RE: Rates & Gold17 Mar 2020 11:45
Reading a back issue (No 910 24th Aug 2018) of Moneyweek, the Guru watch featured Jim Rogers co-founder of the Quantum Fund. Back then he was keen on some raw materials. Agricultural commodities have been on the slide and look set for a comeback. but his favourite picks were gold and silver. They are ''going through the roof'' (from the article, not my words) He advised, don't buy just yet. We are heading for a nasty economic downturn and a huge bear market in US led global stocks, a consequence of the ongoing global build-up in debt since the financial crisis. When the crash comes, gold will fall at first, just as it did in 2008.
The dollar will rise as global investors flee to the safety of the world's currency. Once the damage to the US is clear, and investors remember America's huge debt pile and penchant for money printing, demand for gold is likely to jump.
That was an extract from the article, obviously he would not have known about Covid-19 but gold has weakened recently, how low it will go before the time is right to buy is your guess.
Good luck all and stay safe.