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

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.

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