COVID-19 Disrupts the Gold Market
We are living through unprecedented events.
The major U.S. stock indexes collapsed more than 30% in less than a month – the fastest decline of that size in history.
Each week, the unemployment claims are eclipsing records at a nearly unfathomable pace. First, 3.3 million claims… then 6.6 million.
Nothing in history comes remotely close to these numbers.
World governments are flooding the system with trillions of dollars in relief packages.
And now, with the U.S. and global economies under lockdown because of the COVID-19 pandemic, the forecasts are almost unimaginable. Some are calling for 32% unemployment in the U.S. with the deepest recession on record.
This is when investors need to start seriously looking at safe havens like gold.
And even that market is experiencing events unlike anything we’ve ever witnessed.
To discuss the opportunities and warnings precious metals are offering, I’m joined by the founder and chairman of GoldMining Inc. (OTC: GLDLF), Amir Adnani.
Amir shares his insights on the massive squeeze the gold markets are experiencing and what that means for investors.
We talk about where he sees the price of gold going, particularly in the wake of the historic debasing of currencies around the globe, and whether there’s anything we can learn from past recessions.
If you want to hear from the front lines of the gold market, this is an interview you can’t afford to miss.
Here’s to high returns,
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About Matthew Carr
Matthew’s expertise ranges from classic industries such as oil and mining to cutting-edge markets like small cap tech, cannabis, 3D printing and cloud computing. With almost two decades of financial experience under his belt, Matthew’s knack for finding market trends never fails to surprise us, which is why we keep a close eye on his free e-letter, Profit Trends.