World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search


Max Keiser Interviews GoldCore’s Mark O’Byrne

Max Keiser Interviews GoldCore’s Mark O’Byrne

- Gold price has been flat but interesting developments bubble under the surface
- Emergence of new tech is undermining existing banking cartel and will make owning and trading gold easier
- Gold price my rise if current shortages cause COMEX to fail to deliver physical gold
- Texas gold “repatriation” is highly significant development being ignored by mainstream
- Financial illiterates driving NATO and IMF policy

Goldcore Research Director, Mark O’Byrne was recently interviewed by Max Kaiser in London. Although gold prices have been flat for a number of years there have been some very interesting developments in that time.

Some of these were discussed including the impact that new technologies are having on gold, Texas’s gold “repatriation”, and the dangers posed by “financial illiterates” devising policy.

- The emergence of new technology is allowing new businesses to issue new crypto-currencies outside of the current system. A synergy may emerge between gold and crypto-currencies in the future allowing gold to be traded as a currency insulated from current failing system.

- Documentary evidence shows that gold price has been capped. If the COMEX fails to deliver on a physical bullion contract the wider public would become aware of just has scarce gold is. In such an environment the capped spot price for gold may become irrelevant as sellers demand a premium on their gold.

- The Texas gold “repatriation” issue is highly significant. A powerful state within the U.S. is effectively saying that it does not trust the New York Fed or the dollar. Keiser highlights the increasingly authoritarian nature of the Federal government declaring “if a government like that holds your gold, you don’t have any gold!”


© Scoop Media

World Headlines


Palestinian Ministry of Health: Developments In The Health Situation During The Israeli Aggression On The Cities & Governorates Of The Gaza Strip
For the second day in a row, the Israeli aggression against the Gaza Strip continues by targeting overcrowded residential areas and neighborhoods, as the death toll rose to 13 citizens, including a 5-year-old girl and a 23-year-old woman... More>>

UN: Horn Of Africa Faces Most ‘Catastrophic’ Food Insecurity In Decades, Warns WHO

The World Health Organization (WHO) warned on Tuesday that the Greater Horn of Africa is experiencing one of the worst famines of the last 70 years... More>>

FAO: Warns 90 Per Cent Of Earth’s Topsoil At Risk By 2050
A full 90 per cent of the Earth’s precious topsoil is likely to be at risk by 2050, according to the UN Food and Agriculture Organization, FAO...

Somalia: ‘We Cannot Wait For Famine To Be Declared; We Must Act Now’
Rising acute food insecurity in Somalia has caused more than 900,000 people to flee their homes in search of humanitarian assistance since January last year, the Food and Agriculture Organization (FAO) has warned... More>>

UN: American West Faces Water And Power Shortages Due To Climate Crisis
Two of the largest reservoirs in the United States are at dangerously low levels due to the climate crisis and overconsumption of water, which could affect water and electricity supply for millions in six western states and Mexico, the UN Environment Programme (UNEP) warned on Tuesday... More>>

Singapore: UN Experts Call For Immediate Moratorium On Executions For Drug Offences

UN experts* today condemned the execution of Nazeri Bin Lajim, a 64-year-old Malay Singaporean national convicted of drug offenses and urged the Government of Singapore to halt plans to execute individuals on death row for drug related charges... More>>