James Turk "History Will Repeat Itself, $11,000 Gold 2013-2015

[nayanmalig]

in 2009, 20,000 $ gold was forecast in 2012. this is wild forecasting to make people buy. when the people see that prices are not going up that much but fluctuating up & down they get scared & sell. sometimes at a loss. ultimately it's the gold sellers who really benefit.

[kenetra]

gr8 vid...bought Turks book back in 2004 that really was an eye opener for me and started me on my path to tangible assets....started with silver PM @$19-$20/oz

[illusorymail]

Thanks for the graphics. I don't know if I could understand the subject without you dumbing it down for me.

[thereallurker]

There are things cheaper than gold, gold bugs. LOL!

[rolficus]

this isnt isolated to just mf global it is entirely global

[rangeyer]

Turk you must be out of your FUKIN MIND!!!

[rolficus]

bond yeilds are up in europe and investors arnt buying it is said that the banks are leveraged 100-1 globaly with 800 trillion of unfunded liabilities in the system we will see mass deflation before an inflationary move after a reset but as for gold it will be a beacon to disgruntled investors sick of the paper ponzi scheme known as the share market this is going to be a rough ride daniel and like you guys have mentioned before it will be worse than the great depression

[rolficus]

thanks daniel you get great people on your channel thanks for taking the time to get them out on the net

[smasila]

Isn't the failure of MF Global the Lehman event of 2011?

[lilbromarky1]

Banks have 1.68 Trillion in Aggregate reserves and 700 Trillion worth of deratives in existence. There's going to be selling.

[lilbromarky1]

I dont get how Turk can say there's not going to be a liquidity crisis when the banks are levered 50 to 1 on derivatives who's underlying assets are falling value. Keep dreaming Turk. Metals are going to tank again if there's another DOW crash.

[puapake]

James, what would prevent the British government from seizing the gold and silver located in London?

[TheKetsa]

MY gold is in MY OWN possession. thanks.

prepare yourself for : "we are sorry the company went bankrupt"

[christo930]

Fear in the market usually drives people into treasuries, not into volatile commodities like gold and silver.

[quadcatfly]

they use storage facility in London?! Bwha haaaaaaa haaaaa. Say good bye to your gold. It is insured yes.... you will be given paper as an insurance payment for your gold that accidentally went missing.

[TWSceptic]

@quadcatfly Agree, I don't get why people use these services, just keep it with you in a secret place.

[intrinsicification]

From what I understand, the deflationists claim that in this credit crisis, BCC (bank created credit) will simply VANISH as a result of world wide defaults and bankruptcies, and therefore cash will become much more valuable.

Don't you think hyperinflationists ought to address the distinction between "cash" and "credit", and also specifically the "velocity of money"?

[christo930]

@intrinsicification I really don't see how a hyperinflation could happen with the USD.Every bank in the world is heavily exposed to the dollar and I would think the central banks and governments would act to stop it and mop up any excess liquidity. Look at NAZI Germany, they were able to run gigantic deficits and with price and production controls were able to keep inflation at bay. That is the power of gov force and central banks working together. Granted, we aren't NAZI Germany, but still...

[intrinsicification]

@christo930 Yeah, I hear what you're saying. I just wish that the hyperinflationists would get more specific about how all the QE will eventually get into the money supply. We live in a cashless society. In a credit crunch, you'd think all the "money out of thin air" would then dissapear "back into thin air...

[christo930]

@intrinsicification They aren't taking into consideration that every single dollar in existence is a promise to pay from someone else, if I default on a 10k loan, someone else looses that 10k asset. The deflation is going to be the inability to service the debt. It's also going to be very difficult to get money into the economy with such high unemployment and debt levels that already exist. Unemployed people don't get loans and people who can't service the debt they have AREADY can't get loans.

[PeasantofMercia]

@christo930 what are you talking about, the Reichmark did hyperinflate...

[christo930]

@PeasantofMercia The german mark was in hyperinflation from 1923-25, the nazi's took over in 1933, their (the Nazi's) currency never experienced hyperinflation.

[PeasantofMercia]

@christo930 well i guess it must of been because of their facist policies then, they would have got extra income when they took over other nations, but keeping facism going just for keynesian economics is horrid. Austrian School of Economics FTW!

[christo930]

@PeasantofMercia Keynesian economics didn't really exist when the NAZI's came to power and nothing the NAZI's did could be considered Keynesian. They weren't trying to boost aggregate demand, they were trying rearmament and they wanted roads for the easy movement of troops and equipment. They forced women out of the work force and wanted them pregnant. They would give a newly married couple a loan and each kid they had forgave part of the loan. They wanted to grow their population.

[intrinsicification]

Hey Daniel, thanks for making this video. I would however comment that I think you should have asked Mr. Turk a much harder question..

Why not specifically ask him about the deflationist claim that it doesn't matter how much "stimulis" or QE the Fed and others have been doing, because all that extra "credit" just exists on bank balance sheets, and the banks are basically just hoarding it, preventing entry into circulation.

[quadcatfly]

wishful thinking i am afraid. my predictions GOLD = $1200, SILVER = $32 up until around 2015.

[TheLusseyran]

@quadcatfly clown

[Patriotsurvivalist0]

How about Goldman Sachs helping Greece hide their debt and then bet against them. Sound like a familiar theme?

[Mr2wings]

For gold to reach that price (8K-11K) in two years - 4 years the economy will be collapsing world wide.

GOOD VIDEO.

[karenbcz22]

$11,000 Gold ? Great! I can't wait.

He NEVER gave a target price for Silver.

[VictoryIndependence]

Just Released Micro-Doc "Energy Shock"

watch?feature=player_embedded&­v=e5wSHSvIMro

[TheMunkmeister]

here in uk we've had the "we buy gold for cash" shops in every town and city for a couple of years now...I suspect the easy stuff has already been bought up from the gormless public

[4twentyproductionz]

Hope the predictions come true!

[HumanityWins]

@4twentyproductionz

this has to be the first time anyone trusts a turk?

[4twentyproductionz]

@HumanityWins haha maybe, I'm not a history expert

[zalida100]

Great stuff daniel - thanks v much.

[NIETZSCHEAN14]

Good work.

[Trazom24]

Thank you for this great interview. James Turk is the man.

[BugsMr123]

Excellent.

[MrTreign]

Great interview! Thanks Daniel!

[SteveFusionX]

i like this

[Hyperborea2012]

Jim Rogers says gold needs to crash first, like in 1974, before heading significantly higher. He's usually right on. We might surpass $2,000, head back to $1,200, then the sky is the limit.

[sapiensproeliator]

@Hyperborea2012 i wished that only there is strong chinese orders when gold hits for instance 1580 etc.. that is why i had taken a gold postion at pretty much the monthly bottom at 1624, closed it since. just keep in mind there is strong chinese buying and that is hiritating us government who wants to take gold down

[Aeros802]

WOW James Turk! good stuff Daniels interviewing this super heavy weight on precious metals.

[InTheSticks0001]

That's a great photo of James Turk. 

[Federalism24]

Caught this video on visionvictory's bulletin. Thanks. Thumbs up.

[VictoryIndependence]

@Federalism24 Wow it works :) Where do you see the bulletins? I don't get any of them for my subscriptions.

[Federalism24]

@VictoryIndependence When I am logged in, I just click on the YouTube logo on the upper left hand side of the screen to view the activities of my friends and subscribers. i just kept clicking the 'load more videos' button at the bottom of the screen, and your bulletin showed up. I am your friend and subscriber.

Keep clicking the 'load more videos' button, and see what shows up.