Daily Market Update

Turbulence and Brexit Make Safer Options Like Gold and Cash Essential

Turbulence and Brexit Make Safer Options Like Gold and Cash Essential

– Turbulent markets and Brexit mean it is essential to consider safer options like gold
– You need to take some risk in a portfolio – cash, gold and planning are essential
– To build a financial fortune & long-term wealth one must diversify assets & own gold
– “Physical gold (bars & coins) can be bought from an online bullion dealer –the likes of Goldcore” writes Jeff Prestridge for This Is Money UK
– Gold is considered by many to be a “safe haven in stormy times”



by Jeff Prestridge for This is Money:

Accumulating sufficient wealth to take us into – and through – retirement usually requires a near lifetime of patient saving and investing.

It involves putting money in the building society, buying a home (maybe a buy-to-let too), paying into the works pension, managing a share portfolio and taking out a tax-friendly Isa.

Often the journey is smooth but, on occasions, hiccups de-rail it – unexpected events such as redundancy and unnerving episodes such as sliding stock markets. Certainly, recent sharp falls in equity prices have unsettled many investors.

Excerpt of article and full article can be accessed on This Is Money here

 

Watch Our Latest Video Updates On YouTube Here

 

News and Commentary

May Faces Worst Government Defeat in 95 Years in Brexit Vote (Bloomberg.com)

Gold steady as dollar gains on fears of economic slowdown (Reuters.com)

Gold prices finish higher, but $1,300 remains just out of reach (MarketWatch.com)

Newmont takes top gold producer spot with $10 billion Goldcorp buy (Reuters.com)

Wall Street falls as China prompts global slowdown worries (Reuters.com)

Source: Marketwatch

Turbulent markets make it essential to consider safer options like gold (GoldCore in ThisIs Money) (ThisIsMoney.co.uk)

U.K. Economy Won’t Ride Out Brexit Uncertainty This Time (Bloomberg.com)

Germany – Europe’s biggest economy is in danger of entering a ‘technical’ recession (MarketWatch.com)

Explosion in U.S. debt foretells dollar’s devaluation against gold (Tocqueville.com)

2019 Will Be “Turbulent”: Gold and Silver To Outperform Most Assets (GoldSeek.com)

Gold and Commodities Set to Soar in 2019 (Forbes.com)

Listen on SoundCloud , Blubrry & iTunesWatch on YouTube below

Gold Prices (LBMA PM)

14 Jan: USD 1,293.70, GBP 1,007.02 & EUR 1,129.27 per ounce
11 Jan: USD 1,298.80, GBP 1,012.91 & EUR 1,123.96 per ounce
10 Jan: USD 1,292.40, GBP 1,012.98 & EUR 1,121.54 per ounce
09 Jan: USD 1,281.30, GBP 1,006.41 & EUR 1,118.32 per ounce
08 Jan: USD 1,291.90, GBP 1,006.71 & EUR 1,121.62 per ounce
07 Jan: USD 1,291.50, GBP 1,013.83 & EUR 1,129.03 per ounce
04 Jan: USD 1,290.35, GBP 1,016.80 & EUR 1,131.24 per ounce

Silver Prices (LBMA)

14 Jan: USD 15.61, GBP 12.13 & EUR 13.61 per ounce
11 Jan: USD 15.68, GBP 12.23 & EUR 13.60 per ounce
10 Jan: USD 15.70, GBP 12.33 & EUR 13.63 per ounce
09 Jan: USD 15.62, GBP 12.27 & EUR 13.64 per ounce
08 Jan: USD 15.64, GBP 12.24 & EUR 13.64 per ounce
07 Jan: USD 15.75, GBP 12.35 & EUR 13.77 per ounce
04 Jan: USD 15.70, GBP 12.40 & EUR 13.76 per ounce

Recent Market Updates

– Where Will The “Pending” Financial Crisis Originate?
– Gold and Silver Prices To Rise To $1,650 and $30 By 2020? Video Update
– Gold Outlook 2019: Uncertainty Makes Gold A “Valuable Strategic Asset” – WGC
– Blackrock Say Gold Will Be A “Valuable Portfolio Hedge” In 2019
– Financial Advice In 2019: Own Gold To Hedge $250 Trillion Global Debt Bubble – GoldCore In Irish Times
– China Adds 320,000 Ounces To Gold Reserves – First Central Bank Purchase Since October 2016
– Gold At 6 Month High At $1,300 and All Time Record Highs In Australian Dollars Over $1,870
– Gold Hedges Stock Market Falls In 2018 – Gains 2.7% In Euros and 3.8% In Pounds
– Hope For Best In 2019 But Prepare For Worst by Increased Allocations to Gold and Silver – Outlook 2019 Podcast
– Prepare For Global Debt Bubble Collapse – Outlook 2019
– Happy Christmas From All The Team in GoldCore

Mark O'Byrne
Executive Director

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