Interesting that Mr Turk only mentioned a volume expansion of gold as a solution for the ECB credibility. Why not countenance a value expansion - through price?
Why can't the ECB announce that it will make a 2way market in gold, starting at a price of 20,000 euros? It can print the money to do this. This will signal to the europeans that they should hold their savings in gold, whilst only using the euro as a transaction medium. As long as the process is totally transparent where is the problem?
James Turk is wonderful as always. On the other hand, a lot of the interviewees are not impressive in their insight whatsoever. I particularly don't like how they stress historical circumstances and data without first approaching some of the questions from an a priori point of view. In other words, investors and speculators need to read their Austrian Economics books before they go to sleep every night.
Thank you excellent interview
themfu 1 week ago
I think the aurgument james turk makes is irrelevant. The debt crisis is because of the United States.
010daan 2 months ago
Interesting that Mr Turk only mentioned a volume expansion of gold as a solution for the ECB credibility. Why not countenance a value expansion - through price?
Why can't the ECB announce that it will make a 2way market in gold, starting at a price of 20,000 euros? It can print the money to do this. This will signal to the europeans that they should hold their savings in gold, whilst only using the euro as a transaction medium. As long as the process is totally transparent where is the problem?
maxdeniroAu 4 months ago
Felix! You still short XLB? Fantastic call, btw.
cr1138 4 months ago
James Turk is wonderful as always. On the other hand, a lot of the interviewees are not impressive in their insight whatsoever. I particularly don't like how they stress historical circumstances and data without first approaching some of the questions from an a priori point of view. In other words, investors and speculators need to read their Austrian Economics books before they go to sleep every night.
Fruerik 4 months ago
James Turk is absolutely Gracious
1betrman 4 months ago
Great interview. Thanks Goldmoney
1ASHKENAZI 4 months ago
Cut off and stopped at 9:04 for me?
slhines7 4 months ago
Great work. thank you...
overlogg 4 months ago
Thanks Mr. Turk. another great interview.
sugershakify 4 months ago
Very interesting interview James. Thanks very much.
zalida100 4 months ago