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The Money Bubble Will Pop, Gold is Real Money – James Turk Interview

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4 comments to The Money Bubble Will Pop, Gold is Real Money – James Turk Interview

  • rich

    Tisch Says We ‘Live by the Sword’ at Loews as Gold Bet Doubles

    Loews investment in mining stocks fuels investment income gain
    Gold investments have ‘come to life’ Tisch says on call

    Loews Corp., the holding company run by New York’s Tisch family, was able to counter low bond yields and stock market volatility in the first half of this year with gold-related investments that doubled in value.

    Second-quarter net investment income at Loews climbed to $56 million from $7 million a year earlier, the company said in a statement Monday.

    “You die by the sword, you live by the sword,” Chief Executive Officer Jim Tisch said in a conference call discussing results. “We had, for a number of quarters, even years, suffered with gold investments. What’s happened in this most recent quarter is gold investments came to life.”

    “I am not, nor is anybody else here at Loews what you would call a ‘gold bug,”’ Tisch said, using a phrase for investors who are most optimistic about the metal’s prospects. “But it is interesting to me that in the first half of this year, with a relatively modest investment in gold securities, we’ve been able to earn an outsized rate of return.”

  • Iguana green

    Good to hear from James Turk and his optimistic buoy rant for Gold. It’s been many, many years that most of us in the Gold world have been listening to all of the talking heads.
    I am grow weary of it. Nothing against anybody. But…….when all is said and done, we don’t know how this will come out in the wash. Anything is possible when we’re dealing with criminals, thieves and liars in government and the Fed.

    • Millicent

      Whatever happens, it is not going to be good and you sure as chit are not going to be sitting around, “eating popcorn” and “enjoying the show”.

  • Randy

    It is interesting to hear more and more people saying what I was saying back in 1996, about how fiat paper currency is NOT money, that the decrease in the perceived purchasing power of a fiat paper currency is what causes prices to go up (inflation) and about how an ounce of gold would buy a man a pretty nice suit in 1929, and still do the same today!!

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