Fed, ECB “Monetary Insanity” Is “Frightening” – GoldCore on Keiser Report

By: GoldCore

Max Keiser interviewed GoldCore Research Director, Mark O’Byrne last week and the video was released on Saturday.

Key points and topics covered:

– “Monetary insanity” of ECB and Fed is “frightening”
– “Absolutely nothing has been learned” since financial crisis
– “Financial hypocrisy on a grand scale”
– Ireland was vassal of Bank of England and now ECB

– Ireland needs to get “financial and monetary independence”
– Huge demand for gold and yet prices manipulated lower
– Real unemployment is U.S. probably 15-20%
– Dollar may rally in short term but vulnerable in long term
– Russia, China may monetise gold as geopolitical weapon
– Gold and silver are “hedges for you in local currency terms”

You can watch video here

DAILY PRICES
Today’s Gold Prices: USD 1068.00, EUR 973.96 and GBP 703.67 per ounce.
Friday’s Gold Prices: USD 1067.20, EUR 973.86 and GBP 704.93 per ounce.
(LBMA AM)

Gold in EUR – 10 Years

Gold gained $6.50 on Friday to close at $1078.20, a loss of 0.65% for the week.  Silver was down by $0.16 to close at $13.95 a loss of 4.12% for the week.  Platinum lost $11 to $841.

Download Essential Guide To Storing Gold Offshore

This update can be found on the GoldCore blog here.

Mark O'Byrne

WINNERS MoneyMate and Investor Magazine Financial Analysts 2006

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