Gold $€£ 5,000 Per Ounce In “Messy” Global Currency Reset

GoldCore Research Director Mark O’Byrne speaks to Palisade Radio – Listen Here

The coming currency reset will be a “very messy” process as fiat currencies are devalued significantly versus gold.

It would involve fixing the price of gold at a specific price, like $€£ 5,000 or $€£ 10,000 per ounce and it may happen as soon as this year.

Talking Points From This Episode
 • What a currency reset could look like.
 • Futures manipulation in gold and silver.
 • Targets for gold and the potential in silver.
• Has demand for gold coins and bars really fallen in H1?
 • Very high demand for physical silver and high premiums.
 • Gold market seasonality.

It would likely be a global event involving all fiat currencies including the dollar, the euro and the pound and would occur along with global bank “holidays”.

Banks have been prosecuted and found guilty of futures manipulation, particularly in the gold and silver markets. This artificial price volatility can and has discouraged investors from entering the market.

Physical demand is now much higher globally, with premiums skyrocketing across the entire supply chain.

Mark O’Byrne is Director and a founder of GoldCore, which was founded in 2003. He is a staunch believer that due to today’s significant macroeconomic and geopolitical risks, saving and investing a portion of one’s wealth in gold bullion in the safest ways is prudent.


NEWS and COMMENTARY

Gold to Gain on Massive Currency Debasement, SkyBridge Says (Bloomberg)

Gold crawls higher as Fed reiterates economic woes (Reuters)

Today’s ultra-low interest rates are anything but ‘natural’ (FT)

Scotiabank pays $127.4 million to settle gold and silver spoofing claims (Bloomberg)

Fed soon will endorse the inflation that has been running wild for years (Bloomberg)

“It’s All A Smokescreen” and “Gold, Silver and Bitcoin will go through the roof” – Kiyosaki

GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)

19-Aug-20 1993.15 1981.00 1504.23 1498.63 1668.47 1658.30
18-Aug-20 2005.15 2008.75 1522.51 1517.61 1684.53 1680.52
17-Aug-20 1949.85 1972.85 1488.13 1505.68 1645.87 1661.53
14-Aug-20 1948.30 1944.75 1491.42 1482.09 1653.33 1643.31
13-Aug-20 1931.00 1944.25 1476.06 1482.30 1632.47 1640.17
12-Aug-20 1931.70 1931.90 1479.10 1483.70 1642.14 1640.57
11-Aug-20 1996.60 1939.65 1524.40 1479.57 1694.51 1646.76
10-Aug-20 2030.30 2044.50 1552.98 1561.38 1725.35 1734.96
07-Aug-20 2061.50 2031.15 1574.37 1559.52 1743.82 1726.88
06-Aug-20 2049.15 2067.15 1555.30 1569.59 1728.87 1743.43
05-Aug-20 2034.45 2048.15 1553.30 1558.03 1718.09 1722.90
04-Aug-20 1972.25 1977.90 1508.77 1519.62 1671.09 1686.56

 


Access Latest Goldnomics Podcast (Part II) Here


Own gold and silver coins and bars in the safest vaults in Zurich, Singapore, London and Dublin with GoldCore.

Receive Our Award Winning Market Updates In Your Inbox – Sign Up Here



Mark O'Byrne

Also on news-goldcore-com

Videos

When will Silver Break Out? Is Triple Digit Silver Still on the Cards?

Is Gold Still in a Bull Market?

Gold Mining Operation Supply Issues Points to a Sustained Bull Market for Gold

Blog posts

Quantitative Easing: A Boon or Curse?

Central banks’ massive Quantitative Easing (QE) programs have come under scrutiny many times since the central banks fired up the printing press and began quantitative easing programs en masse after the 2008-09 Great Financial Crisis. However, the increase in central bank assets due to quantitative easing programs during the crisis pale in comparison to the […]

READ MORE

The Fed’s Inflation Gamble Continues

The fed’s inflation gamble continues… Are central banks trapped? Last week’s Fed statement and the press conference that followed proved to be the start of a US$90 (4.8%) decline in the gold price. Fed on Economic Recovery The Summary of Economic Projections (known as the dot-plots) released with the statement showed that committee members changed […]

READ MORE

Gold to Gain Momentum in 2021 – Here’s Why

Big ideas are like supertankers filled with oil; both take forever to get moving. The move from one state to another is a boring form of entertainment. However, each is impossible to stop once the momentum has built. Substantial progress can be seen over a period of time and one can notice and understand the […]

READ MORE

Featured

Gold posts its first loss in 11 sessions as Trump’s speech ebbs Iran war worries

READ MORE

China and Russia Are Buying Gold and They Don’t Care How Much It Costs

READ MORE

Gold Is Overvalued in Short-Term, Says Goldcore’s O’Byrne

READ MORE
Newsletter
Category
Archives
Popular

No posts available

Videos

When will Silver Break Out? Is Triple Digit Silver Still on the Cards?

Is Gold Still in a Bull Market?

Gold Mining Operation Supply Issues Points to a Sustained Bull Market for Gold

Blog posts

Quantitative Easing: A Boon or Curse?

Central banks’ massive Quantitative Easing (QE) programs have come under scrutiny many times since the central banks fired up the printing press and began quantitative easing programs en masse after the 2008-09 Great Financial Crisis. However, the increase in central bank assets due to quantitative easing programs during the crisis pale in comparison to the […]

READ MORE

The Fed’s Inflation Gamble Continues

The fed’s inflation gamble continues… Are central banks trapped? Last week’s Fed statement and the press conference that followed proved to be the start of a US$90 (4.8%) decline in the gold price. Fed on Economic Recovery The Summary of Economic Projections (known as the dot-plots) released with the statement showed that committee members changed […]

READ MORE

Gold to Gain Momentum in 2021 – Here’s Why

Big ideas are like supertankers filled with oil; both take forever to get moving. The move from one state to another is a boring form of entertainment. However, each is impossible to stop once the momentum has built. Substantial progress can be seen over a period of time and one can notice and understand the […]

READ MORE

Featured

Gold posts its first loss in 11 sessions as Trump’s speech ebbs Iran war worries

READ MORE

China and Russia Are Buying Gold and They Don’t Care How Much It Costs

READ MORE

Gold Is Overvalued in Short-Term, Says Goldcore’s O’Byrne

READ MORE