Pandemic, Lockdowns, Fake and Manipulated Markets – Gold and Silver Outlook

Watch Video Update (Live 12/05/2020


The massive global debt driven “Everything Bubble” is bursting due to the pandemic and more specifically the governments draconian economic lockdowns

A dollar crisis is inevitable with U.S. government debt surging by some $2 trillion in a matter of weeks and ballooning to over $25 trillion

◆ Wall Street has just been bailed out at the expense of Main Street and families and businesses in the U.S. and throughout most of the industrial world


Gold and particularly silver remain good value for those looking for safe havens to hedge the risk of financial dislocations and collapse

◆ Due to ongoing price manipulation in the futures market they have yet to price in the scale of the coming crisis; silver is actually lower despite massive demand as seen in a surge in silver ETF holdings, shortages of silver coins and bars and elevated premiums on gold but particularly silver

◆ This is much more than a “logistics” issue and is more due to actual shortages of physical metal from mines, mints and refineries and very strong global demand

◆ Gold and silver, if owned in the safest of ways, will protect people, families and companies in the coming global financial and monetary crisis


◆ Open an account with GoldCore here

◆ All the best from Stephen, Mark and the team. Be well!




Gold in USD – 3 Days



NEWS and COMMENTARY

31 Gold and Silver Charts – Demand Will Soar and Gold Will Surge Once It Surpasses $1,900/oz (GoldChartsRUs)

“This event coming into play just prior to taking out all time highs at $1900 after which one could expect the prices to accelerate & demand soar.”



Coronavirus Sickens Almost 90 at Biggest Russian Gold Mine (Bloomberg)

Gold ETFs Luring Record Amounts of Cash Despite Risk-Asset Rally (Bloomberg)

Gold steady as firmer dollar offsets fears of new infections (Reuters)

Global equities markets waver, bonds dip on fears of second wave of infections (Reuters)

U.S. has no need to buy back debt, will take advantage of low interest rates: Mnuchin (Reuters)

Over 80% of U.S. small businesses expect longer impact of pandemic: survey (Reuters)

As U.S. meat workers fall sick and supplies dwindle, exports to China soar (Reuters)

Here’s what gold does when the U.S. government goes on a borrowing binge (Marketwatch)




“Yes It Will. The Only Question Is When” – WATCH HERE



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

11-May-20 1698.80 1702.75, 1375.35 1378.55 & 1570.20 1571.81
07-May-20 1688.65 1704.05, 1366.29 1387.78 & 1565.21 1582.38
06-May-20 1698.90 1691.50, 1373.56 1366.73 & 1574.71 1564.13
05-May-20 1696.30 1699.55, 1363.83 1363.72 & 1566.36 1562.91
04-May-20 1703.70 1709.10, 1371.14 1374.63 & 1558.72 1563.83
01-May-20 1673.05 1686.25, 1332.08 1347.15 & 1523.14 1536.68

30-Apr-20 1716.75 1702.75, 1373.92 1361.69 & 1577.86 1568.91
29-Apr-20 1706.00 1703.35, 1371.97 1368.64 & 1569.69 1568.10
28-Apr-20 1708.10 1691.55, 1367.68 1357.98 & 1571.11 1559.27
27-Apr-20 1717.25 1714.95, 1381.36 1380.19 & 1582.96 1581.18
24-Apr-20 1727.25 1715.90, 1401.32 1391.59 & 1604.96 1589.09
23-Apr-20 1727.55 1736.25, 1399.49 1405.84 & 1601.78 1608.64
22-Apr-20 1702.65 1710.55, 1377.95 1388.28 & 1567.46 1576.44
21-Apr-20 1678.60 1682.05, 1328.16 1364.82 & 1548.00 1547.82
20-Apr-20 1684.95 1686.20, 1349.14 1355.70 & 1547.63 1551.98



NOTE: Inbound deliveries to our Loomis and Brink’s vaults in Zurich, Singapore, London and Dublin have resumed and to ensure liquidity, investors can move their assets to our vaults from safe deposit box companies, bullion stored with banks or digital gold platforms or ETFs.

We have resumed buying non stored bullion again and are buying gold and silver coins and bars at attractive premiums. Please email us for shipping instructions to vaults: support@goldcore.com



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


Mark O'Byrne

Also on news-goldcore-com

Videos

Are We In A Financial Bubble? Peter Grandich Interview

Marc Faber Interview 2021: Don’t Sell Your Gold

Buy Physical Silver Now- Gary Savage

Blog posts

Central Banking Is A Joke, And You Are The Punchline

British Prime Minister Boris Johnson gets paid less than Canadian Prime Minister Justin Trudeau. Each of them is getting less salary than US President Joe Biden’s US$400,000. Why do we want you to know this?  Because each is paid well enough already. And each of them holds a job that contains implied fiduciary duties to […]

READ MORE

Are We In A Financial Bubble? Peter Grandich Interview

Peter Grandich is Dave Russell’s guest on GoldCore TV this week and talks about how he believes that the US financial, political, and military reputation has been seriously damaged. Watch the Video to Learn More Make sure you don’t miss a single episode… Subscribe to our YouTube channel Don’t Sell Your Gold!Watch Dr. Marc Faber on GoldCore […]

READ MORE

Money printing is worse than bad sushi!

Today we watched a video of the Chinese demolishing dozens of high-rise apartment blocks per government mandate, the video is here. This implosion video reached us on the same day that China’s largest real estate development company Evergrande seems ready to also implode its balance sheet.  Here is a story from Reuters with a video […]

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

Are We In A Financial Bubble? Peter Grandich Interview

Marc Faber Interview 2021: Don’t Sell Your Gold

Buy Physical Silver Now- Gary Savage

Blog posts

Central Banking Is A Joke, And You Are The Punchline

British Prime Minister Boris Johnson gets paid less than Canadian Prime Minister Justin Trudeau. Each of them is getting less salary than US President Joe Biden’s US$400,000. Why do we want you to know this?  Because each is paid well enough already. And each of them holds a job that contains implied fiduciary duties to […]

READ MORE

Are We In A Financial Bubble? Peter Grandich Interview

Peter Grandich is Dave Russell’s guest on GoldCore TV this week and talks about how he believes that the US financial, political, and military reputation has been seriously damaged. Watch the Video to Learn More Make sure you don’t miss a single episode… Subscribe to our YouTube channel Don’t Sell Your Gold!Watch Dr. Marc Faber on GoldCore […]

READ MORE

Money printing is worse than bad sushi!

Today we watched a video of the Chinese demolishing dozens of high-rise apartment blocks per government mandate, the video is here. This implosion video reached us on the same day that China’s largest real estate development company Evergrande seems ready to also implode its balance sheet.  Here is a story from Reuters with a video […]

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