Gold has been a SUPER-IMPORTANT asset to own in the 21st century. Since January 1st 2000, its price has risen faster than most other BUY-AND-HOLD strategies and it has beaten general equities!
All bets are off now that the Federal Reserve has gone into full-on helicopter mode. Whether you’re invested in the markets or not, you’d better prepare yourself for a historic dollar devaluation and a sharp upswing in the gold price – all thanks to a government that’s pushing its spending habit to the limit.
Every storm EVENTUALLY runs out of rain. The coronavirus started out as a non-event for U.S. equities, which, for nearly two months, kept climbing into all-time highs, despite reports from China.
On Monday, the Federal Reserve took everything that free-market advocates hold NEAR AND DEAR and blasted it TO SMITHEREENS.
The markets are open, the banks are functioning, food is there for the average American to purchase, for the most part, and the Covid-19 is getting ALL of the attention on the municipal, state and, of course, the federal level. Still, we’ve just SUFFERED the steepest-ever MARKET CRASH that America has ever had to endure.