Gold Mining Shares Or Gold? Percentage of Portfolio? BREXIT Risks – Newstalk Interview

Nick Bullman on Newstalk’s “Breakfast Business” interviewed Research Director, Mark O’Byrne, last week.


(Interview starts minute 20 – Navigation from toolbar at top)

A range of aspects about the gold market were discussed including whether to own gold mining shares or gold bullion, the extensive research on gold as a proven safe haven asset, why Germans are the largest buyers of gold in the EU today, lack of awareness of growing risks among ‘Pixie’ Irish and UK investors including the risks posed by ‘BREXIT’ and indeed the significant geopolitical risks of today.

With regard to asset allocation, the importance of owning physical gold rather than ETFs, paper proxies and mining shares were considered.

O’Byrne said that given the increasing financial and geopolitical risks and indeed stretched valuations with many stocks markets internationally and indeed bond markets looking “toppy” – higher allocations to gold are merited and a 10% to 20% is being recommended to GoldCore clients in order to to hedge the risks of today.

The Newstalk interview can be listened to here (Interview starts minute 20- Navigation from toolbar at top)

 

Gold Prices (LBMA)

29 Mar: USD 1,216.45, EUR 1,087.71 and GBP 853.04 per ounce
24 Mar: USD 1,216.45, EUR 1,088.75 and GBP 861.89 per ounce
23 Mar: USD 1,232.20, EUR 1,101.76 and GBP 870.03 per ounce
22 Mar: USD 1,251.80, EUR 1,117.35 and GBP 876.96 per ounce
21 Mar: USD 1,244.25, EUR 1,104.47 and GBP 863.60 per ounce

Silver Prices (LBMA)

29 Mar: USD 15.06, EUR 13.44 and GBP 10.56 per ounce
24 Mar: USD 15.28, EUR 13.70 and GBP 10.82 per ounce
23 Mar: USD 15.58, EUR 13.92 and GBP 10.99 per ounce
22 Mar: USD 15.89, EUR 14.16 and GBP 11.12 per ounce
21 Mar: USD 15.81, EUR 14.02 and GBP 10.99 per ounce


Gold News and Commentary

India’s finance minister can’t persuade own wife to paperise gold jewellery – GATA

Gold Holds Advance as Investors Weigh Fed’s Rate Path, Inflation – Bloomberg

Gold dips, but holds above one-month low on weak U.S. data – Reuters

Gold Bulls Retreat as Prices Slip to 1-Month Low on U.S. Economy – Bloomberg

Gold ends at lowest in a month as Fed guessing game plays on – Marketwatch

Chinese investors buy coins, bars as haven from global economic uncertainty – WSJ

Five Years That Changed Silver Forever – Butler – Silver Seek

Selling a 100 oz Silver Bar for $25 Dollars ! – Mark Dice via YouTube

2016: The End of the Global Debt Super Cycle – Palisade Research

It’s 1790 All Over Again – Salinas Price via Plata

Read More Here

‘7 Real Risks To Your Gold Ownership’ – Must Read Gold Guide Here

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Mark O'Byrne

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