This article was originally published on April 13, 2020 at https://goldsilver.com/blog/state-sponsored-deflation-no-v-shaped-recovery-for-you/
A quick note on the markets before Mike’s newest video…
Today was gold’s first close above $1700/ounce since December 2012. Gold finished the day at $1712, up over 1.5%.
And here’s another stat worth mentioning: The banner year for gold was 2011, a year etched in many investors’ minds. Gold’s average annual price in 2011 was $1571, but the YTD 2020 average is $1587. Gold’s momentum may be stronger than most investors are aware.
And now, Mike’s update…
Deflation, deflation, deflation. Join Mike Maloney as he points out some of the obvious clues from today’s news that add up to show a clear roadmap for our economic
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