SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: mishedlo who wrote (26658)2/18/2005 12:33:52 PM
From: Jim Willie CB  Read Replies (3) of 110194
 
Jim Turk just on CBNC
his book "The Coming Collapse of the USDollar,
and How to Profit From It" was featured

he made a few points:
- USDollar decline will accelerate from here
- interest rates are below the inflation rate
---- so price inflation is in the pipeline
- oil price is steady in gold terms for a few decades
- look for $500 gold price later in 2005

what he and others in the gold community overlook is China
Turk never discusses China, and I doubt understands it
in my analysis, our monetary inflation is going to China, and returning as a deflationary effect upon import,
in the form of cheap imports, lost pricing power,
but also job loss

he forgot to mention that in Oct2004 he predicted $500 gold by endDec2005
nope, didnt happen
at the same conference, I said "try 455 by year end"
it was to a small group of people who had questioned him
we got 455, so I missed

Turk is relying too heavily upon the real rate of interest
he needs to integrate the Asian currencys into his calculations

/ jim
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext