The Modern Gold Rush and the Death of Fiscal Conservatism
Historically, gold has almost always performed very well during times of recession. As the novel Coronavirus sweeped across the world, leaving scorched economies in the wake, many were surprised at the enormous sell-off that paper gold prices initially saw. Both paper and physical gold prices have been climbing since, slowly and steadily marking the beginning of the Modern Gold Rush. I am not in the interest of debating the source of the Coronavirus, be it a lab in Wuhan, consumption of bats, or as some conspiracy theorists are starting to believe, 5G cellular waves. I am much more interested in discussing what the repercussions are, how long this crisis will last, and where money can be made from it. One of the most frustrating things about the Coronavirus' impact on the economy is that no one knows quite what to believe right now. It would seem that Corona has people stuck at home with nothing better to do than dabble in Wall Street, as markets have seen record volumes