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Gold Remains The ‘Canary In The Coal Mine’ And Is Again Warning Of Currency Crisis

Executive & Research Director @ GoldCore
May 13, 2020

◆ “There is always going to be those who have a vested interest in it not going past the all time high for as long as they can attempt to manage that”

◆ “It is all about maintaining faith in the dollar and they do not want gold going to $2,500 or $3,000 per ounce … and they will do all that they can to prevent that.”

◆ Gold will again “become the ‘canary in the coal mine’ which is singing with respect to the dollar” … “showing that you have serious systemic issues.”

◆ “By manipulating gold prices, it creates a false sense of security for people … as people see gold has not hit record highs and think that means that we do not have a currency crisis and there is no risk to the dollar. The mainstream is not talking about the risks to the dollar and it is not in the mainstream narrative at all or in the mainstream media.

◆ This is despite America has never being more dysfunctional … the American economy looks like it is going to collapse … it is civil war politics over there ahead of the election.”

◆ “Monster of financialisation of America and much of the industrial world have undermined the fundamentals of the economies and the poor and the middle classes will be impacted the most.”

◆ “Gold market supply issues are not simply due to “logistics” but due to a lack of supply of unencumbered gold in London and New York which is not already owned.”

◆ “In the very short term, gold and silver may go lower but the medium and long term outlook is as good as it was in 2001 and in early 2009.”

◆ These financial, monetary and systemic risks highlight the importance of avoiding gold ETF products and owning physical gold unencumbered outside the banking and financial system

◆ “People need to protect themselves and their businesses and become financially and monetarily free by owning gold in the safest way”

Watch and Read Other Key Points From Interview Here

Gold in USD – 3 Days


Mark O'Byrne is executive and research director of 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. 

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