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The Solari Report – 19 Feb 2009
I first met James Turk in the late 1970’s while interviewing for jobs on Wall Street. It was many years later thanks to the Gold Anti-Trust Action Committee that I had the opportunity to get to know him. There is no more astute commentator today on the gold and silver markets and their role at the heart of financial and geopolitical events.
James is the founder of GoldMoney, the author with John Rubino of The Collapse of the Dollar and How to Profit from It and publishes The Freemarket Gold & Money Report.
James will be joining me on Thursday, February 19th on The Solari Report. We will be talking about recent events in the precious metals markets, the state of the global economy and the outlook for the US economy and the dollar.
If you are a subscriber to The Solari Report, you can post your questions at your private panel or feel free to also post them at this blog post. If you would like to learn more about The Solari Report and subscribe, click here.
I’m new to the idea of placing funds overseas. There are a few things I’ve ran across which make me very nervous.
1) GoldMoney is insured by Lloyds of London. It’s my understanding that Lloyds of London is on the ropes financially.
Laws of other countries (tax laws in particular) – GoldMoney is located Jersey so I’m wondering
2) Are they governed by the laws of Great Britain?
3) What is their track record regarding confiscating gold?
4) Do they have VAT taxes and would that be something that could bite me? The same applies to income taxes, etc. I’ve seen in an interview of a representative of Anglo Far East and this person said that if their client takes possession of the gold they’d be hit with a VAT tax which, depending on the country, could range from 7 to 17 percent.
Katie, if you are on welfare, you are in no position to worry about buying gold nor property. This economic downturn is for the working people who have some real assets to lose. You are already down, and you need to only survive paycheck to paycheque on the dole.
Is there a way that I can “liquefy” some gold coins that I have in storage at Fidelitrade by transfering them directly to an account at Goldmoney?
Mr. Turk, I have enjoyed reading your books and have learned alot about what is
happening now with all the financial market problems. 4 years ago I decided to
put a little Gold and Silver into my portfolio,(Mostly Bullion)! I always am
curious as to know what is the best Coins to hold onto for the big Dollar bust?
I’m worried that the government might “install confiscation” before I can exchange
my personal precious metal investment for a better return!
Your thoughts are well appreciated!
Thanks, Jeff
Hi, I do not have a 401k. My dollars are in the BBT bank. I do not own a home or land. I am currently out of work and I am not on welfare or unemployment. Should I buy an acre of land even though I can’t afford the home just so I have a land in the country or is it best to take it out of the bank even though it is earning interest and buy a little gold? What would you do in my situation. I have 15 thousand left in the bank that is being used now to buy food and other bills. I thought that if I move to the country and get a tent maybe I could grow my own food and cut out some bills
Are there preferred ways to protect ourselves in this global climate of debt destruction, currency devaluations, bank holidays, government confiscation, inflation, deflation and high oil prices?
Gold bullion, silver bullion?
American Eagle coins?
Quality gold mines? Mutual funds?
Etfs such as GLD?
Thank you.
Hello Catherine,
Looking forward to your next report with James Turk. If possible, could you ask him how changes in the value of one’s goldgrams (relative to one’s home currency) are dealt with in terms of taxation in the US? Thank you.