Anarchast Ep. 52 with James Turk

In this edition of Anarchast Jeff Berwick, in Acapulco, Mexico, talks with James Turk, the CEO of Goldmoney.com (http://www.goldmoney.com/?gmrefcode=TDV) in London

Topics include:

-How James became an Anarchist
-Atlas Shrugged was instrumental in shaping his views
-Jeff mentions the inspiration for his project in Chile, "Galt's Gulch", is from Atlas Shrugged
-James spends most of his time in the UK because they have an attractive immigration policy of "non-domiciliation"
-Jeff mentions that he to avoids becoming a resident of any place that he is living
-James talks about his experience starting Goldmoney.com and his parents warning him not to quit his "secure"job with Chase Manhattan Bank
-He says you are not secure working for a big institution but rather working for yourself
-Jeff says that he had a similar experience working at a bank and starting stockhouse.com
-They talk about the major corporations taking over the economy of the US
-James talks about his book "The Collapse of the Dollar"
-We are living through a "currency bubble" where people are acting irrationally and James sees it popping in the next five years
-Politicians only have two options, to stop paying out entitlements or to hyper-inflate the currency
-The best outcome would be for us to return to real money backed by gold and/or silver
-It is also important to have private property respected in order for the free market to work correctly
-It is important to keep yourself internationally diversify yourself much like was mentioned by Harry Shultz in the book "PT"
-A good way to diversify yourself is by getting a second passport through http://tdvpassports.com/
-James thinks that Bitcoin is an interesting option but does not see it as a tangible asset
-Goldmoney now has the ability to hold physical metal in five different countries
-James sees Gold as being very undervalued and that the fair market price should be around $11,000
-He recommends a dollar cost averaging strategy of buying small amounts of metal on a regular basis
-Gold is money but should not be looked at as a wealth creating or cash-flowing asset
-James thinks that governments may try gold confiscation in the future
-He is skeptical that governments have all the gold that they claim to have

Links:

The Coming Collapse of the Dollar http://amzn.to/Semc7S
Gold Money http://www.goldmoney.com/?gmrefcode=TDV
James Turks blog http://fgmr.com/

For more information on The Dollar Vigilante, go to http://dollarvigilante.com. For more information on Jeff Berwick's anarchist enclave, Galt's Gulch Chile, go to http://galtsgulchchile.com. And, for more on the anarchist enclave in Acapulco go to http://dollarvigilante.com/acacondos. Come on down and be a guest on Anarchast and live relatively free amongst other anarchists.