Daily Market Update

Keiser Report Interview: Peak Gold, Silver On Small Finite Planet

Peak Gold and Silver On “Small Finite Planet” With Near Infinite Currency

Peak gold and silver and the case for peak precious metals on “our small, finite planet” was the topic for discussion on the latest episode of the the Keiser Report.

(Max Keiser interview of Mark O’Byrne of GoldCore in 2nd half of show at 13 min 15 seconds)

Topics covered in the interview

– Small planet with finite resources including gold, silver
– Resources finite but near infinite creation of currency
– Derivatives and fiat currency creation going exponential
– Primary gold production fell in 2016 – Thomson Reuters
Peak gold – “biggest gold story not reported”
– Harder to pinpoint peak silver as is mining byproduct
– South African gold production is ‘canary in gold mine’
– SA gold production collapsed over 80% – from over 1,000 metric tonnes in 1970 to just 167.1 metric tonnes in 2016

– Price manipulation suppressing precious metals
– Supply demand deficits should result in “much higher prices” in the medium and long term
– Investors beginning to “see through the artificial nature of the sell offs” and accumulating on dips

Max and Stacy discuss the all talk, no action of young people and the ‘we’re going to rise up one day generation’ in the first half of the show. Central banks have become all talk, all action with their monetary revolution and currency debasement on a scale that the world has never seen before. They also look at how the UK enslaved itself in massive debt and is now a wholly owned subsidiary of the City of London.

Watch Interview Here

Related Content

Peak Gold – Biggest Gold Story Not Being Reported

‘Peak Gold’ – Gold Production Collapse Continues In South Africa

Peak Gold – Did Gold Production Peak in 2015?

Gold and Silver Bullion – News and Commentary

Gold edges up, but set for worst week since Nov (Reuters.com)

Metals Extend Sell-Off on Mounting China Concerns, Fed Outlook (Bloomberg.com)

Oil Tumbles Again, Asian Equities Fall Before Jobs (Bloomberg.com)

Gold Miners See Super-Sized Stock Moves on Earning Surprises (Bloomberg.com)

Iran’s Gold Jewelry Demand Rises to 4-Year High, Bucks Oil Slump (Bloomberg.com)

Source: Themacrotourist.com via Bloomberg

Fed To Send Gold Higher Later In Summer – Rickards (Bloomberg.com)

Fed Raises Into Weakness, Sends Gold Higher – Rickards (DailyReckoning.com)

Own physical gold and silver to protect from futures manipulation (TFMetalsReport.com)

Hardest Trades Are Often Right: Time To Buy Silver? (ZeroHedge.com)

Why are US stocks so expensive, and how long can it last? (MoneyWeek.com)

Gold Prices (LBMA AM)

05 May: USD 1,239.40, GBP 958.06 & EUR 1,130.33 per ounce
04 May: USD 1,235.85, GBP 958.15 & EUR 1,131.05 per ounce
03 May: USD 1,253.95, GBP 971.18 & EUR 1,148.99 per ounce
02 May: USD 1,255.80, GBP 974.25 & EUR 1,150.19 per ounce
28 Apr: USD 1,265.55, GBP 978.40 & EUR 1,156.84 per ounce
27 Apr: USD 1,264.30, GBP 980.21 & EUR 1,160.63 per ounce
26 Apr: USD 1,264.95, GBP 986.79 & EUR 1,160.21 per ounce

Silver Prices (LBMA)

05 May: USD 16.27, GBP 12.58 & EUR 14.85 per ounce
04 May: USD 16.50, GBP 12.80 & EUR 15.09 per ounce
03 May: USD 16.85, GBP 13.04 & EUR 15.44 per ounce
02 May: USD 16.95, GBP 13.12 & EUR 15.53 per ounce
28 Apr: USD 17.41, GBP 13.45 & EUR 15.92 per ounce
27 Apr: USD 17.46, GBP 13.53 & EUR 16.02 per ounce
26 Apr: USD 17.59, GBP 13.72 & EUR 16.15 per ounce

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Mark O'Byrne
Executive Director


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