from King World News
Today the man connected at the highest levels in China said the price of gold will surge another $500 this year and he also just issued this warning.
April 13 (King World News) – John Ing: Is It Enough? Countries closed borders as the pandemic spread beyond the Chinese, Iranian and South Korean borders. At risk are lives but the economic impact already is large. The world is in lockdown mode. The economic fallout is only beginning with disrupted travel, tourism, and consumer spending, a critical engine that makes up a whopping 70 percent of the US economy. Global stock markets lost $24 trillion in March, more than US GDP at $22 trillion. Unemployment could soar from 3 percent to 35 percent, surpassing the Great Depression. Oil dropped 67 percent to an 18 year low. Much is still unknown. It is this unknown that markets fear, and rather than a quick bounce back. We believe a market bottom won’t be reached until the virus numbers peak, or a vaccine is distributed, maybe a year from now.