- http://www.goldmoney.com/goldresearch. GoldMoney Chairman 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 argues that the reasons laid out in 2003, that would impact negatively the purchasing power of the dollar, thereby positively impacting the price of gold, are in fact worse than anticipated. A clear concise argument for Gold and Silver ownership from someone who bravely called central banking The Barbarous Relic, in a timeless essay, for the Committee for Monetary Research and Education (CMRE), back in 2006. The essay can be downloaded here: