James Turk presents a sequel to his recently released video “Everyone should have a precious metals portfolio” which outlines his views on where the monetary and financial worlds are headed.
In this latest video James provides an update to a longstanding forecast that he made back in 2003 in Barron’s. This interview was widely talked about because whilst the gold price was USD350 at the time, James stated that he envisioned the gold price to be around USD8,000 sometime between 2013-2015.
Now 9 years later, James looks back on this forecast and explains how this original price target was determined. As this timeframe is approaching, James goes on to update this forecast considering the current economic climate.
James Turk, Founder of GoldMoney calls in from Spain to explain how the FED’s latest actions spell doom for the Dollar. James reminds us that what is happening in the United States RIGHT NOW thanks to the privately owned Central Bank always ends the same way: In disaster for the currency. We’ve seen it before: Weimar Germany, Zimbabwe, Argentina, Serbia… and we’ll soon see it in AmeriKa.