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!”
ENDS