Gold Likely To Reach Record Highs In USD Over $1,915/oz In The Summer

Gold in USD – 3 Days


◆ All time record high gold prices in dollar terms are likely to be seen in the coming weeks and by the summer.

◆ Gold has already reached all time record highs in euros, pounds and many other fiat currencies in recent days and given the appalling outlook for the US economy and the US fiscal position, we expect the dollar to see weakness in the coming weeks.

◆ Silver is doing well and is 2.5% higher this week. There is strong investment demand as seen in silver ETF holdings and safe haven bullion demand in anticipation of a severe recession.

◆ Silver is correlated with gold and is gold on steroids” – when it moves higher, it really moves higher.

◆ Like gold, it also sees safe haven flows during recessions and financial crisis as was seen in the late 1970s and again at the height of the financial crisis in 2009 and 2010 when silver surged 130%.

◆ Both gold and silver should be owned as part of a diversified precious metals portfolio. Gold is more of a safe haven and silver is about return but also acts as a safe haven against worst case scenarios, if owned in the safest of ways – either in your possession or in the safest vaults in the world.

◆ Our specialist gold and silver vaults have remained open and fully operational during this crisis proving their worth in terms of all important liquidity and the ability to take delivery or indeed sell your assets and raise cash when you need it.



NEWS and COMMENTARY

Gold Likely To Reach Record Highs In USD Over $1,915/oz In The Summer (GoldCore via Marketwatch)

Gold gains as U.S.-China tensions lift safe-haven demand

JPMorgan Says U.S. Power at Risk From Central Bank Digital FX

Hong Kong plunges more than 5% as Beijing plans to impose new security laws

George Soros says EU may not survive coronavirus crisis, need perpetual bonds to survive

Oil drops over 5% on China-U.S. tensions, demand doubts

China abandons hard growth target, shifts stimulus focus to jobs




Watch and Read Other Key Points From Interview Here



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

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
28-Apr-20 1708.10 1691.55, 1367.68 1357.98 & 1571.11 1559.27



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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

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