We thought some of our observations in the last few months should be looked at again. How quickly the tide has turned to cause massive selloffs and volatility in all markets. Considering the carnage, gold has remained positive relative to other markets.
Last October George Gammon did a video on a 2020 recession scenario. Gammon is an expert on macroeconomics and real estate investments. The video was to the point and the topics were explained thoroughly. The following is a detailed summary of the 5 reasons he believes a 2020 recession will be worse than 2009.
Coronavirus is spreading around the world and investors are fleeing equities The COVID19 Coronavirus is making its way around the globe. The US stock market had its worst week since 2008. World stocks lost over $5.1 trillion in market cap last week. The S&P Banks Index saw the biggest 6-day collapse since the peak of […]
Expect the Coronavirus to be worse than expected The viral outbreak that began in China has now spread to nearly 78,000 people globally if you believe the official numbers being released by the Chinese Communist Party (CCP). Most cases of infection have spread to Japan, South Korea, and Hong Kong, and Italy. Over 30 countries […]
If you followed Midas Gold Group’s advice in March 2019, you would have realized a 290% gain in less than a year. On March 19th, 2019 the price of rhodium stood at roughly $3,000 per ounce. In our weekly blog article titled This Precious Metal is Already Up 35% in 2019! – Rhodium Shines we […]
The mainstream media outlets spend a great deal of time lauding the record gains we have seen in the major stock indices. It is justifiable to look back a nearly a decade of growth in the equity markets and record-high valuations. However, the higher the valuations expand, the greater the risk of the bubble bursting. […]
Reason #1: Equity Valuations and Debt Levels of World Markets are Not Fixable Since the financial crises of 2009, the Nasdaq Composite has increased sevenfold. World debt has more than doubled from $120 trillion to more than $260 trillion. A fundamental case can be made that equity valuations have skyrocketed because of government bailouts, Federal […]
The Gold Standard and What Happened in 1933 The Gold Standard was in effect in the United States up until 1933. Up to this point, countries agreed to convert paper money into a fixed amount of gold. Since the global gold supply grows only slowly, having such a gold standard would theoretically hold government overspending […]
History’s old battlegrounds in the Middle East are constant reminders that various conflicts over the past fifty years can cause volatility in financial markets to increase and have impacts on our economy. One thing you know for sure, the Mideast is a mess. Conflicts between America and Iran date back a generation and now the […]
The year is about to end and the price of gold is higher on the year by over 15%. You may want to refer to our 2019 gold outlook What Does 2019 Have in Store for Gold? from the turn of the year in January of 2019. In our conclusion of the gold outlook, we […]