Will Covid-19 Push Gold to $5,000?

from GoldCore

Yes is the short answer.
? Given the scale of the crisis, gold at $5,000 could happen sooner than most expect and it is only a matter of time (see table below).
? It is not the Covid-19 panic that will push prices higher. An economic, financial and monetary crisis was inevitable anyway. The pandemic is accelerating and exacerbating this inevitable crisis.
? Gold is outperforming other assets and has delivered a 12% dollar return in 2020 year to date. Gold has seen even greater returns in other currencies and is 15% higher in euros and 19% higher in pounds year to date (access YTD 2020 Performance Table – https://finviz.com/futures_performanc… )
? Gold fell for a few days after the Lehman collapse but ended 2008 higher by 5.6% and
it continued its gains in 2009, 2010 and in the sovereign debt crisis of 2011 and 2012
? We are witnessing “helicopter money” and currency debasement on a scale never seen before in history which will see dollars, euros, pounds and all currencies devalue versus gold
? Be well and All the best from Stephen, Mark and the https://www.goldcore.com/ Team !