Jul 21, 2015
James Turk joined us today. We discussed the Chinese Government's recent disclosure of their gold holdings. While the number may be true in a technical sense, they could have other custodians holding much more gold that they will not disclose until a later more advantageous time. Meanwhile, GoldMoney and BitGold have merged and this will profoundly affect the way the West uses gold at some point in the future, once Americans are allowed to use it as a payment mechanism. Interesting times ahead. James has not changed his view of the world's economic future.