Daily Market Update

Goldnomics Podcast: Silver Guru – David Morgan – Silver and Gold Will Protect in the Coming Currency Collapse

The “Silver Guru” David Morgan joins Mark O’Byrne for Episode 8 of the Goldnomics Podcast. How will gold and silver perform as the current fiat monetary system inevitably collapses under the pressure of currency printing, quantitative easing, trade wars, currency wars and deepening geopolitical tensions?

 

• The Outlook for Gold and Silver In 2019 And Coming Years
• “End of Fiat Currency” and The “End of Empire“?
•  Favoured Asset Allocation To Weather Financial Storm
•  Exit Considerations – When To Sell
•  Precious Metals Manipulation – Are GATA’s allegations True or False?
• The Safest Way To Own Bullion
•  Is Debt Jubilee Primary Solution to Financial Risks of Today?
•  Positive About The Future – Need a Spiritual Awakening Of Individuals?

Listen to the full episode here or skip directly to one of the following discussion points:

00:15 – Meet ‘Silver Guru’ David Morgan – one of the world’s leading experts on precious metals.
02:00 – Currency crisis in emerging markets and the future prospects of gold and silver.
04:30 – What’s the outlook for gold and silver, especially in areas having a currency crisis?
04:40 – Crisis expected for Anglo-American Empire’s fiat currencies. Very difficult to predict when but if forced to he believes will happen between 2020 and 2022.
05:33 – Are precious metals currently undervalued?
07:17 – When will fiat currencies end?
09:20 – Possible scenarios for the end of fiat currency regimes.
12:46 – Gold-backed Yuan: what should we expect?
13:43 – Yuan as a reserve currency, how possible?
16:00 – Global economic uncertainty, the end of fiat currencies and prudent asset allocation.
19:35 – Lending to Australian & UK banks: are European banks exposed?
20:09 – Precious metals allocation in the wealth mix. Is 20% enough?
25:14 – Upcoming crisis: what’s the right strategy for exiting the market?
26:02 – Protecting your wealth: avoid round tripping.
26:23 – Easiest way to tell if gold is overvalued.
30:10 – Precious metals manipulation and GATA’s allegations: True or false?
31:11 – Sharpe ratios, frauds and manipulations.
33:25 – Manipulated markets: making the right investment choice.
36:43 – Choosing the right storage means (allocated and segregated in safest vaults in sagest jurisdictions) and vendor for your precious metals. Morgan is a client and “owns metal” with GoldCore and refers his clients to GoldCore. If want security and real insurance “you should be willing to pay storage fees”
40:00 – Ensure you have direct access to your gold in terms of accessibility, portability, pricing and liquidity as provided by GoldCore
40:39 – Is a Debt Jubilee a solution to today’s financial challenges?
41:30 – Government debt: the worst and most unsafe asset allocation you can have.
43:00 – Is the end of the banking cartel in sight?
44:53 – Powerful creditors: Should we expect a debt jubilee?
45:54 – Is there a need to change the structure of the monetary system and how money works?
49:17 – Individual moral and spiritual awakening needed to overcome the significant financial and economic challenges in the coming years
54:04 – Join the Morgan report mailing list here and learn how to protect yourself with precious metals and access a host of other useful tools

 

 

News and Commentary

Gold inches down on firm dollar as China halts trade talks (Reuters.com)

John Paulson Joined by 15 Investors in Council to Oversee Gold Miners (Bloomberg.com)

One-Minute Gold Selling Spurt Sends the Precious Metal Reeling (Bloomberg.com)

Mortgage rates jump to four-month high as housing market hits a bump (MarketWatch.com)

Barrick Gold, Randgold in Advanced Talks on Merger (Bloomberg.com)

Gold Set to Soar Above $1,300, Bank of America Says (Bloomberg.com)


Source: Gold Industry Group

A change in central bank attitudes to gold (GoldIndustryGroup.com)

10 years after Lehman Brothers collapse, people are ‘deeply distrustful’ of Wall Street (MarketWatch.com )

Fed’s Powell between a rock and hard place: Ignore the yield curve or tight job market? (Reuters.com)

GATA asks CFTC if market rigging by U.S. govt. is legal (SilverDoctors.com)

This Is The “Last Free Generation” Says Julian Assange In Last Pre-Blackout Interview (ZeroHedge.com)

Pepe Escobar Warns “Here Comes The 30-Year Trade War” (ZeroHedge.com)

Listen on SoundCloud , Blubrry & iTunesWatch on YouTube below


Gold Prices (LBMA AM)

21 Sep: USD 1,207.60, GBP 914.88 & EUR 1,025.25 per ounce
20 Sep: USD 1,203.00, GBP 910.55 & EUR 1,027.72 per ounce
19 Sep: USD 1,203.00, GBP 912.48 & EUR 1,028.44 per ounce
18 Sep: USD 1,199.40, GBP 913.94 & EUR 1,026.81 per ounce
17 Sep: USD 1,196.80, GBP 914.00 & EUR 1,027.21 per ounce
14 Sep: USD 1,206.20, GBP 918.76 & EUR 1,030.58 per ounce

Silver Prices (LBMA)

21 Sep: USD 14.33, GBP 10.87 & EUR 12.18 per ounce
20 Sep: USD 14.23, GBP 10.75 & EUR 12.14 per ounce
19 Sep: USD 14.18, GBP 10.76 & EUR 12.13 per ounce
18 Sep: USD 14.21, GBP 10.81 & EUR 12.16 per ounce
17 Sep: USD 14.17, GBP 10.81 & EUR 12.15 per ounce
14 Sep: USD 14.22, GBP 10.83 & EUR 12.15 per ounce


Recent Market Updates

– This Week’s Golden Nuggets – Dalio’s Dollar Crisis, Fitt’s U.S. Government “Missing” $21 Trillion and Silver Guru’s End of Empire
– Dalio Warns Of Dollar Crisis – “History Is Doomed To Repeat Itself”
– Silver Guru Video: “The End of Empire and End of Fiat Currencies”
– Silver Is ‘Undervalued’ Relative to Stocks, Bonds, Gold – GoldCore
– We Are In “Never Never Land” Accounting As U.S. Government Is “Missing” $21 Trillion
– This Week’s Golden Nuggets – BOE Warns Of UK House Price Crash
– Video: BREXIT To Contribute To London Property Bubble Bursting
– Australia’s Banking System May Be The “Bloody Big Butterfly” Which Triggers Next “Financial Storm”
– Ten Years Since Lehman: Biggest Driver of 2008 Financial Crisis Has Only Got Worse

Mark O'Byrne
Executive Director

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