“We Are In A Long-Term Bull Market for Gold and Silver” – O’Byrne on IG TV


Currency is being created ‘on scale never seen before in the history of mankind’

Mark O’Byrne, research director at GoldCore.com told IG TV that markets are likely in a long-term bull market for gold and silver and a bear market for equities as the pandemic weighs on the global economy and creates a recession or an economic depression.

Gold has made significant gains this year, with investors flocking to invest in the safe-haven asset amid the Covid-19 pandemic, which has wreaked havoc on global equities.

Gold is outperforming other assets and has delivered a 12% dollar return in 2020 year to date. Gold has seen even greater returns in other currencies and is 15% higher in euros and 19% higher in pounds year to date.

According to Mark O’Byrne, research director at Goldcore, investors can expect a long-term bull market for gold and silver and a bear market for equities as the coronavirus continues to weigh on the global economy.

When asked if gold prices could push above the $1700 mark on a sustainable basis, O’Byrne said that it is ‘a question of when, rather than if’, with the economic fallout of Covid-19 crisis so severe it has seen governments printing money ‘on scale never seen before in the history of mankind’ and currencies will fall in value against real assets like gold and silver.

Silver is particularly undervalued and silver rising back to $50/oz is a very conservative estimate indeed and we will get back to those levels again in the coming years.

Watch interview here



NEWS and COMMENTARY

Gold slips as stronger dollar outweighs coronavirus worries

ECB urges measures worth 1.5 trln Euros to tackle virus crisis in euro zone

EU ministers fail to agree virus economic rescue in all-night talks

Japan’s economy has been dealt the ‘final blow’ by the coronavirus pandemic, says analyst

‘Cash Is Trash,’ Own Gold as Printing Presses Roll – Dalio on Reddit

Should we invest in gold as the coronavirus spreads? GoldCore via Sunday Times


Editors Note: The shortage of gold bullion coins and bars continues and may deepen as prices move higher. It is not just smaller one ounce bullion coins and bars that are difficult to source but also larger gold and silver bars including gold kilo bars (32.15 ozs) worth and 1,000 oz silver bars. Due to our direct relationships with government mints and refineries we continue to source large bars and some gold coins and bars in 1 oz formats. Silver coins in 1 oz format are not available from the government mints yet.

Watch Yesterday’s Live Video Update


Watch interview here


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

07-Apr-20 1652.20 1649.25, 1344.23 1333.75 & 1519.53 1511.21
06-Apr-20 1636.60 1648.30, 1330.72 1341.06 & 1515.49 1526.66
03-Apr-20 1609.75 1613.10, 1310.66 1315.97 & 1490.47 1495.34
02-Apr-20 1588.05 1616.80, 1277.59 1307.02 & 1452.27 1489.72
01-Apr-20 1594.25 1576.55, 1288.95 1270.23 & 1457.94 1442.86
31-Mar-20 1604.65 1608.95, 1299.61 1296.81 & 1461.52 1468.81
30-Mar-20 1624.35 1618.30, 1312.56 1305.97 & 1466.88 1466.02
27-Mar-20 1621.20 1617.30, 1325.33 1316.16 & 1473.18 1469.48
26-Mar-20 1620.10 1634.80, 1361.37 1358.19 & 1480.12 1487.01
25-Mar-20 1620.95 1605.45, 1357.22 1371.38 & 1494.84 1486.17
24-Mar-20 1599.50 1605.75, 1362.61 1371.47 & 1472.98 1489.49



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, the Tried-and-True Inflation Hedge for What’s Coming!

READ MORE

How High is Too High for Rising Government Bond Yields?

READ MORE

Silver – 7 Reasons it is Still Set to Soar

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, the Tried-and-True Inflation Hedge for What’s Coming!

READ MORE

How High is Too High for Rising Government Bond Yields?

READ MORE

Silver – 7 Reasons it is Still Set to Soar

READ MORE