Daily Market Update

Silver Guru Video: “The End of Empire and End of Fiat Currencies”

– “Every fiat currency in history has failed and this one is failing” warns Silver Guru
– “I do not think we can go another 5 years” … I am looking for this to happen “between 2020 and 2022” says David Morgan

– We could move to a “cryptocurrency type of situation that is government backed”; is a “world currency possibility” or we could “go back to some type of gold standard”
– “Very difficult to know how the currency reset might come about and I do not think even the elites know at this stage”
– This is “all conjecture” and “what ifs” but what is true is that “silver and gold” will surge in fiat currency terms in the coming currency reset

This is an excerpt from Goldnomics Podcast (Episode 8) which will be released in full tomorrow. Watch video and subscribe on GoldCore Youtube Channel


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News and Commentary

Gold prices inch up as dollar eases despite trade dispute (Reuters.com)

Home builder confidence stalls as tariffs bite (Marketwatch.com)

China says Trump forces its hand, will retaliate against new U.S. tariffs (Reuters.com)

Oil’s Near $79 as Saudis Indicate Comfort With Higher Prices (Bloomberg.com)

Zimbabwe miner may pay suppliers in gold amid national cash shortage (Bloomberg.com)

Source: Bloomberg

Gold Continues ‘Slow Dance’ Around $1,200 – “Underlying Demand Has Begun To Emerge” (Bloomberg.com)

EU Slams U.K.’s ‘Fantasy’ Brexit Plans (Bloomberg.com)

Is the Federal Reserve really worried about inflation? (Money.com)

Wealthy Americans may be warning of the stock market collapse to come: analyst (Marketwatch.com)

10 years after Lehman Brothers collapse, Americans reevaluated their relationship with money (Marketwatch.com)

Listen on SoundCloud , Blubrry & iTunesWatch on YouTube below

Gold Prices (LBMA AM)

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
13 Sep: USD 1,206.65, GBP 924.41 & EUR 1,038.68 per ounce
12 Sep: USD 1,197.80, GBP 919.07 & EUR 1,033.10 per ounce
11 Sep: USD 1,194.00, GBP 915.92 & EUR 1,028.75 per ounce

Silver Prices (LBMA)

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
13 Sep: USD 14.23, GBP 10.90 & EUR 12.24 per ounce
12 Sep: USD 14.16, GBP 10.90 & EUR 12.22 per ounce
11 Sep: USD 14.13, GBP 10.85 & EUR 12.19 per ounce

Recent Market Updates

– 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
– London Property: Here Comes the Crash
– This Week’s Golden Nuggets
– Gold Remains An “Excellent Way to Hedge” for Longer Term – BNP Interview
– Video: Gold Surges To Record Highs In Emerging Market Currencies – New Highs In USD, EUR, GBP In the Coming Months?
– September Is The Best Month For Gold and Worst Month For Stocks
– Pound Investors Face Months of Volatility Into Brexit Endgame


Mark O'Byrne
Executive Director


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