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Gold Price and the Covid-19 Vaccine!
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<p>[QUOTE="DANIEL HENRIQUEZ, post: 5152259, member: 76821"]First of all, the vaccine should be ready and deliverable to "first responders" and others by mid December if the FDA doesn't play politics. That said, the price of Gold rose and has fluctuated this year ONLY partly due to Covid-19. The main reason Gold rose and has recently fallen is due to the election as many were frightened by a Biden win and the economy sinking like a submarine with an open hatch.</p><p><br /></p><p>Although Biden may become the next President (barring legal challenges due to errors, irregularities and possible computer glitches), the thought of a "split" government (Democrat President & Congress with a Republican Senate), many are more secure in the fact Biden will not be able to harm the economy as he has publicly stated therefore, safe-guarding your wealth or retirement accounts or investments in general is NOT necessary.</p><p><br /></p><p>In my opinion, Gold has a safe haven reputation yet, as some purchase on the way up or near the top as in 2009, they also lost a lot when it lowered and set around $1200 or so. To that end, I recommend 10% in Gold but, keep alert as when it begins a descend from its highs, the equity market will rise as seen in past days (Dow 30,000)! Be ready for a ride this coming year as the markets will make many rich and others poor depending on how you react to alerts. Good luck and be careful.[/QUOTE]</p><p><br /></p>
[QUOTE="DANIEL HENRIQUEZ, post: 5152259, member: 76821"]First of all, the vaccine should be ready and deliverable to "first responders" and others by mid December if the FDA doesn't play politics. That said, the price of Gold rose and has fluctuated this year ONLY partly due to Covid-19. The main reason Gold rose and has recently fallen is due to the election as many were frightened by a Biden win and the economy sinking like a submarine with an open hatch. Although Biden may become the next President (barring legal challenges due to errors, irregularities and possible computer glitches), the thought of a "split" government (Democrat President & Congress with a Republican Senate), many are more secure in the fact Biden will not be able to harm the economy as he has publicly stated therefore, safe-guarding your wealth or retirement accounts or investments in general is NOT necessary. In my opinion, Gold has a safe haven reputation yet, as some purchase on the way up or near the top as in 2009, they also lost a lot when it lowered and set around $1200 or so. To that end, I recommend 10% in Gold but, keep alert as when it begins a descend from its highs, the equity market will rise as seen in past days (Dow 30,000)! Be ready for a ride this coming year as the markets will make many rich and others poor depending on how you react to alerts. Good luck and be careful.[/QUOTE]
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