Gold At $2,000/oz Likely This Year Due To Strong Coin and Bar, ETF and Central Bank Demand

Watch Video Here

IGTV interviewed Mark O’Byrne, Research Director at GoldCore about the outlook for gold and silver bullion.

He is bullish on both precious metals in the medium and long term. The fundamentals are very strong with strong central bank demand and ETF gold holdings reaching an all time record high due to deepening political and economic risks.

Silver at $18/oz and one eightieth of the price of gold is fundamentally undervalued and at some stage it will surge in value to catch up with gold.

There will likely be a global recession and a global financial crisis and this will see gold and silver become valuable hedging and safe haven assets again.

Is Silver the Most Undervalued Asset Today? Watch Video Here



NEWS and COMMENTARY

Gold jumps over 2% as virus spread spurs safe-haven demand

Dow is set to drop 700 points at the open as coronavirus cases outside China surge

Shares drop, gold surges as investors scurry for safety

Fear of coronavirus pandemic grows but China eases curbs as new infections fall

India clarifies size of gold discovery in northern state about 3,000 tonnes of gold to about 160 kilograms

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

21-Feb-20 1633.70 1643.30, 1264.81 1269.12 & 1512.48 1515.29
20-Feb-20 1610.35 1619.00, 1250.11 1258.45 & 1491.99 1496.77
19-Feb-20 1609.50 1604.20, 1239.80 1237.80 & 1490.40 1486.29
18-Feb-20 1588.20 1589.85, 1218.47 1220.37 & 1467.34 1470.77
17-Feb-20 1580.30 1580.80, 1212.41 1215.16 & 1457.04 1458.29
14-Feb-20 1576.35 1581.40, 1209.60 1214.20 & 1453.08 1456.79
13-Feb-20 1575.00 1575.05, 1213.55 1207.59 & 1447.27 1450.94
12-Feb-20 1566.75 1563.70, 1206.55 1206.55 & 1434.83 1434.54
11-Feb-20 1567.70 1570.50, 1212.77 1211.33 & 1436.01 1438.26
10-Feb-20 1574.05 1573.20, 1219.26 1215.93 & 1437.11 1439.64

 


SIGN UP FOR OUR AWARD WINNING MARKET UPDATES HERE



Mark O'Byrne

Also on news-goldcore-com

Videos

Silver Price Prediction 2022: David Morgan

Gold In 2022- Very Bullish Chart Patterns Developing

Why Buy Gold In 2022

Blog posts

European Energy Crisis: 4 Things You MUST Know!

European Energy Crisis: 4 Reasons You MUST Know! European households are facing rising prices on many goods and services, but one particular standout is electricity and gas bills. According to Bank of America, European household gas bills are expected to rise to €1,850 in 2022 from €1,200 in 2020 (an ~55% increase). Natural gas prices […]

READ MORE

Silver Price Prediction 2022: David Morgan

This week, ‘The Silver Guru’ David Morgan of The Morgan Report joins Dave Russell to explore what might happen in the silver market in 2022, as well as what makes silver the world’s most undervalued metal. Watch the full episode to learn more. Click the Video Below to Watch Make sure you don’t miss a […]

READ MORE

Goldman Sachs Shades Gold For Bitcoin As Store Of Value

Goldman Sachs Shades Gold For Bitcoin As Store Of Value A Goldman Sachs (GS) research note published on January 5, 2022, has captured headlines on the major news websites along with Twitter. The note suggests that gold currently holds 80% of the market for money-seeking exposure to “store of value” markets whilst Bitcoin now holds […]

READ MORE

Featured

Gold, the Tried-and-True Inflation Hedge for What’s Coming!

READ MORE

How High is Too High for Rising Government Bond Yields?

READ MORE

Silver – 7 Reasons it is Still Set to Soar

READ MORE
Newsletter
Category
Archives
Popular

No posts available

Videos

Silver Price Prediction 2022: David Morgan

Gold In 2022- Very Bullish Chart Patterns Developing

Why Buy Gold In 2022

Blog posts

European Energy Crisis: 4 Things You MUST Know!

European Energy Crisis: 4 Reasons You MUST Know! European households are facing rising prices on many goods and services, but one particular standout is electricity and gas bills. According to Bank of America, European household gas bills are expected to rise to €1,850 in 2022 from €1,200 in 2020 (an ~55% increase). Natural gas prices […]

READ MORE

Silver Price Prediction 2022: David Morgan

This week, ‘The Silver Guru’ David Morgan of The Morgan Report joins Dave Russell to explore what might happen in the silver market in 2022, as well as what makes silver the world’s most undervalued metal. Watch the full episode to learn more. Click the Video Below to Watch Make sure you don’t miss a […]

READ MORE

Goldman Sachs Shades Gold For Bitcoin As Store Of Value

Goldman Sachs Shades Gold For Bitcoin As Store Of Value A Goldman Sachs (GS) research note published on January 5, 2022, has captured headlines on the major news websites along with Twitter. The note suggests that gold currently holds 80% of the market for money-seeking exposure to “store of value” markets whilst Bitcoin now holds […]

READ MORE

Featured

Gold, the Tried-and-True Inflation Hedge for What’s Coming!

READ MORE

How High is Too High for Rising Government Bond Yields?

READ MORE

Silver – 7 Reasons it is Still Set to Soar

READ MORE