| ◆ Yes is the short answer. ◆ Given the scale of the crisis, gold at $5,000 could happen sooner than most expect and it is only a matter of time (see table below). ◆ It is not the Covid-19 panic that will push prices higher. An economic, financial and monetary crisis was inevitable anyway. The pandemic is accelerating and exacerbating this inevitable crisis. ◆ Gold is outperforming other assets and has delivered a 12% dollar return in 2020 year to date. Gold has seen even greater returns in other currencies and is 15% higher in euros and 19% higher in pounds year to date (access YTD 2020 Performance Table – https://finviz.com/futures_performance.ashx?v=17 ) ◆ Gold fell for a few days after the Lehman collapse but ended 2008 higher by 5.6% and it continued its gains in 2009, 2010 and in the sovereign debt crisis of 2011 and 2012 ◆ We are witnessing “helicopter money” and currency debasement on a scale never seen before in history which will see dollars, euros, pounds and all currencies devalue versus gold ◆ Be well and All the best from Stephen, Mark and the https://www.goldcore.com/ Team ! |
GoldCore.com was founded in 2003 and has become one of the leading bullion brokers in the world for both delivery and storage.
Tags:
