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Mark O'Byrne



Articles by Mark O'Byrne

Gold Investors Taking Possession and Repatriating Gold To Home Country

April 30, 2019

Newstalk’s Bobby Kerr Interviews GoldCore’s Mark O’ Byrne

There is a growing movement by investors and central banks internationally to “repatriate” gold and own it “in country” due to concerns of gold confiscation and financial repression involving capital and exchange controls. A form of gold confiscation has already been seen with Venezuela unable to repatriate their remaining gold from the Bank of England.

Due to persisting uncertainty regarding the outcome of Brexit and other global risks, Irish and some international investors are preferring to store their gold bullion in Dublin and rather than London and other locations.

Many investors, institutions and central banks are moving to take possession and ownership of their gold bullion and or

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Australia and Many Property Markets To Crash Like Ireland?

April 29, 2019

Australian, American and British People Need To Learn Lessons from Ireland

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‘First Hand View From Ireland’ – Martin North & Eddie Hobbs

Australian financial expert, Martin North discusses the Irish property crash and financial crisis a decade ago with financial writer and adviser Eddie Hobbs.

The interview is excellent and well worth a watch as it considers the important financial, political and most importantly social consequences of housing market and property crashes.

Hobbs was one of the few voices in Ireland, along with David McWilliams, Jill Kerby and ourselves (trading as Gold Investments), who clearly warned of the coming crash in Ireland in 2005 and 2006. Australian and Canadian housing prices in large

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Inflation Is Here and Coming

April 26, 2019

Is Inflation Dead? – Bloomberg Business Week

Inflation Is Here and Coming

From a contrarian perspective, the front page of Bloomberg Business Week this week is a classic contrarian sign that we may be on the verge of a serious bout of inflation or indeed stagflation as the global economy slows sharply and currencies are devalued again.

The online version of article, ‘Did Capitalism Kill Inflation?’  is well worth a read.

It ignores the fact that there has been massive increase in debt, inflation in asset markets and in particular in property markets – both to rent and to buy residential and commercial property.

It exonerates central bankers from creating very significant inflation in apartments, houses and property markets – the

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SWOT Analysis:Venezuela Sells $400 Million Worth Of Gold Bullion

April 25, 2019

Venezuela Sells $400 Million Worth Of Gold Bullion Via GoldSeek
Strengths

The best performing metal this week was palladium, up 3.52 percent as CPM Group noted that the price could climb to $1,800 on supply constraints. Gold traders and analysts switched from bullish to mostly neutral or bearish on the yellow metal this week, according to the weekly Bloomberg survey.
Turkey’s gold reserves reversed this week by rising $227 million from the previous week. The central bank’s holdings are now worth $20.9 billion as of April 12, according to official figures. Kazakhstan also increased its gold holdings to 11.63 million ounces in March, up from 11.46 million in February. Mexico, too, raised gold reserves by 3.86 million ounces last month.
Bloomberg’s Cormac

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World’s Central Banks Want More Gold – India May Buy 1.5M Ounces In 2019

April 24, 2019

Royal Bank of India (RBI) may buy another 1.5 million oz this year according to OCBC
Many other central banks including large creditor nations Russia and China are also adding to gold holdings
via Bloomberg

India’s central bank is likely to join counterparts in Russia and China scooping up gold this year, adding to its record holdings and lending support to worldwide gold bullion demand as top economies diversify their reserves.

The Reserve Bank of India’s purchases are part of a wider picture across developing economies that are looking at de-dollarizing their foreign-exchange reserves, according to Ross Strachan at Capital Economics Ltd. The RBI’s buying trend can be sustained for a number of years in relatively small quantities, as part of a

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Russia’s 2019 Gold Rush Continues: Buys 600,000 Ounces of Gold In March

April 23, 2019

– Russia buys 18.7 tonnes of gold bullion in March 2019
– Russia’s official gold holdings are now 2,150.5 tonnes which as a percent of foreign exchange reserves in gold is 19.1% (see table)
– Russia liquidated 85% of its US Treasury holdings in just two months in April and May 2018
– Russia dumped over $90 billion of Treasuries in April and May as holdings collapsed from near $100 billion to just $9 billion
– Russia sees gold’s role as independent currency and safe haven as is a “100% guarantee from legal and political risks”
– Russia and China’s gold buying is set to continue and may accelerate

Source: Goldchartsrus.com

Russia and it’s central bank added another 600,000 troy ounces or 18.7 tonnes of gold to its reserves in March according to the

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When Should You Sell Your Gold and Silver? (GoldCore Video)

April 19, 2019

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Watch Video Here

– Your family who once dismissed you as a crazed gold bug, now herald you as an investment guru!
– When there is widespread confidence in the dollar, euro, pound and all fiat currencies
– When the next financial and monetary crisis is over and a degree of stability and sanity prevails!
– When the massive global debt bubble has burst and the debt burden has been reduced or eliminated
– When banks and sovereigns are not massively indebted and vulnerable
– Gold and silver reach and or surpass their inflation adjusted record highs from 1980 and 2011
– The Gold silver ratio falls to much lower levels – closer to 15 than 90!
– Gold and silver looks expensive relative to depressed financial and property assets

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A Step By Step Guide To Gold As An Asset Class

April 18, 2019

By Eoin Treacy via Proactive Investors

Gold is the world’s most polarising asset. People either love it or hate it. You’ll be denigrated a gold bug for owning it, or an ignorant moron for not.

There are good reasons for this division. Gold’s position is an odd one thanks to its characteristics, history and the way it’s traded today. Nobody can agree on any of those three, so they can’t agree about gold either.

Some people will tell you gold is the only true form of money, while others will decry its uselessness because you can’t spend it. Some will tell you about how gold was money for thousands of years, while others will point out that we finally managed to get rid of it last century. The same facts lead people to opposite

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World Trade Suffers Biggest Collapse Since Financial Crisis

April 17, 2019

Via Zero Hedge

The recent collapse in world trade volume is the worst since the financial crisis and as dangerous as during the dot-com bubble of the early 2000s, according to The Telegraph.

Data from the CPB Netherlands Bureau for Economic Policy Analysis revealed that world trade volume dropped 1.8% in the three months to January compared to the preceding three months as a synchronized global downturn gained momentum.

“An industrial slump has been triggered by a perfect storm of factors, including China’s slowdown, the car industry downturn, Brexit paralysis and Donald Trump’s attempt to upend the international trade system with tariffs on European and Chinese goods,” explained The Telegraph.

A further escalation of

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Avoid ETF and Digital Gold – Own Actual Coins and Bars In Safest Way Possible

April 16, 2019

Exclusive Offer: Secure Gold and Silver Storage In Zurich For Free For Six Months
Own actual bullion coins and bars and avoid ETF and Digital or ‘.com’ gold and silver. Offers ends this Thursday, April 18

Given the many risks of today, we believe precious metal buyers should own gold and silver coins and bars in at least two jurisdictions and avoid digital and ETF gold. For three more days, we are providing exclusively to our clients a valuable storage offer in what we believe are the safest vaults in the safest and most liquid jurisdiction in the world – Zurich, Switzerland.

Secure Storage In Zurich For Free For Six Months Until this Thursday (April 18), when you invest the minimum amount of $€£ 10,000 (no maximum) in physical gold and or silver for

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There Is Too Much Debt In The World – World Bank

April 15, 2019

World Bank President, David Malpass, warns there is too much debt in the world and blames China rather than U.S.
China has lent trillions of dollars to other countries, including the U.S.
“There are challenges facing the world in terms of how do you have transparent projects that are high quality, where the debt is transparent. China moved so fast that in some part of the world there is just too much debt,” Malpass says. “That’s something that we can work on with China.”
via CNBC
There is too much debt floating around the world and China is a big reason why, World Bank President David Malpass said Thursday.
“There are challenges facing the world in terms of how do you have transparent projects that are high quality, where the debt is transparent. China moved so fast

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How to Store Gold in an Uncertain World

April 12, 2019

The 4 Most Important Questions You Need to Ask

How to store your gold once you have invested in precious metals is the most important question that you need to answer.

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In this video update GoldCore CEO Stephen Flood, draws on 24 years of experience in financial markets to give you a framework to understand the most important aspects of owning and storing gold safely, that you must consider.

In today’s uncertain world with continued economic and political upheaval the benefits of owning the precious metals of gold and silver have never been more important. However, how you own and how you store your gold and silver will be the key determinant in whether your decision to buy gold has actually provided you with the safe-haven

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The ECB Is Struggling With Inflation, Interest Rates and The Outlook

April 11, 2019

By Ferdinando Giugliano via Bloomberg
For the best part of a decade, politicians and investors have looked at the European Central Bank as a guiding light through uncertain economic times. They may need to adapt to a new reality. On three important questions for the future of the euro zone, the ECB just cannot make its mind up.

The first dilemma is the outlook. The central bank can’t decide whether the current “soft patch” is the start of something worse. This matters enormously for the direction of monetary policy. The ECB has already halted its process of “normalization,” choosing instead to extend a new round of cheap loans to the banks and to delay the expected resumption of interest rate hikes. But were the mood to darken significantly, with the euro zone perhaps

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Russia Dumps U.S. Dollars and Buys Gold As “Safety Metal”

April 9, 2019

(Bloomberg) — Vladimir Putin’s quest to break Russia’s reliance on the U.S. dollar has set off a literal gold rush. Within the span of a decade, the country quadrupled its bullion reserves, and 2018 marked the most ambitious year yet.

And the pace is keeping up so far this year. Data from the central bank show that holdings rose by 1 million ounces in February, the most since November.

The data shows that Russia is making rapid progress in its effort to diversify away from American assets. Analysts, who have coined the term de-dollarization, speculate about the global economic impacts if more countries adopt a similar philosophy and what it could mean for the dollar’s desirability compared with other assets, such as gold or the Chinese yuan.

French

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How A ‘No Deal’ Brexit Could Lead To The “Lehmanization” Of Europe

April 8, 2019

(The Telegraph) — Odds of a ‘no deal’ Brexit next week have risen markedly, as the Commons fails to coalesce around a viable alternative to Theresa May’s deal, while once again rejecting the “best possible deal” negotiated between the prime minister and the EU27, albeit by a smaller, yet still considerable, margin than in the past.

This is why, for the first time in a while, speculation about ‘no deal”s impact, not only on the UK, but on the European, and broader global, economy is at the forefront of the market’s mind, as investors have finally been forced to confront the reality that the UK crashing out of the EU next week isn’t only possible, but extremely probable.
To that end, analysts at Goldman Sachs, who have been closely chronicling the Brexit trainwreck

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Silver Bullion Set to Soar to $50 an Ounce

April 5, 2019

Silver Bullion Set to Soar to $50 an Ounce
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– Silver bullion is the most undervalued precious metal, commodity and asset today
– Silver very rarely covered in the media and thus the fundamentals are not understood
– Supply demand fundamentals are very positive indeed as seen in recent report from Capital Economics
– While industrial demand may weaken, investment and safe haven demand for silver coins and bars will surge in the next crisis
– Silver mine production falling: Dozen of the largest silver mines in the world fell by 8% in 2018
– Silver bear market was exacerbated by manipulation and pushing silver lower
– Silver is going higher and $50 per ounce is a conservative target in the next 3 or 4 years
– In 2007 and 2009 we said gold would surge in

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Perth Mint’s Gold Bullion Sales Surge 68% In March

April 4, 2019

Perth Mint’s Gold Bullion Sales Surge 68% In March
(Reuters) – The Perth Mint said on Monday its gold products sales in March surged about 68 percent from the previous month, touching the highest level since November last year.

Sales of gold coins and minted bars in March rose to 32,757 ounces from 19,524 ounces in February, the mint said in a blog post.
Silver sales last month jumped 60.2 percent from the previous month and touched their highest since October last year at 935,819 ounces.
In March, benchmark spot gold prices posted their second straight monthly decline, falling about 1.6 percent, hurt by a strong dollar.
The Perth Mint refines more than 90 percent of newly mined gold in Australia, the world’s second-largest gold producer behind China.

Until April 18,

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7 Reasons To Worry About the Global Economy In Charts

April 3, 2019

A) Trade Uncertainty: Global trade has seen a sharp downturn in recent monthsb) Policy Uncertainty: Brexit, U.S., China & global economic policy uncertainty surgesc) Financial Conditions: Financial markets are beginning to show signs of stressd) Dollar Strength: Greenback strength impacts emerging markets such as Turkeye) Economic Surprises: Economic data globally has been surprising to the down sidef) Low-flation: Despite unprecedented monetary support, deflation remains a riskg) Debt: U.S. leveraged loan market showing stress
via Bloomberg
– The global economy is wobbling and is predicted to grow at just 3.3 percent this year
– Trade tensions, policy uncertainty taking a toll on confidence– WTO on Tuesday cut its forecast for trade growth in 2019

Source:

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London Property Slide Worsens With Biggest Drop Since 2009

April 2, 2019

Via Bloomberg
– 3.8% fall y/y in Q1, the seventh straight decline in values – Nationwide– Nationally, U.K. real-estate market remains ‘subdued’
– Some of the weakness relates to Brexit as economic uncertainty impacts sentiment

London continued to lead the U.K.’s weakening property market at the start of 2019, with prices falling the most since the financial crisis a decade ago
Nationwide Building Society said Friday that values in the capital dropped 3.8 percent year-on-year in the first quarter. That’s a seventh straight decline and leaves London as the worst-performing region in Britain.
Some of the weakness relates to Brexit, which is having an impact on sentiment. Consumer confidence remains close to its lowest level since 2013, according to GfK.
The Bank of

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ItalExit and Cyber Risks in a Cashless World Are Bigger Risks Than Brexit

April 1, 2019

Brexit Bringing Gold From London To Dublin: My Job with GoldCore CEO Stephen Flood

– Italy-exit or ItalExit: While all of the media and public attention is on the fallout from Brexit and Trump’s policies; ‘Italexit’ is possibly a bigger threat to European investors– Digital risks to deposits: Gold will become even more valuable as a tangible asset and form of hard money hedge against fiat digital currencies and savings. A cashless society, while it boasts many benefits, it also exposes investors and savers to more concentrated digital risks and greater cyber risks. So, like an investment portfolio we should diversify our savings and not hold all our eggs in the one digital basket.– Being Brexit ready: What does this actually mean for individuals? Lots of air time

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EU Countries Must Seek ECB Approval to Manage Gold Reserves – Draghi

March 29, 2019

– EU countries must seek ECB approval to manage gold reserves: Draghi
– European Central Bank in effect tells euro-zone countries your gold is the ECB’s

by Francesco Canepa on Reuters

The European Central Bank needs to approve any operation in the foreign reserves of euro zone countries, including gold and large foreign currency holdings, the ECB’s President Mario Draghi said on Thursday.
“The ECB shall approve both the operations in foreign reserve assets remaining with the NCBs (national central banks)…and Member States’ transactions with their foreign exchange working balances above a certain threshold,” Draghi told two Italian members of the European Parliament.
“The purpose of this competence is to ensure consistency with the exchange rate and monetary policy

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Global Risks Increasing – Underlining The Case For Gold in 2019

March 28, 2019

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Video presentation by Research Director of GoldCore, Mark O’Byrne, on the strong case for gold due to increasing global uncertainty and risks.
Topics, slides and charts considering

– “Gold tends to increase in periods of systemic risk”
– “Gold outperforms stocks and bonds in long term”
– Buffett’s anti-gold argument is not factual
– What is a TRILLION?
– All the gold in the world on Wimbledon Centre Court
– Central banks are the largest buyers of gold today
– “If you do not own gold, you know neither history, nor economics” – Dalio
– “History is due to repeat itself”  – Dalio
– Rothchilds, Bongs Kings Gross and Gundlach buying gold
– Pensions Timebomb – $70 to $400 Trillion
– $250 Trillion Global Debt Bubble
– Outlook for gold in 2019 and coming

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Brexit and Learning To “Live With Boom and Bust Economic Cycles”

March 27, 2019

By John Downing via Independent.ie

Generations of people have learned to live with boom and bust economic cycles.
Years of relative plenty were followed, as night follows day, by grief including high unemployment and forced emigration on a large scale.

In fact, if you go back much beyond the late 1960s, it would not be too cynical to say the cycles were often more about going from bust to really busted, as for decades the country was hit by crippling rates of largely enforced emigration.
The 1980s into the 1990s saw politicians across the western world, including Ireland, adopt the mantra: “We need to end that cycle of boom and bust.”
Ireland’s inexorable moves to joining the EU single currency began with voters endorsing the 1992 Maastricht Treaty. They were

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‘No Deal’ Brexit Risk Impacting UK and Irish Economies – Gold Gains On Recession Concerns

March 26, 2019

– Gold gains due to concerns about slowing growth, monetary and geopolitical risks
– Increasing possibility of ‘No Deal’ Brexit heightens recession risks in UK, Ireland
– Brexit uncertainty is impacting UK & Irish economies; Likely do long term damage
– UK sees sharp slowdown in mortgage approvals in February as housing market slows
– Gold surges to near all time record highs in Australian dollars at $1,860/oz
– Gold in sterling, euros and dollars to follow Aussie dollar in coming months
Gold in GBP (1 Year)
Gold rose to 4 week highs overnight prior to profit taking saw the yellow metal give up some of those gains. Gold marched higher yesterday, extending it’s recent rally due to growing, if belated, concerns over slowing economic growth and the Federal Reserve’s move

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Uncle Sam’s “Debt Crisis Is Coming Soon”

March 25, 2019

– America’s “debt crisis is coming soon” warns economist Martin Feldstein
– To avoid economic distress, the government has to reduce future entitlement spending
– The most dangerous domestic problem facing America’s federal government is the rapid growth of its budget deficit and national debt

According to the Congressional Budget Office, the deficit this year will be $900 billion, more than 4% of gross domestic product. It will surpass $1 trillion in 2022. 
The federal debt is now 78% of GDP. By 2028, it is projected to be nearly 100% of GDP and still rising.
Click here to read full story on GoldCore.com.

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Russia Buys 1 Million Ounces Of Gold In February – Become Your Own Central Bank

March 22, 2019

– Russia adds another 1,000,000 ounces (31.1 tons) to gold reserves in February– Russia’s gold reserves now 2,149 tons; 5th largest gold reserves in the world– Central bank of Russia buys all of Russian domestic gold production– Russia views gold bullion as “100% guarantee from legal and political risks”
– As Brexit and other more significant financial risks such as Basle III loom, it is time– Time to take power back from the financial and monetary system by becoming your own central bank (Goldnomics podcast)

Russia continues to add to its gold reserves and added another 1,000,000 ounces in February or 31.1 metric tonnes. Most analysts believe this buying will continue and may intensify in the coming months. Since 2007, we have clearly said that this would

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Time To Take Power and Control Back From The System

March 21, 2019

Exclusively For Retail, Pension and HNW Clients

Brexit and other arguably more significant financial risks such as Basle III loom. Given the many risks of today, we believe precious metal buyers should own gold and silver coins and bars in at least two jurisdictions. We have decided to provide exclusively to our clients a valuable storage offer in what we believe are the safest vaults in the safest jurisdiction in the world – Zurich, Switzerland.
Six Months Free Storage In ZurichWhen you invest the minimum amount of $€£ 10,000 (no maximum) in physical gold and or silver for storage in our Loomis vaults in Zurich, Switzerland, you will pay zero storage fees for the first six months from the date of your purchases. This applies to all investments for storage in

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5 Ways to Prosper In the Coming Crisis

March 20, 2019

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In the just release Goldnomics Podcast (Episode 11), Mark O’Byrne and Stephen Flood are interviewed by Dave Russell as they discuss the systemic challenges facing our planet and the five key ways to prosper in the coming global crisis.
Topics considered are
– Political, financial, economic and monetary systems are failing and will likely collapse
– Our human built economic systems are dependent on the environment of the planet which is threatened
– Medical, religious and other beliefs and paradigms are being questioned and in crisis
– In the age of information, old systems are collapsing as we enter a new era of consciousness
– Read, learn, develop skills and grow yourself in order to be a contribution to your family, company and community

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Deutsche Bank and Commerzbank May Become EU’s “Too Big To Fail” Bank

March 19, 2019

Germany Makes Its Big Bank Problem Even Bigger
EU and ECB Need To Be Ready For The Consequences If This Doesn’t End Well
by Bloomberg Editorial Board

Germany has come up with a solution to the deep troubles at one of the world’s largest banks: make it part of an even bigger one.
The people who oversee Europe’s financial system had better be ready for the consequences if this doesn’t end well.
The Frankfurt-based Deutsche Bank is in talks to merge with crosstown rival Commerzbank — a move that Germany’s finance ministry has favored for months. The result would be a behemoth with assets of about 1.8 trillion euros, equivalent to more than half of Germany’s annual economic output; the merged bank would be Europe’s third biggest after the U.K.’s HSBC and France’s BNP

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Wishing You Laughter and Gold on Saint Patrick’s Day!

March 15, 2019

Wishing you health, wealth and good luck this Saint Patrick’s Day!

May your home be filled with laughter
May your pockets be filled with goldAnd may you have all the happinessYour heart can holdIrish Cladagh Blessing

News and Commentary
Gold rises on softer dollar, global uncertainties (Reuters.com)
Gold Struggles At Resistance During A Typically Tough Month (FXStreet.com)
New Zealand terror attack: Death toll rises to 49 (WSBTV.com)
Italy Eyes Loans from China’s Development Bank for ‘Belt and Road Initiative’ Projects (FT.com)
Perth heading for 5-year property plunge, warns CoreLogic (PerthNow.com.au)
Brokerages Brace for Japan’s Longest Market Shutdown Since WWII (Bloomberg.com)

One Thing Congress Gets Right – Funding Their Own Pensions (SovereignMan.com)

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