Mix water with turmeric powder in a pan and slowly heat on low-medium heat for 6-10 minutes until you get a smooth paste with medium consistency (add some additional water if it is too thick).
Add black pepper and oil and mix altogether. Allow paste to cool and place into a glass jar, this can refrigerate for up to 2 weeks, or freeze.
Golden Milk
Mix all ingredients except the honey together over medium heat for 4-5 minutes. Once it is cool enough add the honey and enjoy.