We have a battle on our hands. It’s the battle for the price of gold to reach $700, and it is just the latest clash in a long war being fought between gold and its perennial antagonist – the gold cartel.
I feel like an old soldier, having already endured so many of these battles. They happen [...]
Archive for James Turk
James Turk has specialized in international banking, finance and investments since graduating in 1969 from George Washington University with a B.A. degree in International Economics. He began his business career with The Chase Manhattan Bank, with whom he worked for eleven years, principally in the International Department, which included assignments in Thailand, Hong Kong and the Philippines.
How the U.S. Govt. Is Keeping the Price of Gold Artificially Low
World’s Biggest Debtor Nation Posts $61.2B Trade Deficit for December 2006
If the U.S. dollar is still a functioning currency after America’s two-decade-long borrowing binge, what’s to stop it from functioning forever? Well, for one thing, America is not alone in the world. Foreign investors have a say in the value of the dollar, and in the next few years they’re going to say some very [...]
February 14th, 2007 | James Turk | 7 comments | Continued
Three More Nails in the Coffin of the U.S. Dollar
Though it has been given scant coverage in the United States, Iran’s decision to drop the dollar in favour of the euro has been receiving widespread attention in Europe. As reported by Agence France-Presse on Monday, Iranian government spokesman Gholam Hossein Elham told news reporters: “The [Iranian] government has ordered the central bank to replace [...]
December 22nd, 2006 | James Turk | 1 comment | Continued
A Short-Term Forecast for Gold
Between sky-high U.S. debt levels and the Fed’s knee-jerk reaction to flood the world with dollars, it’s not hard to see a bright future for our favorite yellow metal. But what about a forecast for gold in the short-term.
November 30th, 2006 | James Turk | 1 comment | Continued