James Turk: Inflation, Disinflation or Deflation?

BABY Investments, Released on 12/8/21

James Turk and I spoke about his early life & career, inflation, deflation, disinflation and all other types of inflation, and why after over 50 years of experience he thinks it’s important to pay attention to gold and always have a certain percentage of one’s liquidity exposed to gold.

00:00 Important disclaimer
02:30 Who is James Turk?
07:20 How can I trust James?
11:10 Why are gold & silver not moving?
17:00 When will gold & silver stocks move?
24:40 Inflation or deflation?
28:10 Why does monetary inflation lead do CPI?
33:00 Is the USD losing reserve currency status?
36:30 More supply + more demand, should be okay, no?
42:10 Why aren’t companies buying gold?
44:05 Why not just buy indebted companies, if inflation will run hot?
52:00 Why is Russia buying so much gold?
57:45 Will the lack of debt slow down Russia’s growth?
01:01:30 Are you worried Russia might flood the market with gold?
01:08:50 Bearish or bullish US stocks?
01:11:40 Why things are different than 1976
01:12:30 More supply of currency = inflation?
01:17:45 James’ own investment portfolio
01:22:22 Closing thoughts

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. His career began at Chase Manhattan Bank (now JPMorgan Chase & Co.), which included assignments in Thailand, the Philippines and Hong Kong. He subsequently joined the investment and trading company of a prominent precious metals trader based in Greenwich, Connecticut. He moved to the United Arab Emirates in December 1983 to be appointed Manager of the Commodity Department of the Abu Dhabi Investment Authority, a position he held until resigning in 1987. Thereafter he held various advisory roles in money management until founding GoldMoney, which was launched in 2001. He is the co-author of The Collapse of the Dollar and How to Profit from It & The Money Bubble

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