Gold Investors Taking Possession and Repatriating Gold To Home Country

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Published : April 30th, 2019
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Category : Market Analysis
Newstalk’s Bobby Kerr Interviews GoldCore’s Mark O’ Byrne

There is a growing movement by investors and central banks internationally to “repatriate” gold and own it “in country” due to concerns of gold confiscation and financial repression involving capital and exchange controls. A form of gold confiscation has already been seen with Venezuela unable to repatriate their remaining gold from the Bank of England.

Due to persisting uncertainty regarding the outcome of Brexit and other global risks, Irish and some international investors are preferring to store their gold bullion in Dublin and rather than London and other locations.

Many investors, institutions and central banks are moving to take possession and ownership of their gold bullion and or opting to own gold in a fully allocated and fully segregated manner in ultra secure vaults.

Gold is flowing from traditional gold storage centres likes of Zurich, Hong Kong, Singapore, Perth and especially London to nations internationally.

Investors are opting to store gold where it is more easily accessible, portable and truly liquid and not dependent on one single counter party.

Never assume that your stored gold or digital gold is easily accessible. It is prudent to test assumptions by selling some and taking delivery of some of your gold and silver. Test how your provider handles this. In our client’s experience there frequently are hidden charges, unexpected terms and conditions and legal impediments to them liquidating their gold for cash or taking delivery.

If you don’t hold it or can’t hold it easily, you don’t own it…

Mark O’Byrne, GoldCore Founder & Research Director joined Bobby Kerr on Newstalk to discuss the new institutional gold vaults in Dublin Ireland and the growing financial risks including the coming global debt crisis.

Must Read Guide: 7 Real Risks to Your Gold Ownership

News & Commentary

Gold Prices (LBMA PM)

29 Apr: USD 1,282.15, GBP 991.10 & EUR 1,148.55 per ounce 
26 Apr: USD 1,281.50, GBP 992.78 & EUR 1,150.02 per ounce 
25 Apr: USD 1,277.85, GBP 991.87 & EUR 1,146.87 per ounce 
24 Apr: USD 1,273.80, GBP 984.90 & EUR 1,135.34 per ounce 
23 Apr: USD 1,273.45, GBP 979.67 & EUR 1,131.46 per ounce

Silver Prices (LBMA)

29 Apr: USD 14.97, GBP 11.58 & EUR 13.42 per ounce
26 Apr: USD 15.00, GBP 11.62 & EUR 13.47 per ounce 
25 Apr: USD 14.86, GBP 11.55 & EUR 13.36 per ounce 
24 Apr: USD 14.80, GBP 11.44 & EUR 13.21 per ounce 
23 Apr: USD 14.97, GBP 11.51 & EUR 13.31 per ounce

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Mark O'Byrne is executive and research director of which he founded in 2003. GoldCore have become one of the leading gold brokers in the world and have over 4,000 clients in over 40 countries and with over $200 million in assets under management and storage.We offer mass affluent, HNW, UHNW and institutional investors including family offices, gold, silver, platinum and palladium bullion in London, Zurich, Singapore, Hong Kong, Dubai and Perth.
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