Daily Market Update

Don’t Panic – Prepare

“Let’s Deal With The Facts Now” – Watch Interview Here

◆ Markets have collapsed around the world as we predicted as the ‘Giant Ponzi Everything Bubble’ meets the massive pin that is the coronavirus’ impact on already vulnerable indebted economies.

◆ Stocks have crashed and bond markets and banks may be next … “bank holidays”, bail-ins and currency resets are likely

◆ The virus is a final “snow flurry” which is unleashing the financial and economic avalanche.

◆ “Let’s just deal with the facts now and stop the bullsh*t and the lies and the nonsense that goes on out there”

◆ Those who prepare themselves, their families and their businesses for the coming dislocations, will proper. It is that simple.

◆ We must not allow ourselves to be riddled with fear and it is important to remember that we have “nothing to FEAR but fear itself.”

◆ “Let’s just deal with the facts now and stop the bullsh*t and the lies and the nonsense that goes on out there” 

◆ Keep calm and carry on being proactive and preparing for the coming global economic collapse.


NEWS & COMMENTARY

Silver Sales Surge: U.S. Mint Sells Another Million Silver Eagles Past Two Days

Extreme disconnect between paper and physical gold

Gold settles at lowest since December; silver markets lowest settlement in over a decade

Dow drops nearly 3,000 points, as coronavirus collapse continues; worst day since ’87

Fed says it will offer an additional $500 billion in overnight repo funding markets

CME Group raises gold and silver margins by 16.7% effective March 17

Anti-gold Roubini tries to claim that toilet paper ‘more useful than gold’ as a currency



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

16-Mar-20 1504.65 1487.70, 1223.28 1210.54 & 1346.36 1338.93
13-Mar-20 1588.15 1562.80, 1258.61 1248.83 & 1422.66 1407.30
12-Mar-20 1636.65 1570.70, 1284.28 1246.35 & 1457.11 1410.96
11-Mar-20 1662.50 1653.75, 1284.78 1279.01 & 1468.65 1462.25
10-Mar-20 1657.40 1655.70, 1269.40 1273.23 & 1460.00 1455.86
09-Mar-20 1676.60 1672.50, 1280.75 1272.94 & 1469.04 1462.10
06-Mar-20 1687.00 1683.65, 1296.80 1290.85 & 1490.13 1484.31
05-Mar-20 1647.45 1659.60, 1274.47 1284.70 & 1474.63 1482.69
04-Mar-20 1644.80 1641.85, 1286.73 1281.63 & 1475.06 1477.83
03-Mar-20 1599.05 1615.50, 1249.98 1260.25 & 1438.03 1446.03


Important Notice Regarding Our Services Dealing With Unprecedented Demand

GoldCore will remain open for business and we like most mints, refineries and dealers continue to experience record demand.

In light of the unprecedented demand for precious metals and significant disruptions to logistical networks as borders and nations are closed in national lock-downs, we have taken the following decisions and actions:

◆ Our minimum orders have been increased to $5,000
◆ Maximum credit card transactions have been reduced to $10,000
◆ All new order deliveries will be held in our secure vaults and delivered as soon as is feasible when transport systems return to normal. There may be delays in the delivery of existing orders
◆ Silver bullion coins are currently unavailable for delivery or storage as of this week. Clients may purchase silver bars (100 oz and 1,000 oz) in Secure Storage and switch to silver coins when they become available again. Bar availability is becoming limited
◆ Online trading may be suspended in the coming days and be replaced by  clients having to trade on the phone
◆ We will only be buying coins and bars from clients who have their assets stored in GoldCore Secure Storage with us for the foreseeable future
◆ Globally premiums on gold and silver coins and bars are set to increase on the buy and sell side
◆ We will buy silver bullion coins at 10% over spot and silver bars (100 oz) at 7% over spot and silver bars (1,000 oz) at spot. This is subsequent to change in the coming days.

Our offices have been closed to visitors since last week but our team are working hard and are here to assist you with your precious metal needs.

We are sorry that we have had to introduce these measures and we hope that they are short term. They are due to significant demand and increasing logistical, financial and systemic challenges in the EU and globally that are beyond our control.

On behalf of all the staff of GoldCore and myself, we wish you and your families good health in these trying days.

Best regards,

Stephen Flood
GoldCore CEO



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Mark O'Byrne
Executive Director

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