Building Empires of Gold

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

Building Empires of Gold

Gold ·
Featuring James Turk

Published on: May 29th, 2017 • Duration: 62 minutes • Asset Class: Cash, Commodities, Currencies • Topic: Gold, Financial System

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.

Comments

  • KS
    Kathleen S.
    20 December 2018 @ 02:09
    I learned about Gold and Silver when my Grandmother died. My Grandmother died in 1992 and when she died my father told his five children that they could take anything from their Grandmother's house that they wanted, but in order to take it - they had to help clean out her little bungalow. Well, this was a tiny shack that her and my Grandfather had built way back in 1940 and we all thought there was nothing of value in it ???? Well, my 18 year old youngest brother (a really good guy) cleaned her house out and in her bedroom when he pulled up an old rug he saw a loose plank -- he pulled up the plank and found $1,000 (ten 100 dollar bills with dates from 1967 - the year she moved from her apartment in the Bronx to her lake house.) If she had been allowed to own gold rather fiat US dollars that $1,000 would have been worth $9,600. My Grandmother was an Irish Immigrant and worked as a maid -- for her to earn that thousand dollars she saved - she had to work many hours and gave up these hours of her life to secure something for her future --THIS WAS STOLEN FROM HER, BY AN ELITE GLOBALIST BANKING CABAL - most who grew up in privilege and never had to do the labor that she was forced to do in order to survive. How dare these disgusting class of elites take fromt the most vunerable and hardest working, but this is exactly what they did when they are legally allowed to create fiat currency. Their day of reckoning will come and the billionaire banking class needs to be held accountable for what they have stolen and for the suffering they have placed upon the world. I believe in a RULE OF LAW - NOBODY is allowed to deny anyone their Life, liberty or property -- the elites have been doing this by the fiat money creation deception since 1913 and this needs to be exposed.
  • JF
    Jennifer F.
    10 November 2018 @ 05:26
    Absolutely fabulous. I love listening to him. Hopefully we can have him back again soon.
  • JR
    Joe R.
    5 May 2018 @ 15:23
    Great interview, well done!
  • SJ
    Stephen J.
    24 June 2017 @ 03:21
    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 June 2017 @ 20:32
    I hope that humanity lasts long enough to see this endeavor prosper.
  • SB
    Stewart B.
    22 June 2017 @ 20:30
    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 June 2017 @ 13:57
    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 June 2017 @ 01:53
    Very enjoyable. Very informative.
  • DS
    David S.
    18 June 2017 @ 20:00
    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 June 2017 @ 03:50
    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 June 2017 @ 09:48
    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 June 2017 @ 16:15
    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. | Contributor
    4 June 2017 @ 11:11
    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 June 2017 @ 11:17
    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 June 2017 @ 05:48
    Great perspective thanks RV
  • SS
    Steven S.
    1 June 2017 @ 20:33
    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 May 2017 @ 17:35
    Great industrial site for the interview. Very dark and mysterious. Perfect for the topic.
  • CH
    Curtis H.
    31 May 2017 @ 00:16
    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 May 2017 @ 22:16
    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 May 2017 @ 13:14
      I was wondering the same exact thing..
    • EF
      E F.
      2 June 2017 @ 02:48
      pretty sure he misspoke
    • IA
      Igor A.
      7 June 2017 @ 00:15
      he misspoke
    • SB
      Stewart B.
      22 June 2017 @ 20:31
      Yes, I wondered the same. Think he misspoke.
  • SS
    Sam S.
    30 May 2017 @ 21:17
    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 May 2017 @ 09:24
      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 May 2017 @ 20:53
    What a brilliant interview.
  • MV
    Matt V.
    30 May 2017 @ 20:40
    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 May 2017 @ 19:48
    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 May 2017 @ 15:00
    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 May 2017 @ 09:27
      What are you gonna do with it when it's near home, may i ask?
    • TM
      The-First-James M.
      5 June 2017 @ 09:52
      Have it in your own possession with no reliance on any counterparty to hold it for you.
  • LA
    Linda A.
    30 May 2017 @ 03:58
    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 May 2017 @ 03:19
    Experience. Clarity. Vision. Wisdom. What more could you want? Brilliant interview.
  • C
    Christian .
    30 May 2017 @ 02:01
    Why no mention of the role of cryptocurrencies in this discussion of sound money?
    • HB
      Heini B.
      30 May 2017 @ 16:34
      A question better put to Roy Sebag than James Turk, you'll find some answers on @roysebag twitter feed
  • T~
    Tshort63 ~.
    30 May 2017 @ 00:26
    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 May 2017 @ 22:49
    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 May 2017 @ 22:05
    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 May 2017 @ 19:36
    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 May 2017 @ 18:29
      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 May 2017 @ 18:40
      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 May 2017 @ 18:39
    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 May 2017 @ 18:24
    Digital gold gifting is already rising in China. Just a thought going forward with cryptocurrencies
  • HJ
    Harry J.
    29 May 2017 @ 15:49
    Did I miss the forecast of future value of Gold?
    • EF
      E F.
      29 May 2017 @ 15:55
      its weight
    • KE
      Kenan E.
      29 May 2017 @ 18:43
      LOL -- an ounce is an ounce is an ounce ;-) (To put it Ferengi-style) @Enrico: Perfect answer!!
    • GS
      Greg S.
      3 June 2017 @ 02:00
      Or a bit is a bit is a bit - until it isn't.
  • GR
    Gregory R.
    29 May 2017 @ 15:08
    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 May 2017 @ 15:05
    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 May 2017 @ 14:30
    Forever an Austrian myself! Mr. Turk is a great interview Grant. Nice work
  • WM
    Will M.
    29 May 2017 @ 14:30
    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 May 2017 @ 14:27
    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 June 2017 @ 01:59
      Did you hear Turk's comment, "we are creating the debt for the third world war."
  • RS
    Rick S.
    29 May 2017 @ 13:40
    Excellent interview. I appreciate the historical perspective that James Turk brings to the subject. Thank you.
  • jS
    jurgen S.
    29 May 2017 @ 12:43
    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 May 2017 @ 12:13
    Very interesting. Thank you RV

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