James Turk (@fgmr) 's Twitter Profile
James Turk

@fgmr

5+ decades in int’l banking, finance & investments. Began publishing in 1987. Founded goldmoney.com in 2001. @goldmoney Latest book:“Money and Liberty”

ID: 45401607

linkhttp://www.fgmr.com calendar_today07-06-2009 19:15:03

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36,36K Followers

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No dilemma here. #Stablecoins do what CBs & all other #banks have been doing since the #BankOfEngland was founded in 1694, which is the real cause of financial instability - turning gov't #debt into #currency. But now digital instead of paper. Only #gold #silver coins are stable.

No dilemma here. #Stablecoins do what CBs & all other #banks have been doing since the #BankOfEngland was founded in 1694, which is the real cause of financial instability - turning gov't #debt into #currency. But now digital instead of paper. Only #gold #silver coins are stable.
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Chart explains America’s decline from a peak during the #Eisenhower admin. Wealth eroding over time from #Boomers #GenX #GenY & now #Zoomers. What do the young #Alphas have to look forward to? Need to return to #money of the #Constitution, #gold #silver. Also need to #EndTheFed

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The 4.1% #yield on 10-yr #Gilts in the #LizTruss budget ‘crisis’ was hurdled only 8 months later, suggesting her gov’t was scapegoated b/c it exposed the #UK’s weak financial position. Yields are 4.6% in a rising trend - the real crisis has not yet hit. But it inevitably will.

The 4.1% #yield on 10-yr #Gilts in the  #LizTruss budget ‘crisis’ was hurdled only 8 months later, suggesting her gov’t was scapegoated b/c it exposed the #UK’s weak financial position. Yields are 4.6% in a rising trend - the real crisis has not yet hit. But it inevitably will.
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The #supercycle in #banking has ended. ‘Peak Banking’ was reached in 2001 when US #bank profits were 13% of non-bank corporate profits. Volatility makes bank shares a poor long-term holding. Current economic uncertainty makes bank shares a poor short-term holding. #PeakBanking

The #supercycle in #banking has ended. ‘Peak Banking’ was reached in 2001 when US #bank profits were 13% of non-bank corporate profits. Volatility makes bank shares a poor long-term holding. Current economic uncertainty makes bank shares a poor short-term holding. #PeakBanking
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The unboxing video of Dominic Frisby’s new book: “The #Secret #History of #Gold”. It’s a delightful, insightful and enjoyable romp through history & a well-researched, educational tour de force. Highly recommended. theflyingfrisby.com/p/the-secrets-…

The unboxing video of <a href="/DominicFrisby/">Dominic Frisby</a>’s new book: “The #Secret #History of #Gold”. It’s a delightful, insightful and enjoyable romp through history &amp; a well-researched, educational tour de force. Highly recommended.
theflyingfrisby.com/p/the-secrets-…
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The #FederalReserve’s 2% #inflation target is disappearing in the rear-view mirror. Core #PCE Index up 2.8% YoY & its trend is rising while signs are indicating the economy is slowing, the two key components of #stagflation.

The #FederalReserve’s 2% #inflation target is disappearing in the rear-view mirror. Core #PCE Index up 2.8% YoY &amp; its trend is rising while signs are indicating the economy is slowing, the two key components of #stagflation.
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Still early days for this uptrend in my #FearIndex & #gold still very undervalued. #USGoldReserve is backing only 3.9% of #USD #M2, below 6.9% avg since 1913 & way below past crisis peaks. If 10% hit again, gold rises to $4750 if no M2 increase & entire US Gold Reserve is there.

Still early days for this uptrend in my #FearIndex &amp; #gold still very undervalued. #USGoldReserve is backing only 3.9% of #USD #M2, below 6.9% avg since 1913 &amp; way below past crisis peaks. If 10% hit again, gold rises to $4750 if no M2 increase &amp; entire US Gold Reserve is there.
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Project the #silver price with the #gold/silver ratio. 10X more silver than gold in earth’s crust & mined each yr. Tiny aboveground silver stock compared to gold. Ratio was 30 in 2011 last time silver was $50. So if $4k gold / 30 ratio = $133/oz silver. 10 ratio = $400 silver

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Here’s how to project where #gold is going. In #inflation or #deflation gold wins if my #FearIndex rises b/c your #PurchasingPower increases. Make an assessment where the Fear Index is going & then it’s just math, as I explain here: kingworldnews.com/could-this-rea…

Here’s how to project where #gold is going. In #inflation or #deflation gold wins if my #FearIndex rises b/c your #PurchasingPower increases. Make an assessment where the Fear Index is going &amp; then it’s just math, as I explain here:
kingworldnews.com/could-this-rea…
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This #debt growth should alarm every #American. Federal gov’t spending is out of control b/c #gold #silver have been jettisoned creating an unconstitutional monetary system allowing the #Fed & #banks to spawn #PurchasingPower out of thin air & force its use as #money. #EndTheFed

This #debt growth should alarm every #American. Federal gov’t spending is out of control b/c #gold #silver have been jettisoned creating an unconstitutional monetary system allowing the #Fed &amp; #banks to spawn #PurchasingPower out of thin air &amp; force its use as #money. #EndTheFed
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Latest #tariff rates: not the bugbear they’re being made to be. #Risk is timing, coming when the #economy is slowing (like #SmootHawley). Worse now b/c federal gov’t is in a #debt trap (#InterestRates can’t go higher to stop #inflation & save #USD). Therefore, expect #stagflation

Latest #tariff rates: not the bugbear they’re being made to be. #Risk is timing, coming when the #economy is slowing (like #SmootHawley). Worse now b/c federal gov’t is in a #debt trap (#InterestRates can’t go higher to stop #inflation &amp; save #USD). Therefore, expect #stagflation
James Turk (@fgmr) 's Twitter Profile Photo

Yes, #HyperStagflation. Like #Venezuela. #Economy tanks yet you are forced to use depreciating #currency b/c of #LegalTender laws & other gov’t imposed force as it spends recklessly without limit & pols hoping they can retire lavishly before their gravy train goes over the cliff.

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This chart shows what #silver did in August 2010. That $17-$18 range was the base that carried silver to $50 eight months later. Maybe history will repeat. More here: kingworldnews.com/alert-2010-bre…

This chart shows what #silver did in August 2010. That $17-$18 range was the base that carried silver to $50 eight months later. Maybe history will repeat. More here:
kingworldnews.com/alert-2010-bre…
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"GenAI is no internet (or radio or railroads or canals) that had propelled...past manias. #GenAI is a minor league innovation propelling a major league stock market bubble (maybe the biggest ever)." fred hickey

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"What was once 'machine learning' has been grandly re-christened 'artificial intelligence', and with that simple sleight of marketing, the next great speculative bubble has commenced." Roy Sebag CEO Goldmoney June 2025 goldmoney.com/docs/goldmoney…

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I agree wholeheartedly with G. Edward Griffin & President Andrew Jackson who said in his Farewell Address in 1837: “The Constitution of the United States unquestionably intended to secure to the people a circulating medium of gold and silver. But the establishment of a national

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It was a pleasure to have a wide-ranging discussion with my good friend Egon von Greyerz of Egon von Greyerz. We began our careers in the 1960s & in this video use our experience to share insights on critically important matters in these uncertain times. vongreyerz.gold/egon-von-greye…

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Your kids or grandkids thinking about going to #college? OK for #STEM degree Sci Tech Eng Math. But even those potential students should get a new book by Doug Casey which discusses an alternative 4yr program to begin their adult life. amazon.com/dp/B0FLRKYCCP

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This 2X leveraged #ETF owning #gold #silvers miners formed 18-month uptrend channel. Note this week’s upside breakout getting bids from new investors. Will momentum players now jump onboard? ETF’s $300 high in 2008 on LT chart here: x.com/FGMR/status/18…

This 2X leveraged #ETF owning #gold #silvers miners formed 18-month uptrend channel. Note this week’s upside breakout getting bids from new investors. Will momentum players now jump onboard? ETF’s $300 high in 2008 on LT chart here:
x.com/FGMR/status/18…