by Mark O’Byrne, Gold Core:
– Unprecedented move to see Irish government issue free gold coin to Irish citizens
– Controversy as Irish government plans for Irish people to own 1 ounce of gold
– Irish Finance Minister said the “little people” were exposed due to risks from Brexit and the end of the euro
– “Gold can be stored for a long time … doesn’t lose its value for the population as a means of savings”
– Politicians in Ireland criticise move as “too generous” to Irish Americans given Ireland still close to bankruptcy
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In an unprecedented move the Irish government is issuing and dispatching a free gold coin to all Irish citizens and foreign persons of Irish heritage.
In a controversial move, the Ministry of Finance plans for Irish people to own at least 1 ounce of gold bullion. The Irish Finance Minister said the “little people” were exposed due to the many risks that Brexit poses to Irish companies and the Irish economy and indeed the risks posed to the EU and the euro itself.
Irish politicians on the left have criticised the move as being “too generous.” They said that wealthy Irish Americans should not benefit from the move given that there is a homeless crisis in Ireland and given that the state was still close to bankruptcy.
Speaking on condition of anonymity the Irish Finance Minster Mr D. O’Gill stated in his Constituency office of Donaghue’s Bar on Baggot Street:
“Sure if the Brits leave us alone to fight the mad Germans and French Looney’ in Europe, sure we will be awful trouble and it won’t belong before the whole Euro project goes up in flames, a bit of gold in the hand will do wonders to calm nerves and keep the party going”.
All Irish people and those who claim Irish descent should register at the local Irish consulate. The Irish Embassy in Washington is expecting significant interest and Irish Americans began queuing the Embassy last night.
Seamus McSeamus, the preeminent personal finance journalist of his times said that the move was “financial lunacy” and that “sure don’t the dogs in the street know that gold is just a silly pet rock and a yellow metal of no value whatsoever. Gold is a volatile, high risk, barbaric relic that has no intrinsic value and should be consigned to the dustbin of history … you cannot even eat gold … or euros or dollars … Gold is the root of all evil” he wrote in a recent op-ed.
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