The long term economic effects of the coronavirus lockdowns could last for months, if not years, and the counter-intuitive occasional brief recoveries in the general equities markets could morph into huge falls in stock prices over many months. If equities look to be potentially in freefall this could well lead to a surge in some precious metals prices once the realization begins to sink in.
While we’ve touched on the industrial uses of gold and silver before on the blog, we wanted to revisit the topic and expand our understanding.
As Coronavirus (COVID-19) continues to tighten its grip on societies around the globe, it seems that each day brings about a dizzying roster of headlines, ever more concerning forecasts on the outbreak’s impacts on human life, and unfortunately, an uptick in fraudulent schemes.
We have written before about how precious metals and certain types of annuities can help protect retirees against economic shocks like we are seeing today.