“Buy Gold and Continue to Buy” Says Big Wall Street Investor
- ITM TRADING, INC.
Links to slides and sources: https://www.itmtrading.com/blog/reser…
This morning the BEA (Bureau of Economic Analysis) announced that the GDP, which reflects all the money that flows through the global economy, plummeted at an annual rate of 32.9% in the second quarter of 2020. So much for Wall Streets prediction of a V-shaped recovery. Additionally, Wall Streets safe-haven contracts are beginning to fail (USD, Yen, US Treasuries) and gold is now starting to be recognized, once again, for its most important function, as a true store of value. I agree, now is the time to buy, you cannot have too much in this environment since physical gold and silver, in your possession, are your wealth shield. And if you ever needed one, now is the time.
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