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Gold Hitting Record Highs


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Doesn't gold shoot up in price just before a recession? Or is that just a coincidence over the last recessions we had?

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KAC, Gold is a safe haven investment.  When fear is high , gold does well.  The main driver for gold is all the money printing going on in so many countries. In china, with the Covad 19 virus so heavy, its forcing businesses to shut down, as it is so highly contagious . Auto sales have dropped 90% in china. Their economy is grinding to a halt. The government is cranking up the money printing presses to keep the whole country from going bankrupt.  Who can pay their mortgages when  no one is working?  So the govt is stepping in to keep the money flowing. Otherwise the whole country would collapse over nite. But by expanding the money supply, their money becomes worth less, and gold becomes worth more.  They cant print up gold.   Gold and silver are safe things to buy in times like this, as the paper money loses value, gold value goes up, preserving your buying power.   

Im wondering how the Chinese are eating if most of their businesses are shut down?  If that virus comes here, I'm loading up on more freeze dried food. My current 6 week supply won't cut it. 

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