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As the coronavirus lockdown drags on and governments at every level enact more and more draconian measures, nobody seems to have an answer for what I believe is a most crucial question. What’s the exit strategy?
As the coronavirus-induced economic lockdowns have tightened across the US, we’ve seen the emergence of a government-inspired fantasy – the myth of the nonessential business.
According to Owen Ullmann in an op-ed published by USA Today, there are some unsung “heroes” in the battle against the coronavirus pandemic – the brave and courageous bankers at the Federal Reserve. I think Ulmann misspelled “villains.”
Let me be clear upfront. I don’t think coronavirus is “just the flu.” I think the pandemic represents a significant health threat and could potentially overwhelm the healthcare system if the spread isn’t slowed. I think social distancing is wise. But I also think the draconian measures taken by governments that have effectively shut down […]
Many people have likened the battle against coronavirus to a war and invoked imagery of the US fighting World War II. President Trump has even deemed himself a “wartime president.” The president told reporters at a White House briefing that fighting the virus would require a sacrificial national effort just like it took to defeat […]
Stock markets have been getting hammered, ostensibly because of the economic impacts of the coronavirus. Peter Schiff has been saying this isn’t really about the virus. It was the pin that pricked the bubble. If it wasn’t coronavirus, it would have been something else. Regardless, the Fed hit the panic button last week and slashed […]
The Coronavirus has officially reached the “pandemic” status. It’s a scary word that means the coronavirus has crossed international boundaries. So, what does this mean for the markets?
Many of SchiffGold clients hold silver patiently waiting for a drop in the silver to gold ratio. I am very much one of these patient holders of silver. For those who aren’t familiar, the silver to gold ratio is exactly as it sounds: the price of gold stated in ounces of silver. Today the silver […]
Lately, palladium has exploded in price. It’s stirred up a lot of buzz, and we’ve seen significant palladium sales (both clients buying and selling) in the last few weeks. In fact, there has been more interest in this metal than we have seen in the 10 years of SchiffGold’s history. However not too many people […]
Platinum has caught the eye of customers lately given how relatively inexpensive it has been trading compared to other precious metals. Even though throughout history platinum has been cheaper per ounce than gold, platinum experienced a major spike in price from roughly 2000-2008. Since then, platinum has remained less expensive than gold, and this has […]
