Daily Market Update

Jim Willie Interviews Mark O’Byrne – Prepare Now For Global Financial Crisis II

– Jim Willie interviews Mark O’Byrne of GoldCore about the slowly erupting Global Financial Crisis II and the importance of being financially prepared but also “psychologically prepared”

– “Not a single thing has been fixed” and vitally important people prepare now for the “next phase” of the currency wars and the global financial crisis which is set to impact financial markets, stocks, bonds, banks (what happened to Wells Fargo last week?) and bankrupt governments in the UK, EU and US


Watch Interview Here

– The Global Monetary RESET will see the “Third World” dollar sharply devalued and paper wealth and assets including stocks, corporate and government bonds become much more volatile and risky

– US Treasuries are no longer a risk free asset as the United States will either “formally default or restructure” the $22 trillion US debt and the $100 trillion to $200 trillion of unfunded government liabilities

– Gold coins and bars are the primary store of value in the coming Currency Wars and the Cashless Society, especially given the likelihood of COMEX gold defaults and collapse of the LBMA unallocated gold market says Mark O’Byrne

– Jim Willie on the coming radical changes in the global gold market and reversion to physical price discovery and new pricing involving premiums on physical gold (kilo gold bars) in major gold trading, storage and liquidity centres such as Zurich, Mumbai, Singapore, Shanghai etc

– Asset allocation and the case for having much higher allocations to gold and silver as safe haven dollar and Treasuries are questioned due to the “Third World finances” of the U.S.  Jim Willie recommends higher allocations to physical precious metals and says tongue in cheek, “more like 40% in gold and the rest in silver”

– Key facts about owning gold and silver coins and bars, premiums on gold and silver bullion, the safest vaults and the safest jurisdictions or countries in the world

– Importance of having actual gold & silver coins and bars in your possession or having outright legal ownership of physical bullion in allocated and segregated storage, in bailment and in your name

– Global Financial Crisis II is “going to be much, much bigger” … prepare now


Jim Willie of the Golden Jackass Interview of GoldCore’s Mark O’Byrne via and courtesy of Gadfly TV

 

News and Commentary

Gold Surges on Elevated Geopolitical Uncertainty (WSJ.com)

PRECIOUS-Palladium eyes $1,500/oz in record surge; gold hits 10-mth high (CNBC.com)

Gold rallies to a 10-month high as trade-talk continuation captures market (MarketWatch.com)

Gold hits 10-month peak on hopes for U.S.-China trade talks (Reuters.com)

Fed’s Williams says new economic outlook necessary for rate hikes (Reuters.com)

The Utterly Unbelievable Scale of U.S. Debt Right Now (NationalPost.com)

Modern Monetary Madness (GoldSeek.com)

Bears could be in for a ‘great few weeks’ as S&P 500 hits a wall (MarketWatch.com)

A drop in U.S. stocks may be fast and furious, according to Elliott Wave theory (MarketWatch.com)

UK Manufacturers Deny “Scaremongering”, Fear “Catastrophic” No-Deal Brexit (ZeroHedge.com)

Listen on iTunes, Blubrry & SoundCloud  & watch on YouTube above

Gold Prices (LBMA PM)

19 Feb: USD 1,329.55, GBP 1028.81 & EUR 1,175.72 per ounce
18 Feb: USD 1,323.95, GBP 1025.13 & EUR 1,169.58 per ounce
15 Feb: USD 1,319.00, GBP 1027.64 & EUR 1,168.17 per ounce
14 Feb: USD 1,305.65, GBP 1017.49 & EUR 1,158.50 per ounce
13 Feb: USD 1,311.15, GBP 1017.45 & EUR 1,158.79 per ounce
12 Feb: USD 1,311.60, GBP 1021.21 & EUR 1,163.00 per ounce

Silver Prices (LBMA)

19 Feb: USD 15.78, GBP 12.22 & EUR 13.99 per ounce
18 Feb: USD 15.76, GBP 12.19 & EUR 13.91 per ounce
15 Feb: USD 15.67, GBP 12.23 & EUR 13.90 per ounce
14 Feb: USD 15.58, GBP 12.17 & EUR 13.83 per ounce
13 Feb: USD 15.69, GBP 12.13 & EUR 13.85 per ounce
12 Feb: USD 15.81, GBP 12.30 & EUR 14.01 per ounce

Recent Market Updates

– 7 Major Flaws Of The Global Financial System – Excellent Infographic
– The Case for Gold In 2019 – The Economist
– Invest In Gold As a Hedge In Cashless Society – Ex IMF Rogoff
– Valentine’s Day Record Spending Due to Gold Love Trade?
– Gold Prices In Pounds and Euros Gain More as Economic Growth Falters in the UK and EU
– Irish Investors Storing Their Gold Bullion In Ireland
– Large Gold Bullion Shipment Moves From London to Dublin Gold Vaults As Brexit Concerns Deepen
– Store Gold Bullion In Safest Ways – Learning from Tragic Venezuela Today
– The Vital Importance of Gold As A Strategic Asset In 2019</strong

Mark O'Byrne
Executive Director

Read more...
Category
Archives
Popular

No posts available