Wednesday, November 25, 2009

“Gold IS NOT an ‘investment’. It is money.” James Turk Explains

Tuesday, 24. November 2009

Gold market authority James Turk talks in an exclusive interview for MMNews about the demise of the US-Dollar, correlations between gold and oil, Germany’s gold reserves and the plan for a global single currency.

By Lars Schall

James Turk, a widely respected figure in the precious metal markets, has grown up in the “Buckeye State” of Ohio. He graduated with a B.A. degree in International Economics at George Washington University in 1969. Afterwards he worked eleven years for Chase Manhattan Bank, with assignments for the International Department in Thailand, the Philippines and Hong-Kong. From 1980 – 1983, Mr. Turk was with RTB, Inc., a private investment and trading company. He subsequently served the next four years as the head of the Commodity Department of the Abu Dhabi Investment Authority in the United Arab Emirates. In 1987 he began the “Freemarket Gold & Money Report”, a subscription-based investment newsletter that earlier this year became a free online service ( Until 1995 he was the Chief Executive of Greenfield Associates, which specialized in investment research and trading advice for hedge funds, commodity traders and investment managers. From 1995 – 1999, Mr. Turk was a Director of Lion Resource Management Ltd., a London-based firm which advised funds that invested in the equities of companies involved in the mining and exploration of precious metals. In 2001, he launched GoldMoney, a patented digital gold currency that allows the instant transfer of gold, silver and platinum between user holdings. GoldMoney is the largest digital gold currency in the world. For more information on this visit: Moreover, Mr. Turk is the author of “The Illusions of Prosperity” (1985), “Social Security: Lies, Myths and Reality” (1992), several monographs on money and banking, and the co-author of a book which has attracted considerable international attention: “The Coming Collapse of the Dollar and How to Profit from It: Make a Fortune by Investing in Gold and Other Hard Assets”, published by Doubleday and in December 2004 updated in a paperback version entitled “The Collapse of the Dollar” (visit: He frequently speaks at investment conferences on gold, money, and the international banking system. Mr. Turk lives in London.

Click here for entire interview.

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