In the 2008 crash there was a big build-up of publicity stating gold price had been steadily rising and there was more than one reason for this as similarly showing the same signs as of today.
Earlier in the century gold price went extremely low and at this point gold so cheap to buy the demand rose not only for use in jewellery and electronics it started to have many more applications requirements for the new world order!
As this virus kicks even more into the further; “what are we going to spend money on”? We are all house bound, Amazon is suffering, army’s controlling the streets and we can’t go out its limited, restricted unless shopping for essentials. “What a madder world this has become”!
We are living in uncertain times and some saying ever recorded in history. That in itself is a good enough reason for gold prices to rise temporarily it’s called panic buying in the same way it is including necessities, essentials and food etc.!
Inflation occurs when demand is consistently greater than supplies and that is sure the case for today so our advice is to buy little but hold out for this to sink much lower.
Recent government chemical structure will support some of the demand during this difficult period, however it is highly unlikely demand will be boosted excessively as money dries up quickly!
Watch this space on Bitcoin Members…
Some of the content on this page was taken from article on Money Smart Finance March 2020…