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 … Continue reading →