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GoldMoney’s James Turk reports that 2008 was the eighth year in a row that gold has climbed against the US dollar. Since 2001, when the streak began, gold has appreciated an average of 16.3% per year with respect to the US dollar. Turk also lays out gold’s performance against the major currencies, where, to my […]
James Turk’s latest GoldMoney commentary is now available on his website. Check out the charts of gold vs. other currencies – it really took me aback. As down as we all are on golds recent performance, it’s important to realize that gold’s performance is disappointing in US dollar terms. It is holding up relatively well […]
The latest market review and commentary from James Turk at GoldMoney. Turk makes an interesting point that the Great Depression was deflationary because the dollar was linked to gold – the government couldn’t run the printing presses. This time, we know the dollar is not linked to gold – is that a helicopter I hear?
In his latest must-read commentary, James Turk of GoldMoney.com cites Warren Buffett’s “Hamburger Theory” and reflects that gold and silver investors should be savoring this current buying opportunity – much as the same way an excessive hamburger eater would favor lower, rather than higher, beef prices. No mention if the hamburger eater is long/short live […]
Naturally, you’d expect a guy who runs a site called GoldMoney to be bullish on the yellow relic. But James Turk is a sharp guy and his latest commentary is worth reading. Bottom line is that the bull market in gold cannot be over, because nothing has changed fundamentally.
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