Daily Market Update

Central Banks Were Diversifying Into Gold Bullion Prior to the Global Lockdown – Here Is Why

Gold in USD – 3 Days


◆ The global economy was flashing danger signs long before the pandemic…

◆ For one thing, many countries were clamouring to get hold of as much gold as possible.

◆ For the past decade they have been buying new reserves and bringing it home from overseas storage to an extent never seen in modern times. Then just before the pandemic, there was a pause.

◆ Central banks added 650 tons to their reserves in 2019, the second highest shift in 50 years, after the 656 tons added in 2018. Before the 2007-09 financial crisis, central banks were net sellers of gold worldwide for decades.

◆ Leading the recent spree has been China, Russia, Turkey, Kazakhstan, and Uzbekistan.

◆ We have also seen a large effort by central banks to repatriate their gold from other countries, mostly from storage in New York and London…

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NEWS and COMMENTARY

Gold falls 0.4% in USD as potential Japan stimulus boosts risk appetite

Japan eyes fresh $930 BILLION stimulus

French government’s crisis measures have cost 450 billion euros – finance minister

Dollar on front foot as worries about Hong Kong stir risk aversion

Slump in consumption, exports push Germany into recession in first quarter

Russia Proposes Law That Criminalizes Buying Bitcoin With Cash, Face 7 Years in Jail


“Land Of The “Free”? Stashing Gold May Be Illegal Soon




Watch and Read Other Key Points From Interview Here



GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)

22-May-20 1732.45 1733.55, 1421.99 1423.59 & 1588.83 1590.71
21-May-20 1732.80 1724.90, 1417.78 1410.45 & 1580.49 1571.04
19-May-20 1735.25 1737.95, 1416.14 1418.34 & 1584.11 1589.01
15-May-20 1734.85 1735.35, 1422.06 1427.67 & 1604.39 1602.60
14-May-20 1716.40 1731.60, 1403.67 1420.09 & 1587.84 1603.98
13-May-20 1699.85 1708.40, 1383.85 1394.74 & 1568.11 1573.09
12-May-20 1703.45 1702.40, 1381.84 1379.80 & 1574.50 1565.87
11-May-20 1698.80 1702.75, 1375.35 1378.55 & 1570.20 1571.81
07-May-20 1688.65 1704.05, 1366.29 1387.78 & 1565.21 1582.38
06-May-20 1698.90 1691.50, 1373.56 1366.73 & 1574.71 1564.13
05-May-20 1696.30 1699.55, 1363.83 1363.72 & 1566.36 1562.91
04-May-20 1703.70 1709.10, 1371.14 1374.63 & 1558.72 1563.83
01-May-20 1673.05 1686.25, 1332.08 1347.15 & 1523.14 1536.68

30-Apr-20 1716.75 1702.75, 1373.92 1361.69 & 1577.86 1568.91
29-Apr-20 1706.00 1703.35, 1371.97 1368.64 & 1569.69 1568.10




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NOTE: Inbound deliveries to our Loomis and Brink’s vaults in Zurich, Singapore, London and Dublin have resumed and to ensure liquidity, investors can move their assets to our vaults from safe deposit box companies, bullion stored with banks or digital gold platforms or ETFs.

We have resumed buying non stored bullion again and are buying gold and silver coins and bars at attractive premiums. Please email us for shipping instructions to vaults: support@goldcore.com


Please share our market updates with family, friends and colleagues in order to protect their financial well-being

Be well !


Mark O'Byrne
Executive Director

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