Daily Market Update

Gold Buyers Are “Having Difficulty Getting Their Gold and Their Cash” – Jim Willie Interview Part 2

Avoid Online Gold, Take Delivery and Own Fully Segregated Gold Coins and Bars

– Some gold buyers and investors in online gold platforms are “having difficulty getting their gold … and their cash”

– “Hearing more and more unfortunate stories and I will not mention names” – Jim Willie

– Physical gold and silver are safe havens but only if you own coins and bars in the safest of ways

– Do not hold gold in a pool allocated format via a website that you cannot take delivery of, move easily or liquidate at competitive prices and receive funds quickly 

– People think they own a gold bar but what they own is a small part of a very large bar with thousands of other investors and they can only sell their gold via the one website. It is also makes it cumbersome, timely and costly to convert to smaller bars in order to be able to take delivery

– There is massive and concentrated counter party risk and a “single point of failure” in having exposure to gold via a single online gold platform, a single ETF, a single combination dealer vault provider

– “Buy a massive load of gold and silver when it is cheap and selling at a discount … for now”

– “I recommend people … consider moving your account to GoldCore who will assist in the process … in case there are any snags”

– Test your golden exits and take delivery, transfer to GoldCore or sell some of your gold and silver

Watch Interview Here

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LBMA Gold Prices (AM/ PM Fix – USD, GBP & EUR)

02-Jul-19 1393.10 1391.05, 1105.01 1101.02 & 1233.59 1231.77
01-Jul-19 1390.05 1390.10, 1099.81 1099.99 & 1227.41 1227.74
28-Jun-19 1413.20 1409.00, 1114.87 1108.18 & 1241.07 1237.81
27-Jun-19 1402.25 1402.50, 1103.71 1105.87 & 1233.14 1234.76
26-Jun-19 1406.75 1403.95, 1109.22 1106.73 & 1238.501236.32
25-Jun-19 1429.55 1431.40, 1120.62 1124.36 & 1255.72 1256.20
24-Jun-19 1405.45 1405.70, 1102.58 1105.30 & 1233.56 1235.05
21-Jun-19 1388.35 1397.15, 1095.96 1101.93 & 1228.55 1233.12

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Mark O'Byrne
Executive Director


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