Everything Bubble Started Bursting In 2018 – GoldCore Video

December 19, 2018

– Review of 2018: ‘Everything bubble’ started bursting
– International stock market indices and many property markets have fallen sharply
–  S&P 500 -4.5%, Nikkei -8%, EuroStoxx 50 -12.5%, FTSE -13%, DAX -16.5%
– Of 54 major international stock market indices, only 6 are higher (see table below)
– Global property bubble bursting – London, Sydney and Vancouver fall nearly 10%
– Crypto bubble burst as bitcoin falls from $20k to below $4k and cryptos collapsed
– Collapse of central bank driven asset bubbles to continue and intensify in 2019
– Gold lower in USD in 2018 but gains in EUR, GBP, AUD, CAD and most currencies

Editors note: In our first Goldnomics podcast this time last year, we considered the outlook for markets in ‘What 2018 has in store for financial markets’ (here).  A year later our conversation looks quite prescient given how stock market (see below) and property market bubbles have started to burst and the collapse of the crypto and bitcoin bubble.

Source: WSJ

Watch ‘2018 – Everything Bubble Starts Bursting’ video here

CHRISTMAS SCHEDULE

We will be closed from 24th of December (next Monday), and reopen again on the 2nd of January (Wednesday). Our last trading day will be on the 21st of December (this Friday) and insured deliveries will begin again in the first week of January 2019.

We wish all our subscribers & clients a Happy Christmas and a Healthy & Wealthy 2019

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Mark O'Byrne is executive and research director of www.GoldCore.com which he founded in 2003. GoldCore have become one of the leading gold brokers in the world and have over 4,000 clients in over 40 countries and with over $200 million in assets under management and storage.We offer mass affluent, HNW, UHNW and institutional investors including family offices, gold, silver, platinum and palladium bullion in London, Zurich, Singapore, Hong Kong, Dubai and Perth. 

Minting of gold in the U.S. stopped in 1933, during the Great Depression.