Daily Market Update

Australia and American Property Markets To Crash Like Ireland?

Australian, American and British People Need To Learn Lessons from Ireland

‘First Hand View From Ireland’ – Martin North & Eddie Hobbs

Australian financial expert, Martin North discusses the Irish property crash and financial crisis a decade ago with financial writer and adviser Eddie Hobbs.

The interview is excellent and well worth a watch as it considers the important financial, political and most importantly social consequences of housing market and property crashes.

Hobbs was one of the few voices in Ireland, along with David McWilliams, Jill Kerby and ourselves (trading as Gold Investments), who clearly warned of the coming crash in Ireland in 2005 and 2006.

Australian and Canadian housing prices in large cities have been falling sharply as have those in London. The Dublin housing market in Ireland and many other housing markets are vulnerable as we have looked at in recent months.

Property bubbles in London, Hong Kong, Munich, Toronto, Vancouver, Amsterdam, Stockholm, Paris, San Francisco, Frankfurt, Melbourne, Perth and Sydney appear particularly vulnerable.

Financial history rarely repeats but it frequently rhymes … Learn from Ireland’s recent financial history … watch here



Watch Video – Are Global Property Bubbles Starting to Burst?

News & Commentary

Gold scales near 2-week peak as dollar dips after U.S. GDP data (Reuters.com)

Stocks Mixed at Start of Data-Rich Week; Oil Slips: Markets Wrap (Bloomberg.com)

Investors Brace for a Big Week of Insights Into World Economy (Bloomberg.com)

Russia gains gold to diversify reserves, not to distrust dollar, central banker says (CNBC.com)

Traders are now pricing in nearly a 72% chance of a rate cut by the end of January 2020 (Bloomberg.com)

U.S. economy expands 3.2 percent in first quarter; growth details weak (Reuters.com)

Asia Gold Demand sparkles in India ahead of festival, steady elsewhere (Reuters.com)

Why does Romania want to bring back its foreign gold? (Euronews.com)

America’s crippling debt: Every man, woman & child owes Uncle Sam $220,000 (RT.com)

“This Is Bigger Than Gold & Silver Manipulation” – GATA Secretary (ZeroHedge.com)

No one in authority helped the monetary metals cause as much as Bart Chilton did (GATA.org)

3 Reasons Why Gold Will Outperform Equities And Bonds (Forbes.com)

Gold Prices (LBMA PM)

26 Apr: USD 1,281.50, GBP 992.78 & EUR 1,150.02 per ounce
25 Apr: USD 1,277.85, GBP 991.87 & EUR 1,146.87 per ounce
24 Apr: USD 1,273.80, GBP 984.90 & EUR 1,135.34 per ounce
23 Apr: USD 1,273.45, GBP 979.67 & EUR 1,131.46 per ounce
18 Apr: USD 1,276.50, GBP 981.12 & EUR 1,134.17 per ounce

Silver Prices (LBMA)

26 Apr: USD 15.00, GBP 11.62 & EUR 13.47 per ounce
25 Apr: USD 14.86, GBP 11.55 & EUR 13.36 per ounce
24 Apr: USD 14.80, GBP 11.44 & EUR 13.21 per ounce
23 Apr: USD 14.97, GBP 11.51 & EUR 13.31 per ounce
18 Apr: USD 15.00, GBP 11.49 & EUR 13.27 per ounce

Recent Market Updates

– Death of Inflation and the Death of Equities?

– SWOT Analysis: Venezuela Sells $400 Million Worth Of Gold Bullion

– World’s Central Banks Want More Gold – India May Buy 1.5M Ounces In 2019

– Russia’s 2019 Gold Rush Continues: Buys 600,000 Ounces of Gold In March

– When Should You Sell Your Gold and Silver? (GoldCore Video)

– Understanding Gold: A Step By Step Guide To Gold As An Asset Class

– World Trade Suffers Biggest Collapse Since Financial Crisis

– Exclusive Offer: Secure Gold and Silver Storage In Zurich For Free For Six Months

Mark O'Byrne
Executive Director

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