This is an amazing indictment of GS, JPM, and DB by James Turk

[Charles Mackay]

http://news.goldseek.com/JamesTurk/1241449200.php

[halcyon]

Re: This is an amazing indictment of GS, JPM, and DB by James Turk

While it makes relative monetary sense on some level during so called special circumstances, I think the source is lacking in credibility.

When gold pushers rant about cartel or conspiracy, it is hard to take it seriously, due to vested interests.

I would much more read a dispassionate analysis by an Oxford historian with absolutely no position in gold holdings.

Yes, in an ideal world, the person who delivers the message should not matter.

But we do not live in an ideal world, but a world full of pushers, scammers, mis-informed and otherwise agenda-driven people.

So, credibility is important and to me, gold pushers have near-zero credibility on this issue.

[jtabeb]

Re: This is an amazing indictment of GS, JPM, and DB by James Turk

While it makes relative monetary sense on some level during so called special circumstances, I think the source is lacking in credibility.

When gold pushers rant about cartel or conspiracy, it is hard to take it seriously, due to vested interests.

I would much more read a dispassionate analysis by an Oxford historian with absolutely no position in gold holdings.

Yes, in an ideal world, the person who delivers the message should not matter.

But we do not live in an ideal world, but a world full of pushers, scammers, mis-informed and otherwise agenda-driven people.

So, credibility is important and to me, gold pushers have near-zero credibility on this issue.

To question credibility of the source and to rigorousley vet the ideas presented is good. To ignore it outright due to source bias, strikes me as shortsighted.

There are things that are true that we can't prove due to a lack of information. To claim that things that can't be proven AREN'T true, well let's just say that the history of the markets shows that that is not a wise assumption. (Because often times, things that are True but unproven, later become proven when information is revealed or discovered).

To totally discount this story 100% without having access to ALL information would be a mistake IMHO.

[metalman]

Re: This is an amazing indictment of GS, JPM, and DB by James Turk

While it makes relative monetary sense on some level during so called special circumstances, I think the source is lacking in credibility.

When gold pushers rant about cartel or conspiracy, it is hard to take it seriously, due to vested interests.

I would much more read a dispassionate analysis by an Oxford historian with absolutely no position in gold holdings.

Yes, in an ideal world, the person who delivers the message should not matter.

But we do not live in an ideal world, but a world full of pushers, scammers, mis-informed and otherwise agenda-driven people.

So, credibility is important and to me, gold pushers have near-zero credibility on this issue.

as a gold holder, agree 100% with you on this. the false corollary turk and the goldbugs imply is that if gold was money again the scams will go away, as if these were not just as common under a gold standard.

i'll take simon johnson and bill back on banking scams and conspiracies. i'll take hudson on economic history. i'll take warburton on the central banking racket. i'll take elizabeth warren on the dirty credit card companies and their pals in washington.

[Mango]

Re: This is an amazing indictment of GS, JPM, and DB by James Turk

Is Turk part of GATA? Or does he just sell gold? What about GATA's claims?

[santafe2]

Re: This is an amazing indictment of GS, JPM, and DB by James Turk

Is Turk part of GATA? Or does he just sell gold? What about GATA's claims?

GATA has been making the same claims for a long, long time. One has to believe in the concept of government competence to even begin to take their thesis seriously.

[Charles Mackay]

Re: This is an amazing indictment of GS, JPM, and DB by James Turk

There are a few market students on this board who will recognize what Turk revealed as a corollary to the Greenspan put and act on it. Those who need a further hint check the COTS on the major moves during the last 8 years.

[Guest]

Re: This is an amazing indictment of GS, JPM, and DB by James Turk

Interesting to note how many iTulipers accept without a murmur that the equity markets are rigged.

But when it comes to the commodity of gold, which central banks have curiously clung to for decades after it's "demonetization and commoditization", these same iTulipers passively assume that an imputed interference with the gold price must be mere "gold bug delusion".

Every asset market is rigged to some extent in the US, from the long bond (now), to all equities, to the oil and commodity indexes (might as well throw in government CPI computations, social security, and the federal government's kitchen sink).

Meanwhile the funny old fashioned asset which so many banks have insisted upon holding since Nixon closed the gold window, despite it's present day "commoditization", is supposed to be curiously exempt from such meddling?

Gold is LEASED by CB's. It has been leased for many decades. A lessor of gold, of any magnitude (and they are of magnitude) is a party whose implicit stance is short of gold. That is, along with all the other myriad reasons why central banks by definition are born in a posture that is short gold in a fiat world.

There is not nearly so much that is controversial about this question, as our putative "wary of gold bug" skeptics wish to portray. If you need reasons, to believe you are entertaining this idea rationally, there are plenty of reasons. Ask Robert Rubin to list you a few good reasons.

James Turk is getting a bit of short shrift here, IMO. He's a former banker, but don't hold that against him. Stout man.

[audrey_girl]

Re: This is an amazing indictment of GS, JPM, and DB by James Turk

Turk, like the great Dr. Paul is ahead of his time.

regarding the anti-gold conspiracy amongst CBs, I think people would find the following informative:

http://www.financialsense.com/Experts/2003/Lips.html

the audio (available from the link on the right) is quite informative

I think people would also find the works of Michael Kosares informative, below is a essay he wrote a couple of years ago. Note the numbers in the table (Disturbing Trends). Just for kicks try and google the latest numbers on the deficit, debt, etc. to understand how everything really bad is now really speeding up...

http://www.financialsense.com/editor...2007/0807.html


Kosares, Turk and others are dead-on re gold and what is happening.

[BlackVoid]

Re: This is an amazing indictment of GS, JPM, and DB by James Turk

So, credibility is important and to me, gold pushers have near-zero credibility on this issue.

At least he puts his money where his mouth is. Much more credible than most.
By your reasoning anyone who recommends anything is pushing it and thus has zero credibility. Its a logical fallacy.