Gold’s Shine Is Rather Dull Under COVID-19

Posted by Tom Kool

Share on Facebook

Tweet on Twitter

Canadian-gold-stocks-pic

Gold flew too close to the sun and got its wings singed, and now profit takers are going to punish it.  But while the likes of Steve Forbes (of Forbes media fame) insists that gold is going to remain our go-to safe haven in a time of coronavirus, no matter how hard the gold bugs hope, this isn’t going to be a story in which the precious metal shoots straight to the top.

Forbes’ take is this: “The trillions of dollars being spent to save our virus-battered economy are stoking fears of inflation. Gold has always been a hedge against the government’s economic blunders.” CLICK for complete article