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.
undefined
Disclosure: The information in this document has been obtained from sources, which we believe to be reliable. We cannot guarantee its accuracy or completeness. It does not constitute a solicitation ...
Disclosure: The information in this document has been obtained from sources, which we believe to be reliable. We cannot guarantee its accuracy or completeness. It does not constitute a solicitation for the purchase or sale of any investment. Any person acting on the information contained in this document does so at their own risk. Recommendations in this document may not be suitable for all investors. Individual circumstances should be considered before a decision to invest is taken. Investors should note the following: Past experience is not necessarily a guide to future performance. The value of investments may fall or rise against investors' interests. Income levels from investments may fluctuate. Changes in exchange rates may have an adverse effect on the value of, or income from, investments denominated in foreign currencies. GoldCore Limited, trading as GoldCore is a Multi-Agency Intermediary regulated by the Irish Financial Regulator.
GoldCore is committed to complying with the requirements of the Data Protection Act. This means that in the provision of our services, appropriate personal information is processed and kept securely. It also means that we will never sell your details to a third party. The information you provide will remain confidential and may be used for the provision of related services. Such information may be disclosed in confidence to agents or service providers, regulatory bodies and group companies. You have the right to ask for a copy of certain information held by us in our records in return for payment of a small fee. You also have the right to require us to correct any inaccuracies in your information. The details you are being asked to supply may be used to provide you with information about other products and services either from GoldCore or other group companies or to provide services which any member of the group has arranged for you with a third party. If you do not wish to receive such contact, please write to the Marketing Manager GoldCore, 63 Fitzwilliam Square, Dublin 2 marking the envelope 'data protection'