Are Gold And Silver Bullion Obsolete In The Crypto Age?
What is the outlook for the global economy, financial markets, crypto currencies such as bitcoin and gold and silver bullion in the digital age?
Fresh insights as CrushtheStreet.com interview Mark O'Byrne who gives his diagnosis on the outlook for gold in 2018, and looks at the long-term relevance of precious metals in the digital age of crypto and the blockchain alongside Bitcoin's emergence as a potential digital store of value.
TOPICS IN THIS INTERVIEW
01:00 Diagnosis of the economy and rising inflation06:00 Possible stock market correction?09:30 What is triggering higher oil prices?13:05 Impacts of rising oil prices on the mining sector14:40 Gold in 2018, what to expect next20:00 Has Bitcoin taken over the role of Gold itself?23:50 Silver's purpose and upside in the digital age28:30 GoldCore providing ways to purchase and store Gold
News and Commentary
Gold steadies as political turmoil in Italy rocks financial markets (Reuters.com)
Italy banker warns on political crisis as investors fear for euro (Reuters.com)
Euro zone money markets slash 2019 ECB rate-hike bets (Reuters.com)
Former IMF official becomes Italy's interim prime minister (Gata.org)
Gold in euros (1 month)
Soros Sees New Global Financial Crisis Brewing, EU Under Threat (Bloomberg.com)
Saxo Bank: Precious metals gradually recovering (Trend.az)
Finance officials discuss use of Chinese yuan as reserve currency for Africa (Xinhuanet.com)
Turkey Repatriates All Gold From The US In Attempt To Ditch The Dollar (ZeroHedge.com)
Gold Production On The Cusp Of Peaking (GoldTelegraph.com)
Gold Prices (LBMA AM)
29 May: USD 1,302.05, GBP 983.83 & EUR 1,130.57 per ounce25 May: USD 1,303.95, GBP 976.53 & EUR 1,113.70 per ounce24 May: USD 1,296.35, GBP 967.73 & EUR 1,104.88 per ounce23 May: USD 1,294.00, GBP 967.91 & EUR 1,102.88 per ounce22 May: USD 1,293.90, GBP 961.24 & EUR 1,095.29 per ounce21 May: USD 1,285.85, GBP 959.24 & EUR 1,095.67 per ounce18 May: USD 1,287.20, GBP 954.20 & EUR 1,091.16 per ounce
Silver Prices (LBMA)
29 May: USD 16.48, GBP 12.43 & EUR 14.26 per ounce25 May: USD 16.67, GBP 12.49 & EUR 14.24 per ounce24 May: USD 16.51, GBP 12.32 & EUR 14.09 per ounce23 May: USD 16.53, GBP 12.38 & EUR 14.11 per ounce22 May: USD 16.58, GBP 12.32 & EUR 14.04 per ounce21 May: USD 16.34, GBP 12.19 & EUR 13.91 per ounce18 May: USD 16.39, GBP 12.16 & EUR 13.92 per ounce