“Focus On Value of Gold and Not Just the Price” – Newstalk Radio

Nick Bullman of Check Risk interviewed GoldCore’s Mark O’Byrne on “Down To Business” at the early hour of 0630 this morning. Topics covered were:

– Gold’s fall in price in recent months
– All focus on gold price and forgetting gold’s value as a diversification
– Weakness in Japanese, Eurozone and Chinese economies
– Likelihood that interest rates stay low and QE starts again
– Currency devaluation and perfect storm for emerging market currencies
– Gold as a hedge against inflation, deflation and “extreme risk”
– Gold ownership in western world today as low as 0.33%
– Now have global financial bubble akin to 2007/2008
– Gold mining shares are cheap but more risky than gold
– Outlook for gold?

The interview begins around the fifth of minute (Part I) and can be listened to here

DAILY PRICES
Today’s Gold Prices: USD 1,119.15, EUR 1,011.30 and GBP 714.13 per ounce.
Friday’s Gold Prices: USD 1,117.30, EUR 1006.17 and GBP 714.34 per ounce.
(LBMA AM)

Gold in EUR – 1 Year

On Monday, gold finished trading with a small gain of 0.22% or $2.40, closing at $1,117.60/oz. Silver also gained — 0.66% or $0.10, closing at $15.32/oz.

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IMPORTANT NEWS

Gold Prices Rise in Asia Trade After Weak US Data – Wall Street Journal
Gold Advances as Signs of Slow U.S. Growth Ease Fed-Rate Concern – Bloomberg
China Shares Drop Most in Two Weeks as Industrial Companies Fall – Bloomberg
Gold firms on weak U.S. data, China caution lingers – Reuters
Gold futures settle higher after 2-session decline – MarketWatch

IMPORTANT COMMENTARY

“Focus On Value of Gold and Not Just the Price” – GoldCore on Newstalk Radio (Aug 18) 6th minute – Newstalk
China moving to become the world’s reserve currency! – SilverSeek
Facts, Opinions, and Risk Management – GoldSeek
Travails Of Empire – Oil, Debt, Gold & The Imperial Dollar – Zero Hedge
The cashed-up new collectives – David McWilliams
Gartman Changes Mind On Gold – Now Bullish – CNBC

Click on News and Commentary

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