.

  • GS

    George S.

    31 5 2017 17:35

    3       0

    Great industrial site for the interview. Very dark and mysterious. Perfect for the topic.

  • CH

    Curtis H.

    31 5 2017 00:16

    2       0

    Thanks to RV for this interview. I would ask for more interviews with these wise financial veterans. We need to get back to the beginning which means that we need their insights.

  • ZC

    Zachary C.

    30 5 2017 22:16

    1       0

    OK. I'm confused. At one point Grant asks James how the price of gold could go below $1,000. James says that it could happen if money substitutes (I guess meaning bank loans, bonds and other credit) were cut in half BUT then James says that would cause the gold price to rise. Does he mean the price of gold would fall and just misspoke? The conversation is from 13 min left to 12 min left. Any help would be appreciated.

    • DN

      Douglas N.

      31 5 2017 13:14

      0       0

      I was wondering the same exact thing..

    • EF

      E F.

      2 6 2017 02:48

      0       0

      pretty sure he misspoke

    • IA

      Igor A.

      7 6 2017 00:15

      0       0

      he misspoke

    • SB

      Stewart B.

      22 6 2017 20:31

      0       0

      Yes, I wondered the same. Think he misspoke.

  • SS

    Sam S.

    30 5 2017 21:17

    3       0

    There's those twilight clouds in the foreground again. Hum? History lesson for sure but I wish Mr. Turk had expressed how he thinks the current environment will play out instead of "I hope we have a smooth future transition to change". If your in the gold business, you're betting or protecting that it's going to be brutal and gold is the winner to preserve value.

    • vt

      vadim t.

      31 5 2017 09:24

      0       0

      the case is when and if it's gonna be brutal gold would be the one of the most useless thing as well as any "bitgoldmoney" . The exact case in which having gold somehow save an "ordinary investor" is the most avoided topic during conversation such as this. And i think i now why...

  • PC

    Pedro C.

    30 5 2017 20:53

    0       0

    What a brilliant interview.

  • MV

    Matt V.

    30 5 2017 20:40

    16       0

    I don't know. I kind of wish there was more pointed questions regarding James calling for higher Gold prices over the last 4-5 years, and why that didn't happen. I remember Raoul asking Brent Johnson something similar to that in an interview 2 years ago, and it was refreshing. I have to be honest, I could've watched a shorter version of this at the King World News website (which I'm not a huge fan of).
    I know I'm flying in the face of all the other positive comments, but I just hope that going forward, when a guest is so far on one side of the boat, it would be more beneficial for everyone involved (viewer, interviewer, interviewee) to challenge their positions more, ask what has gone wrong on their call, have they questioned their position at all, and if not why?....any one else with me?...I'm guessing maybe not.

  • M

    Mark .

    30 5 2017 19:48

    1       0

    James made a very important point that fiat wastes reduces and is hard on the environment. Not enough people get this. Also, he indirectly said that fiat causes social problems because it in effect retards widespread fair trading like there ought to be.

  • KS

    Kim S.

    30 5 2017 15:00

    2       0

    Goldmoney is one of the most sensible pm investments. Much cheaper to buy/resell/transfer than physical in hand and no worries about paper manipulation. Hold a little near home in case of electricity/interrnet problems but otherwise GoldMoney is brilliant.

    • vt

      vadim t.

      31 5 2017 09:27

      0       0

      What are you gonna do with it when it's near home, may i ask?

    • TM

      The-First-James M.

      5 6 2017 09:52

      0       0

      Have it in your own possession with no reliance on any counterparty to hold it for you.

  • LA

    Linda A.

    30 5 2017 03:58

    3       0

    Great history lesson on gold & its link to debt & fiat currencies. The movement towards gold & crypto-currencies is a move away from central banks & govt power. Central banks have been rigging the gold & silver mkts. for the longest time. It feels like central banks' power is now weakening. I hope that we do not suffer like Venezuela. This will be economic collapse.

  • JV

    Jason V.

    30 5 2017 03:19

    2       0

    Experience. Clarity. Vision. Wisdom. What more could you want? Brilliant interview.

  • C

    Christian .

    30 5 2017 02:01

    0       8

    Why no mention of the role of cryptocurrencies in this discussion of sound money?

    • HB

      Heini B.

      30 5 2017 16:34

      2       0

      A question better put to Roy Sebag than James Turk, you'll find some answers on @roysebag twitter feed

  • T~

    Tshort63 ~.

    30 5 2017 00:26

    2       0

    Great discussion, man I love me my gold porn!

    Best description of gold vs dollar, loved it! Gold stays still, fiat bobs up and down...

  • PR

    Paolo R.

    29 5 2017 22:49

    6       0

    This is an incredible video and Jame Turk is a delight to listen to. I've also been a Goldmoney client and I have the piece of mind that my labor and time is stored in a safe place. Thank you real vision for this interview and I hope there will be more to come..

    A+++++

  • GO

    Gary O.

    29 5 2017 22:05

    1       0

    Great interview with someone I follow closely. James Turk is a class act. This is well worth admission.

    Real Vision rocks!

  • AH

    Andreas H.

    29 5 2017 19:36

    2       2

    I give it a thumps up, because I respect the pure concept of fiat bound to gold reserves. I still believe, that the fast innovation really starts after Nixon broke the gold standard. Booms and busts do raise innovation velocity, without first wave internet not Netflix or Facebook, and without no easy fiat money no internet first wave. We live in a world of innovation and fiat money only needs to reflect the value that innovation is creating, gold bound fiat money would hinder this innovation speed, because it would be limited...

    • M

      Mark .

      30 5 2017 18:29

      0       0

      The cost of that is shameful inequality, centralization of corporate and political power every where, and broke government that has way too many dependents.

    • M

      Mark .

      30 5 2017 18:40

      2       0

      The statistic that 66% of all USA citizens aren’t liquid for $2,000 in under a month (something like that) has to be a function of a badly run fiat system.

  • SK

    Shravan K.

    29 5 2017 18:39

    0       4

    Spending decades on an asset class that doesn't necessarily do anything... That's patience... Great piece! Good luck to Gold Money

  • gg

    gurdeep g.

    29 5 2017 18:24

    1       0

    Digital gold gifting is already rising in China. Just a thought going forward with cryptocurrencies

  • HJ

    Harry J.

    29 5 2017 15:49

    0       0

    Did I miss the forecast of future value of Gold?

    • EF

      E F.

      29 5 2017 15:55

      6       1

      its weight

    • KE

      Kenan E.

      29 5 2017 18:43

      0       0

      LOL -- an ounce is an ounce is an ounce ;-) (To put it Ferengi-style)

      @Enrico: Perfect answer!!

    • GS

      Greg S.

      3 6 2017 02:00

      0       0

      Or a bit is a bit is a bit - until it isn't.

  • GR

    Gregory R.

    29 5 2017 15:08

    3       0

    What it boils down to is gold versus ‘key strokes’ issued by central banks. It is the discipline of a hard asset versus the monetary discipline of government. We know how this ends.

  • JC

    John C.

    29 5 2017 15:05

    7       0

    Great video. I like the slightly newer format whereby Grant sums up some of the key points post-interview. I'm long miners, the GDX and SLV so hoping for a breakout in the coming months.

  • SC

    Shane C.

    29 5 2017 14:30

    4       0

    Forever an Austrian myself! Mr. Turk is a great interview Grant. Nice work

  • WM

    William M.

    29 5 2017 14:30

    3       0

    Great piece bringing us back once again to how our financial system is based on government paper but gold represents real wealth.

  • MS

    Matt S.

    29 5 2017 14:27

    2       0

    If in doubt, start a war. Wars have always been massive economic drivers in the past and are the ultimate distraction for governments to divert attention away from their own failings - hence all this "Russia is the enemy" rubbish again. Prepare you air-raid shelters people.

    • GS

      Greg S.

      3 6 2017 01:59

      0       0

      Did you hear Turk's comment, "we are creating the debt for the third world war."

  • RS

    Rick S.

    29 5 2017 13:40

    3       0

    Excellent interview. I appreciate the historical perspective that James Turk brings to the subject. Thank you.

  • jS

    jurgen S.

    29 5 2017 12:43

    16       0

    What a legend! Always interesting. Loved hearing about his background.
    Now just need the patience until history repeats once again. Thanks Grant!

  • ct

    constantine t.

    29 5 2017 12:13

    0       0

    Very interesting. Thank you RV