James Turk: Two Silver Dollars Will Still Fill the Tank!
by Rory, The Daily Coin When you look a person in the eye it is a completely different situation than speaking with them on the phone or through email or other electronic communication. When I first met James Turk, founder Gold Money and Director, BitGold, I knew right away everything I had believed was 100% accurate. Character and integrity can not hide when you look a man in the eye. James agreed to sit down and discuss the current state of the silver and gold markets. Both gold and silver caught a bid and then are beat back to the technical lines of resistance. We see this over and over. This is not natural, real markets don’t act in this manner. Even with the current exchange rate for gold and silver you can still purchase a tank of gas, for most cars, with two silver dollars! The silver content, pre 1965 mintage, in two silver dollars is worth approximately $24.As you can see from the chart above the value/worth of silver has not moved backwards! The above chart was pulled from conflation.com on November 1, 2015. James sees the same thing that I have been writing about for a couple of years, regarding the SCO, EEU and BRICS. Just recently the Directors of the SCO and EEU made plans to move their unions closer and work in tandem in making their “base” stronger, larger and even more powerful. What are the implications for the Western world? Will the Western world be anything more than a “museum” for the new power center of the world? Over the past few months we have heard a lot of chatter about how China is slowing down, falling apart or in general losing a grip on what they built over the past twenty-five years. To that I say, in what way? Yes, China has amassed a lot of debt, but as I learned at the New Orleans Investment Conference, they have something to show for their debt. What do they have? Developed communities, rail lines, shipping, infrastructure and the list goes on. Some of you may being saying, so what. Let me ask about the debt the US has amassed. What do we have to show for it? Student loans, auto loans, crumbling infrastructure, selling off harbors. We haven’t built a new oil refinery in thirty years!! We have plenty of military build up, an open southern border and society that loses ground everyday in education, healthcare and the overall in their well being and mental health. I am not saying the US can’t be a great nation, but, currently, we just aren’t and if we don’t make some changes and make them quickly, we are going to lose more ground to the SCO, EEU and BRICS. Crypto-currencies are here to stay. More and more people are using them everyday. If you look at new technologies like Square, which makes it possible for any individual to conduct business anywhere on the planet with their cell phone you can see that commerce is changing. You and I can conduct business over a cup of coffee and transfer the funds for a project on the spot. As most of you know I am not really a fan of electronic currency, but it is a fact of our world. BitGold is an alternative, outside the United States, for people to preserve their purchasing power and use real money as currency to conduct business using crypto-currency technology that is backed by gold! Let’s listen in to Mr. Turk and get his take on what is happening in our backyard and around the world.