Prepare Now For Global Financial Crisis - Jim Willie Interviews Mark O’Byrne

February 20, 2019

Jim Willie interviews Mark O’Byrne of GoldCore about the slowly erupting Global Financial Crisis II and the importance of being financially prepared but also “psychologically prepared”

– “Not a single thing has been fixed” and vitally important people prepare now for the “next phase” of the currency wars and the global financial crisis which is set to impact financial markets, stocks, bonds, banks (what happened to Wells Fargo last week?) and bankrupt governments in the UK, EU and US

– The Global Monetary RESET will see the “Third World” dollar sharply devalued and paper wealth and assets including stocks, corporate and government bonds become much more volatile and risky

– US Treasuries are no longer a risk free asset as the United States will either “formally default or restructure” the $22 trillion US debt and the $100 trillion to $200 trillion of unfunded government liabilities

– Gold coins and bars are the primary store of value in the coming Currency Wars and the Cashless Society, especially given the likelihood of COMEX gold defaults and collapse of the LBMA unallocated gold market says Mark O’Byrne

– Jim Willie on the coming radical changes in the global gold market and reversion to physical price discovery and new pricing involving premiums on physical gold (kilo gold bars) in major gold trading, storage and liquidity centres such as Zurich, Mumbai, Singapore, Shanghai etc

– Asset allocation and the case for having much higher allocations to gold and silver as safe haven dollar and Treasuries are questioned due to the “Third World finances” of the U.S.  Jim Willie recommends higher allocations to physical precious metals and says tongue in cheek, “more like 40% in gold and the rest in silver”

– Key facts about owning gold and silver coins and bars, premiums on gold and silver bullion, the safest vaults and the safest jurisdictions or countries in the world

– Importance of having actual gold & silver coins and bars in your possession or having outright legal ownership of physical bullion in allocated and segregated storage, in bailment and in your name

– Global Financial Crisis II is “going to be much, much bigger” … prepare now

Jim Willie of the Golden Jackass Interview of GoldCore’s Mark O’Byrne via and courtesy of Gadfly TV

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Jim Willie

Jim Willie

Jim Willie CB, also known as the “Golden Jackass”, is an insightful and forward-thinking writer and analyst of today's events, the economy and markets. In 2004 he launched the popular website http://www.goldenjackass.com that offers his articles of original “out of the box” thinking as well as content from top analysts and authors. He also has a popular and affordable subscription-based newsletter service, The Hat Trick Letter, which you can learn more about here.  

Jim Willie Background

Jim Willie has experience in three fields of statistical practice during 23 industry years after earning a Statistics PhD at Carnegie Mellon University. The career began at Digital Equipment Corp in Metro Boston, where two positions involved quality control procedures used worldwide and marketing research for the computer industry. An engineering spec was authored, and my group worked through a transition with UNIX. The next post was at Staples HQ in Metro Boston, where work focused on forecasting and sales analysis for their retail business amidst tremendous growth.

Jim's career continues to make waves in the financial editorial world, free from the limitations of economic credentials.

Jim is gifted with an extremely oversized brain as is evidenced by his bio picture. The output of that brain can be found in his articles below, and on the Silver-Phoenix500 website, on his own website, and other well-known financial websites worldwide.

For personal questions about subscriptions, contact Jim Willie at JimWillieCB@aol.com

 

In the Aztec language the name for gold is teocuitlatl which means "excrement of the gods."