Looming Second COVID-19 Infection Wave Fuels Demand for Gold as a Safe Haven, Five-digit Price Potential
A new price projection was offered by Myrmikan Capital founder Dan Oliver. He expects the Fed’s balance sheet to trigger a massive demand for gold as a safe haven asset
For consumers, this means that their purchasing power will keep decreasing over time. Companies, on the other hand, will be forced to spend more money on their end.
It is the first time in history that so much “extra money” is brought into circulation in quick succession. No one knows what the consequences will be.
This is already becoming apparent across nations that seemingly thwarted the coronavirus outbreak. South Korea and China deal with a rise in overall infections,
he Bank of Japan is introducing additional stimulus packages to soften the blow of the economic impact that will follow after the coronavirus crisis has been overcome.
One also has to wonder what will happen if this plan falls apart. After all, this sentiment is all based on early data which may not be completely accurate.
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