Mark O’Byrne: Skyrocketing Physical Demand and Currency Reset Looming
Tom welcomes Mark O’Byrne back to the show. Mark is Research Director and founder of GoldCore, a global Bullion dealer based in Ireland.
Mark discusses what a currency reset would look like today and why it will be a messy process. It would likely be a global event involving most fiat currencies and would occur along with bank holidays. It could include fixing the price of gold at a specific price.
Banks have been prosecuted and found guilty of futures manipulation, particularly in the gold and silver markets. This artificial price volatility can and has discouraged investors from entering the market.
Physical demand is now much higher globally, with premiums skyrocketing across the entire supply chain.
Time Stamp References:
1:10 – What a currency reset might look like.
6:55 – Future markets manipulation and atttacks
11:00 – Potential for a short squeeze.
13:20 – Seasonal sweet spot in gold markets.
15:45 – Price calls for gold and silver.
17:40 – Demand for physical
21:30 – Platinum metals.
Talking Points From This Episode
• What a currency reset could look like.
• Futures manipulation in gold and silver.
• Targets for gold and the potential in silver.
• Very high demand for physical silver and high premiums.
• Gold market seasonality.
Mark O’Byrne is Director and a founder of GoldCore, which began in 2003. He is a staunch believer that due to today’s significant macroeconomic and geopolitical risks, saving and investing a portion of one’s wealth in gold bullion is both wise and prudent.
He has been an Executive Director in GoldCore since its foundation, and today is the Marketing and Research Director.
Mark has a B.A. in History and Greek and Roman Civilisation from University College Dublin, and this gives me an insight and a prism with which to view today’s turbulent world. He is a regular contributor to media internationally and takes part in the Reuters, CNBC, and Bloomberg gold and precious metal surveys. GoldCore is now an acknowledged expert on precious metals, and their research is respected as informative and enlightening.