Tom welcomes a new guest to the show Mark O’Byrne who is Research Director and founder of GoldCore, a Bullion dealer based out of Ireland. They provide services and bullion sales around the world, with vaults in Singapore and Switzerland.
Mark discusses his outlook for the precious metals markets and what lead him to start a bullion business. He outlines the differences between bail-outs and bail-ins and why he thinks bail-ins are less likely to occur. It seems that governments are planning on inflating their issues away instead.
They had concerns about the liquidity and political situation in Hong Kong, so choose to move their operations out. Jurisdiction is an important consideration when storing precious metals. He feels the confiscation risk to Americans is low because so few have physical silver but cautions that ETF’s who hold significant quantities could be a target.
His expectations for silver are quite bullish and cautions that at times price manipulation is a real issue. He does expect a short squeeze situation to develop at some point, which could quickly drive prices much higher.
Time Stamp References:
0:30 – The starting of GoldCore.
4:26 – Bail-ins and bail-outs.
5:50 – Bank account guarantees.
7:00 – Why countries may inflate.
8:40 – Their focus is on bullion.
12:30 – Jurisdictional risks.
22:00 – Silver outlook.
26:45 – Systemic risks and debt reset.
29:45 – Stay optimistic we will get thru this.
Talking Points From This Episode
• Overview of GoldCore.
• What to expect with bail-ins and bail-outs.
• Liquidity and jurisdiction for the gold market.
• Bullish for silver and currency resets.
Mark O’Byrne is Director and a founder of GoldCore, which began in 2003. He is a staunch believer that due to the significant macroeconomic and geopolitical risks of today, saving and investing a portion of one’s wealth in gold bullion is both wise and prudent.
He has been an Executive Director in GoldCore since its foundation, and today is Marketing and Research Director.
Mark has a B.A. in History and Greek and Roman Civilisation from University College Dublin, and this gives me an insight and a prism with which to view today’s turbulent world. He is a regular contributor to media internationally and takes part in the Reuters, CNBC, and Bloomberg gold and precious metal surveys. GoldCore is now an acknowledged expert on precious metals, and their research is respected as informative and enlightening.
Twitter: @Goldcore @marktobyrne
Website: GoldCore
MEET THE HOSTS
Tom BodrovicsTom is a private investor from western Canada with a background in oil and gas. In 2014 he identified the top of the housing cycle and sold his home…Collin KettellCollin is the Founder & Executive Chairman of Palisades Goldcorp Ltd., Canada’s newest resource focused merchant bank. He comes from a family with deep ties to the mining, including…Jordan Roy-ByrneJordan Roy-Byrne, CMT, MFTA is a Chartered Market Technician and member of the Market Technicians Association. He is the publisher and editor of TheDailyGold.com, a publication which emphasizes market…