Will Indebted Nations Globally Follow Venezuela Into Hyperinflation? (Video)

Will Indebted Nations Globally Follow Venezuela Into Hyperinflation? Video – by Mark O’Byrne GoldCore

– Currency has become worthless in Venezuela’s hyperinflation
– Venezuela was once one of the wealthiest countries in South America
– Currency collapse due to massive currency “printing,” digital currency creation and misguided socialist government
– Toilet paper roll costs 2.6m bolivars or 0.40 cents but a gold coin (1 oz) can buy over 3,000 toilet rolls
– Chicken costs 14.6m bolivars or $2.20 but a gold coin (1 oz) can buy over 540 chickens
– Indebted nations throughout the world are vulnerable and some are already seeing sharp currency depreciation – Turkey, Syria, Iran, South Africa, Argentina & others
– Risk of hyperinflation in US, EU & UK is low in short-term but real risk of deflation and then stagflation

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Mark O'Byrne

I founded GoldCore more than 10 years ago and it has been my passion and a huge part of my life ever since. I strongly believe that due to the significant macroeconomic and geopolitical risks of today, saving and investing a portion of one’s wealth in gold bullion is prudent. I have been an Executive Director in GoldCore since its foundation and today I am Marketing and Research Director. As our customer base grew both domestically and internationally we were receiving a steady stream of requests from our clients and wider public for detailed analysis of the precious metals market. To meet this demand, I stepped into the Research Director’s role and am responsible for helping to inform and educate our clients and followers on how to protect and grow their wealth through owning gold and silver bullion.