"Preparing for the Collapse of the Dollar"
"As a consequence of decades of abuse and mismanagement by policymakers in Washington, D.C., the US dollar is headed for a total collapse - the inevitable outcome of all fiat currencies. Preparations are essential in order to weather the coming monetary and financial storm, which will be felt throughout the world."
James Turk has specialised in international banking, finance and investments since graduating in 1969 from George Washington University with a B.A. degree in International Economics. His business career began at The Chase Manhattan Bank (now JP Morgan Chase Bank), which included assignments in Thailand, the Philippines and Hong Kong. He subsequently joined the investment and trading company of a prominent precious metals trader based in Greenwich, Connecticut. He moved to the United Arab Emirates in December 1983 to be appointed Manager of the Commodity Department of the Abu Dhabi Investment Authority, a position he held until resigning in 1987.
Since 1987 James Turk has written The Freemarket Gold & Money Report, an investment newsletter that publishes twenty issues annually. He is the author of two books and several monographs and articles on money and banking. He is the co-author of The Coming Collapse of the Dollar (Doubleday, December 2004), which has been updated for a newly released paperback version, now entitled The Collapse of the Dollar.
Viva la Restoration
The United States, still the issuer of the global reserve currency, is a bankrupt in denial. Bad ideas about money led us into this disaster, and only good ideas – the principles of sound money - can guide us out. These principles already inform our highest law, but have been willfully betrayed by the bankers and politicians who govern the country as a unitary gangster class. What we need is not a revolution but a restoration, a return to those first principles, failing which we face disintegration.
Robert K. Landis is a private investor and a member of Golden Sextant Advisors LLC, commentators on the gold market. He is Chairman of Amarillo Gold Corporation, a former Director and Chairman of River Gold Mines Ltd., and a former Director of Wesdome Gold Mines Inc. and Western Quebec Mines Inc. He was a founder and former President of Northern Lights Investors LLC, a private investment company operating in Poland, and a former Managing Director of Schooner Capital International, L.P., a Boston-based investment company operating in Poland and the Former Soviet Union. From January 1984 through June 1994, Mr. Landis held a variety of positions within Merrill Lynch & Co.'s Investment Banking Group, most recently as a Director in the Financial Institutions/Mergers & Acquisitions Department. Before joining Merrill Lynch, Mr. Landis was an attorney with the New York firm of Simpson Thacher & Bartlett, where he practiced corporate and securities law in New York and London. Mr. Landis is a graduate of Princeton University and Harvard Law School, and is a member of the New York Bar.
Anthony Deden. Born in Athens, Greece, 1957. Educated in Mathematics and Chemistry, University of California but has remained a lifelong student of history, economics and political economy. Since 1985, at the age of 28, he has been in private practice as investment counselor to families, and since 2001, the manager of Bermuda-registered Edelweiss Fund whose intellectual and practical purpose is the preservation of capital and whose record of total return since inception is at the 99.6th percentile of all unleveraged and diversified investment companies. He serves as Chairman and Chief Investment Officer of Sage Capital Zürich AG and, since 2003, he is the proud owner of a B-permit.
If you want to inject humor:
- The only fund manager I know whose possessions are actually gifts from his customers. (This is more or less true)
- Had to threaten him with bodily injury to appear here today. (This could be true if I didn’t love you).
My title is: "Gold in investment practice—yesterday, today and tomorrow."
Summary: A dispassionate review of history, theory and investment practice in the utility of gold as a component to wealth creation and preservation.