Goldtent TA Paradise

WHAT COMES NEXT ?

1. Steins1 says:

   April 14, 2020 - 10:50 pm at 10:50 pm

   Couldn’t you just summarize it for us! 🙁
   I’m tired from working all day…….

   • Fullgoldcrown says:

     April 14, 2020 - 11:21 pm at 11:21 pm

     OK

     He says it is too early to tell what damage to the economy and how long it will take to rcover He expects all bad news re the virus thru April. Then This too shall pass

     All the Fed and Govt Stimuli will raise the debt from 20% of GDP to 40%

     But life will go on and he is implying the feds have saved the day.

     But it is too early to tell how much damage has been done to the economy

     He is confident that there are good therapudic treatments in the pipeline

     and vaccines..at least for front line workers will soon be available.

     Life will go on

     • Steins1 says:

       April 15, 2020 - 12:41 am at 12:41 am

       Thank you sooo much! That was excellent!
       You’re pretty good at this moderator stuff. 🙂
       Now would you mind just not posting links anymore and just do summaries?
       Until the next ones…….

       • Fullgoldcrown says:

         April 15, 2020 - 1:20 pm at 1:20 pm

         🙂

         LOL

     • LibertyPathfinder says:

       April 15, 2020 - 2:41 am at 2:41 am

       And stop the modern art line drawings and just post buy, wait, sell… with aeroplane noises and a spoon.

2. Patrick says:

   April 15, 2020 - 9:22 am at 9:22 am

   This extract is interesting:
   “…
   A word on gold: while the crisis unfolds, the world will be in the grip of an intense deflationary impulse that is normally not constructive for gold, but in our view, the disappearance of monetary and fiscal conservatism should be very constructive for the price of the yellow metal over the longer term. The extensive post-crisis toolkit of central banks is likely to forestall a global financial crisis and the rush for safety that it would create. Therefore in the near term, we see only modest potential for gold. However, the ultimate consequences of unprecedented monetary easing and deficit-fueled stimulus measures are difficult to foresee. There are plausible scenarios out several years in the future in which today’s rescue activities will create substantial inflation. In that context, gold seems to us as always, but particularly now, a wise allocation in any portfolio.
   …”