Panic Buying In Gold? fascinating
I don’t think so yet but we are seeing signs of increased emotion.
Traditionally, gold has been a safe haven in times of trouble. War, civil disturbances, hyperinflation and so on have triggered rushes to gold.
Right now, we have the increasing threat of China, Covid 19, increasing tensions with Iran, and so on.
Perhaps more importantly for gold, central banks have unleashed a tsunami of money into the markets. This tsunami of liquidity is buoying the gold market (and the stock market). Gold like liquidity because:
1. It leads to ideas of increased debasement of currencies, commonly called inflation
2. Hammers down interest rates to where they are now negative after deducting inflation
3. Liquidity needs to find a home and gold is one such home (stocks are another).
All these are reasons why I’m getting bulled up over gold.
I’m giving a free live webinar this coming Wednesday at 8 pm ET 5 pm PT where I will dive deep into the reasons why I expect to make a lot of money in gold this year.
Click here to reserve your seat now,! It is filling up fast!.
This will be the biggest bull market for the last ten years and you won’t want to miss it.
See you there!
Good gold trading,
Courtney