Discussion in 'Bullion Investing' started by Joe2007, Feb 21, 2020.
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While it may take some time, the coronavirus will eventually run out of steam, and metals will too.
But hey it may not matter to us as long as the Zombie Fulfillment Center promises more "accommodative policies."
It is, and also the political situation.
The Truth is out there and you can't PRINT money forever, flood a market with Paper and expect it to "just work out" They will also try and use Corona, Global problems, and everything else they can to justify why Gold will do good for only so long. That you will need to be part of the BANKING CARTEL Pyramid Ponzi Scheme the FED and Central Bankers have forced us into since 1913.
Crooks is all they are. Politicians play along.
Same thing in the Medical field now but ONLY in the USA.
Yes, but the virus is having a major impact on global growth.
Yes, the coronavirus is going to have an impact on the world's economy. Whether the impact is going to be very significant or not, is going to depend upon many different factors.
It has already started to effect Precious metals with major PM distributors. Apmex, JM bullion, Silver towne, and other's have already posted increases on their items. Some of them have even mentioned that they are expecting to see spot prices increase on PM's because of the economic impact from the coronavirus.
Whatever happens is going to make a bunch of people upset. If PM prices go up, buyers are going to be mad they didn't buy sooner, and if they go down, sellers are going to upset that they are not making as much money as they could have.
Each of us have to make our own decisions about whether to start buying, or wait until spot prices go up and start selling.
Hope we never become Venezuela. You need a backpack full of paper to get a night at a hotel. Twice now in the last 3 years they've dropped zeroes off their currency and issued new sets of money. This new set (forget the name) has already hyper inflated.
My father thinks PM's are useless during times of worldwide turmoil, but I think as long as we still use money that it has value. Sure, it also makes sense to stock up on non perishable foods in a situation like that, but people with more money in my opinion will still be out looking for an investment.
However the more common non serious disasters are simple medical illness/accident/disability, job loss, great recession, where having PM's as a kind of rainy day emergency fund - makes sense to me.
P.S. - stocking up on a month of food is really fairly easy with buying a few cans of food from Mountain House, Augason Farms, etc. though out the year as sales happen. You buy a can and its good for 25-30 years. Its actually very tasty and good quality.
They are buying bonds BIGTIME. Government bonds, at least.
10-Year approaching all-time low in yield.
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