This Week’s Golden Nuggets – Central Banks, Goldman, Bank Of America Positive On Undervalued Gold

September 28, 2018

Here is our Friday digest of the important news, commentary, charts and videos we were informed by this week.

We released the Goldnomics Podcast and interviewed the ‘Silver Guru’, David Morgan about how silver and gold have been manipulated lower in the short term, are undervalued and will protect and grow wealth in the coming currency collapse.

Gold and silver prices have fallen again this week and this month and sentiment remains very poor. However, the ‘smart money’ is increasingly positive on gold – including central banks such as the People’s Bank of China and Wall Street banks such as Goldman Sachs and Bank of America (see below).  

Contrarian investors continue to buy cheap financial insurance and are accumulating gold and silver coins and bars on this price dip. Precious metal prices can go lower in the short term but falls to the downside are likely to be mild while the potential upside is very substantial.

At these depressed prices, canny contrarian investors are adopting the investment adage – buy low and sell high.


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. 

The volume of all the gold ever mined can occupy a cube 63 feet on each side.