Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Hyperinflation in Zimbabwe – It’s back, but maybe not for long
By: JP Koning

Gold Versus Bitcoin: The Pro-Gold Argument Takes Shape
By: John Rubino

Gold's Interesting Day
By: Rick Ackerman

Asian Metals Market Update: November-20-2017
By: Chintan Karnani, Insignia Consultants

GoldSeek.com Radio: John Williams and Louis Navellier, and your host Chris Waltzek
By: radio.GoldSeek.com

Gold Market Update
By: Clive Maund

Technical Scoop - Weekend Update Nov 19
By: David Chapman

Zero Hedge invites Financial Times to heed GATA's urging on gold suppression
By: Chris Powell

The Great Retirement Con
By: Adam Taggart

Perspective on the Gold/Oil Ratio, Macro Fundamentals and a Gold Sector Bottom
By: Gary Tanashian

 
Search

GoldSeek Web

 
Debt Bubble in Ireland and Globally Sees Wealthy Diversify Into Gold


 -- Published: Wednesday, 31 August 2016 | Print  | Disqus 

Mark O’Byrne, Research Director of GoldCore, was interviewed by Max Keiser about the arrival of negative interest rates in Ireland and Germany, the risk of bail-ins, the return of a rental and property bubble in Dublin, the Irish and global debt bubble and why wealthy individuals and institutions are diversifying into gold.

markobyrne

Mark O’Byrne interviewed by Max Keiser – Starts 12:24 – Watch here

Key points in the interview are:

– Groupthink in Ireland and internationally with few questioning the “recovery narrative”

– Irish government, like the U.S. and most western countries, is technically insolvent but this is masked by “statistical manipulation”

– Ireland ‘s national debt is €185 billion – down to 91% of GNP – this sounds good but totally bogus as excludes all future pensions liabilities – state and private

– Irish state pensions not included and they alone add another €100 billion – pushes debt to GNP ratio over 150%

– Non state, private pension liabilities in Ireland are estimated to be roughly another €80 billion

– Irish banks weakest in EU as seen in stress tests. Therefore real risk of deposit bail-ins

– Real risk of another global financial crisis given “astronomical” debt levels throughout the western world

– Wealthiest investors and largest institutions in the world, including Lord Rothchilds and insurance company Munich Re, are diversifying into gold

Interview with Mark O’Byrne starts at 12.24 and can be watched here:

Gold and Silver Bullion – News and Commentary

Gold Heads for Monthly Decline as Fed Rate Fears Damp Its Appeal (Bloomberg)

Gold ends at 2-month low as Fed comments fuel dollar’s climb (MarketWatch)

Russian bank Otkritie starts gold bars sales on Shanghai Exchange (Reuters)

Euro zone economic confidence worsens more than predicted (Reuters)

Irish government faces threat of split after EU’s Apple ruling (IrishTimes)

Here’s how the Fed and others will drive gold to $1,700 (MarketWatch)

Gold may be worth more than the spot price (BusinessInsider)

Dutch central bank hides gold bar list to conceal leasing – Suckecki (GoldChat)

Why Britain’s pension crisis will wreck your investments (Telegraph)

Central bankers to governments: Time to spend, spend, spend (MoneyWeek)

Gold Prices (LBMA AM)

31Aug: USD 1,314.45, GBP 1,000.30 & EUR 1,179.19 per ounce
30Aug: USD 1,318.85, GBP 1,008.39 & EUR 1,180.90 per ounce
26Aug: USD 1,324.90, GBP 1,002.95 & EUR 1,173.33 per ounce
25Aug: USD 1,324.50, GBP 1,001.06 & EUR 1,172.98 per ounce
24Aug: USD 1,337.30, GBP 1,010.73 & EUR 1,185.38 per ounce
23Aug: USD 1,338.50, GBP 1,015.25 & EUR 1,181.09 per ounce
22Aug: USD 1,334.30, GBP 1,018.20 & EUR 1,181.26 per ounce

Silver Prices (LBMA)

31Aug: USD 18.74, GBP 14.27 & EUR 16.82 per ounce
30Aug: USD 18.78, GBP 14.35 & EUR 16.82 per ounce
26Aug: USD 18.67, GBP 14.15 & EUR 16.54 per ounce
25Aug: USD 18.50, GBP 14.02 & EUR 16.39 per ounce
24Aug: USD 18.84, GBP 14.23 & EUR 16.70 per ounce
23Aug: USD 18.98, GBP 14.40 & EUR 16.75 per ounce
22Aug: USD 18.91, GBP 14.45 & EUR 16.74 per ounce

http://www.goldcore.com/us/

 


| Digg This Article
 -- Published: Wednesday, 31 August 2016 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.