If you’re a potential Gold buyer thinking that now’s the time to buy Gold, here are our opinions.
Is Gold in a continuing bull market?
Run our checklist and see for yourself…
After a 14.7 million unemployment peak hit in April, second wave of Covid 19 unemployment will likely appear in January following increased Covid 19 cases, hospitalizations, and deaths post Holiday travel.
Pandemic is far from over, Covid 19 deaths in U.S. exceed 4,000 a day early January. Hospital being filled with virus patients. Meanwhile, there are stumbles and delays in getting vaccines rolled out, shots in arms.
CONCLUSION: We believe Gold will gain more than 10% in 2021 because of historic low interest rates or negative nominal interest rates worldwide. The excessive money creation to fight Covid 19 has caused a decline in the U.S. Dollar that will ultimately create inflation in food, commodities, Gold, Silver, and everything imported you buy from Amazon, Walmart etc. It’s not just inflation that drives up Gold, it’s the fear of inflation that has already begun to infect the market.
We have seen the price of Stocks, Gold, Silver, and other investments emotionally driven and volatile, a trend that will continue past the end of 2021. The Coronavirus Pandemic is not under control nor will it be under control worldwide this year. Every facet of the U.S. economy will be under a severe strain in 2021 from small shops to international corporations.
The severe damage to world GDP and free market profitability will ultimately prove to be far worse and last longer than the 2008 Financial Crisis. Prepare your life savings for the worst and pray for the best.