James Turk: Silver, Gold and De-Dollarization Update

James Turk: Silver, Gold and De-Dollarization Update by Rory – The Daily Coin

James Turk, GoldMoney and Lend Borrow Trust, is one of the people I turn to for clarity regarding the precious metals markets. Before anyone gets their minds all twisted around about price predictions or which way the rigged “market” is going to move, it is not on the table. We are discussing what is happening from a Federal Reserve Note , U.S. dollar stand-point and the recent de-dollarization by Russia. By reviewing what is happening from these angels we can get a better idea of what to expect in the future.

We begin the conversation discussing silver and the importance to silver to the overall economy and how our world really doesn’t function without it.

This leads into Mr. Turk’s recent King World News interview and where we focused a vast majority of the conversation.

in your recent KWN interview you reiterated that central banks would either be forced back onto a gold standard or the system would, in essence, change so much that central banks would willingly move back to a gold standard. Peter Boehringer – the architect of the German repatriation movement stated there were close to 21 countries that were either discussing gold as money, gold repatriation or some form of very high level discussions of gold. Gold has been repatriated by several countries now from U.S. vaults returning to Venezuela, the Netherlands, Germany and most recently Turkey. Is this, in your opinion, countries preparing for a change in the monetary system or is something else at play with these moves?

With Russia recently dumping 50% of their U.S. treasuries – and for the record it wasn’t a real significant volume, however, the gesture was huge – Russia also recently ask their Russian companies to move out of the SWIFT system and into their alternative payment system that is tied directly to the Chinese alternative to the SWIFT system. Would you say Russia is really the canary in the coal mine for some type of change in the global monetary system and is this part of the overall nonstop attacks by western corporate media against Russia?


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The Daily Coin

Rory Hall, The Daily Coin and Gospel News Network. Beginning in 1987 Rory has written over 1,400 articles and produced more than 500 videos on topics ranging from the precious metals market, economic and monetary policies, preparedness as well as geopolitical events. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver, Gold Seek, SGTReport, and a great many more. Rory was a producer and daily contributor at SGTReport between 2012 and 2014. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Dr. Warren Coates and Peter Schiff, to name but a few. Don't forget to visit The Daily Coin and Gospel News Network to enjoy some of the best economic, precious metals, geopolitical and preparedness news from around the world.