Interview With Mark O’Byrne: Gold Down 1% In Week; Up 6% In August And Up 17% YTD; ‘Most Probably Correct’…So Cost Average

• Dale Pinkert interviews Mark O’Byrne about GoldCore, gold’s outlook, bank and electronic risk, bitcoin and cryptos and Swiss storage

• “Don’t just count your pips, bullion coins and bars … count your blessings”

• Gold is 6% higher in August and may correct in the short term so cost average

• Deutsche Bank is a “basket case” and share price has collapsed to all time low (see chart in video)

• Banks in Italy, Ireland and other European nations may go the way of ‘Lehman’ and this makes depositors vulnerable to deposit confiscation bail-ins

• Bank deposit “guarantees” are arbitrary round numbers and will almost certainly be reduced from €100,000, £80,000, $250,000 etc

• Bitcoin is not a proven store of value and crypto currencies are speculative assets. Most will collapse and question is which ones survive

• A secure, trusted gold backed currency may become the “crypto currency of choice” and become a real store of value

• Important to be mindful of electronic (including electromagnetic pulse or EMP risk), hacking and digital risk and not have all your eggs in “digital baskets”

• Rothschild’s warning of the “greatest monetary experiment in history” is understood by the ‘smart money’ who are diversifying into gold bullion again

• Important to take delivery of some gold bullion and own gold outside of one’s home country and Switzerland remains the safest and most liquid jurisdiction

• “Don’t just count your pips, bullion coins and bars … count your blessings”

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