| ◆ The massive global debt driven "Everything Bubble" has been burst by the pandemic and more specifically the governments draconian economic lockdowns ◆ A dollar crisis is inevitable with U.S. government debt surging by some $2 trillion in a matter of weeks and ballooning to over $25 trillion ◆ Wall Street has just been bailed out at the expense of Main Street and families and businesses in the U.S. and throughout most of the industrial world ◆ Gold and particularly silver remain good value for those looking for safe havens to hedge the risk of financial dislocations and collapse ◆ Due to ongoing price manipulation in the futures market they have yet to price in the scale of the coming crisis; silver is actually lower despite massive demand as seen in a surge in silver ETF holdings, shortages of silver coins and bars and elevated premiums on gold but particularly silver ◆ This is much more than a "logistics" issue and is more due to actual shortages of physical metal from mines, mints and refineries and very strong global demand ◆ Gold and silver, if owned in the safest of ways, will protect people, families and companies in the coming global financial and monetary crisis ◆ Open an account with GoldCore here: https://myaccount.goldcore.com/flow/register/account ◆ All the best from Stephen, Mark and the team. Be well! |
GoldCore.com was founded in 2003 and has become one of the leading bullion brokers in the world for both delivery and storage.
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alan30189
2020-05-12 at 11:28 (UTC 2) Link to this comment
Who’s the dude outside, a gold panner? LOL!
So what do you propose we do from this coronavirus? Everybody close their businesses and go out of business?Businesses cannot sustain a long shut down. Their creditors are not going to suspend their payments for months or years. It’s just not gonna happen. Two businesses I’m familiar with, my barber and a certain restaurant chain, have gone out of business, entirely.
If he doesn’t think Americans are resilient, he better think again. We’re the most resilient country in the world.
Stephen Flood
2020-05-12 at 13:28 (UTC 2) Link to this comment
I am the dude, dude. It's an unprecedented event, that has arguably never been seen before, especially in a globalised world economy. At a G7 level I would have liked to have seen a moratorium on all bond payments coupled with management and support of rent payments. This would have cast the majority of the economy into a deep freeze. Bankruptcy and defaults will have a detrimental knock on effect to the whole economy. Such measures will be used to extract from existing obligations and with a large wave of defaults could knock out banks.
Regarding resilience and America, two world wars and numerous economic and technological achievements means America has bee unassailable. But in saying that, all empires who print money and forget that peace and prosperity is earned and is not necessarily a right, eventually fail. Right now America is rudderless and is in social turmoil, these are very dangerous times and leadership and unity are needed badly otherwise she will stumble and fail – which would be a disaster for the world.
TR P
2020-05-12 at 22:08 (UTC 2) Link to this comment
I propose
1. we call it what it’s a BS Power Grab
2. we stop being scared ?
3. we work
4. we never vote again
5. We defy the unconstitutional “orders”
6. We let it burn thru ; I guarantee you my city and work got hammered by it the last 2 weeks of Jan & 1st 2 of Feb ………. a few friends and coworkers hospitalized with the symptoms and no diagnosis (all test negative & didn’t have COVID test). We lost a few old and already sock people, most just felt weak and had a cough, my wife was fatigued with cough and heart palpitations (was told it was stress by the docs even though she claimed to be stress free), high school was half empty but elementary school was nearly full
Gee DoubleU
2020-05-12 at 12:31 (UTC 2) Link to this comment
If they reopen a bar, and you're the only person who shows up, well…..
GoldCore
2020-05-15 at 08:24 (UTC 2) Link to this comment
Are you saying our friend is an alcoholic gee ? : – )
FullofHope
2020-05-12 at 12:44 (UTC 2) Link to this comment
missed the livestream hrumpf –
Katharina
2020-05-12 at 17:40 (UTC 2) Link to this comment
Is it a good idea to invest in 1kg silver bars at the moment? It feels like if/when the economy crashes, it will be much easier to liquidise silver/gold coins and smaller (up to 1oz) bars than large bars.
50 Ducks In A Hot Tub
2020-05-12 at 22:59 (UTC 2) Link to this comment
I was just checking this morning 100 gram 1 gram snap Valcambi bars on eBay are selling for $176.00 per oz CAD$, you don't want anything over an oz (edit Silver)
Katharina
2020-05-12 at 23:09 (UTC 2) Link to this comment
@50 Ducks In A Hot Tub That's how I feel too, but I have an opportunity to invest in 1kg silver bars at a very good price, and it's difficult to pass up such an opportunity when I already own smaller units. I wish someone who has decades of experience dealing PMs could share his/her thoughts on the likelihood of being able to sell a 1kg silver bar in the middle of a financial crisis.
Mark OByrne
2020-05-16 at 10:53 (UTC 2) Link to this comment
I have the exact same name as Mark. Gold is great and I loved the vlog friends.