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Canada’s First Lady Tests Positive For The Coronavirus: Live Updates
Canada’s First Lady Tests Positive For The Coronavirus: Live Updates
Summary:
- Scott Gottlieb says US can still avoid “Italy-like” outcome
- Cuomo closes Broadway, bans all events in NY with over 500 ppl, reduces venue max capacity by 50%
- NCAA cancels ‘March Madness’
- F1 Australia Grand Prix to be held without crowd
- Trump Campaign tells employees to work from home through Monday
- Maryland & Ohio cancel school
- Dr. Fauci appears to endorse European travel ban
- Spain, Italy ban short selling
- Charles Barkley to self-quarantine
- UK reports 2 more deaths
- NYC declares state of emergency
- Cali bans gatherings with more than 250 ppl
- China sending a medical team and equipment to Italy
- Arsenal Manager Mikel Arteta tests positive for Covid-19
- Disney closes park in Anaheim
- American Air confirms pilot tested positive for Covid-19
- Italy closes Catholic churches
- NBA player apologizes for making light of virus
- Trudeau and wife to self-quarantine after wife reports flu-like symptoms
- France death toll climbs to 61
- Houston closes schools until end of the month
- Spain death toll climbs to 86
- Ohio bans gatherings with more than 100 ppl after confirming 5th case
- Gabon, Ghana confirm first cases of the virus
- PA. Gov. Tom Wolf shuts down much of Montgomery County
- 2nd Utah Jazz player tests positive
- Slovakia closes all borders, international airports
- NJ cutting off nightclub liquor sales after 10pm
- Deaths in Italy above 1,000
- NHL “pauses” play
- MLB will delay start to 2020 season by 2 weeks
- Chelsea Football Club player Callum Hudson-Odoi tests positive
- Dr. Fauci says test shortage is major government ‘failing’
- Rick Scott 2nd Senator to self-quarantine over virus
- Senate cancels recess, will stay open next week
- Reporter claims Gobert was careless in the locker room
- Premier league to hold emergency talks Friday as clubs push to suspend play
- 2020 champions league tournament postponed until next year
- US Major League soccer suspends play
- Trump says we may need to extend travel ban
…click on the above link to read the rest of the article…
Panic? You Haven’t Seen Anything Yet…
Panic? You Haven’t Seen Anything Yet…
One rule every preparedness expert should go by is to always be concerned when establishment authorities, the media and “shoe shine boys” start volunteering their “expert” opinions on why you should not be concerned about a particular danger. The establishment most likely has an agenda to keep you passive, and the shoe shine boys are simply regurgitating what they hear from the media like good little robots. These people are far too interested in whether or not you are preparing for a threat; in fact they seem hell bent on talking you out of preparation in general. Why is that?
In the past two months I have seen an endless flow of mainstream news stories arguing first, that Covid 19 is nothing to worry, and second, that the public is “in a panic” over the virus. The first assertion is obviously ridiculous. With an official death rate of around 6% in Italy alone, I think we are starting to see what the Chinese government has been trying to hide as they continue to threaten their citizens with punishment for leaking “fake news” (FACTS) on the coronavirus. This event is not something to be taken lightly; it is a paradigm shifting scenario which will change the world forever.
The second assertion seems to be a calculated exaggeration; a form of reverse psychology. Keep telling people they are “panicking” when they are not and maybe they will go to the other extreme and passively do nothing at all just to avoid the label. I have to say, I don’t think people in this day and age know what a mass “panic” actually is, especially if their only point of reference is some empty toilet paper shelves at Costco.
…click on the above link to read the rest of the article…
Trump Bans All Travel From Europe For 30 Days; Tom Hanks Infected; NBA Suspends Season: Live Updates
Trump Bans All Travel From Europe For 30 Days; Tom Hanks Infected; NBA Suspends Season: Live Updates
Summary:
- WHO declares Covid-19 is a pandemic
- President Trump declares a travel ban from all European countries (not UK)
- Tom Hanks, wife announce they have the Coronavirus
- NBA suspends all games until further notice
- Utah Jazz player Rudy Gobert has tested positive for coronavirus.
- LA confirms first death
- Seattle schools close for two weeks
- Italy closes stores
- MGM says guest at Vegas’s ‘The Mirage’ tested positive
- Denmark closes schools, will send ‘non-critical’ public employees home to work
- New Jersey case total climbs to 23
- Juve player Daniele Rugani
- DC Mayor declares public health emergency
- Congressional doctor says up to
- Cuomo confirms 39 new cases in NY, raising total to 212
- First death in Indonesia
- Confirmed cases in France top 2,000
- Washington State to ban events over 200
- Details of cruiseline industry’s ‘health and safety proposal’ leak
- ‘Waffle House’ employee in Atlanta confirmed
- UK reports 7th death
- Chicago cancels St. Paddy’s Day parade
- NY sends in National Guard
- IADB cancels meeting in Colombia as virus spreads across Latin America
- Mnuchin says first part of virus stimulus plan will be ready in 2 days
- Utah reportedly planning to shut public college and university campuses
- Dr. Fauci warns virus 10x more deadly than flu and could infect millions if not handled early
- Australia passes A$18 billion stimulus package
- Seoul says 99 cases tied to call center
- FEMA evacuates Atlanta office over coronavirus scare
- 3 Boeing workers test positie
- Washington DC advises cancellation or postponement of all gatherings with more than 1,000 people
- Harvard to prorate room and board for students
- US cases surpass 1,000
- UK Health Minister catches virus
- Ireland, Bulgaria, Sweden report first deaths
- Connecticut declares state of emergency
- UK total hits 456 following largest daily jump on record (83 new cases)
- Global cases pass 120,000
- South Korea reports new outbreak in call center
- Japan reportedly planning to declare state of emergency
…click on the above link to read the rest of the article…
US Not Prepared For “Coronavirus Winter” As Containment Window Passes
US Not Prepared For “Coronavirus Winter” As Containment Window Passes
Dr. Michael Osterholm, the director of the Center for Infectious Disease Research and Policy (CIDRAP) at the University of Minnesota, told CNBC on Tuesday morning that the US is not prepared for a Covid-19 outbreak and warns the health crisis will get much worse in the weeks ahead.
“Right now, we’re approaching this like it’s the Washington, DC, blizzard — for a couple of days, we’re shut down,” Osterholm said. “This is actually a coronavirus winter, and we’re in the first week.”
He warned that the Trump administration has yet to put forth any meaningful containment policy, such as travel restrictions across the country or specific regions, to limit the transmission of the virus. As a result, the virus is “just going to keep spreading. We have to stop fooling people into thinking this is only by close contact where I have to be within 2 or 3 feet. We’re going to see much more transmission.”
Osterholm said, “There will be a widespread transmission of this virus around the country, and what we have to do is keep people who are at high risk of having bad outcomes, older, underlying health conditions, from being exposed.
Without containment policies in the hardest-hit areas, such as King County, Washington; Santa Clara, California; Los Angeles; and the Tri-state area, the window for suppression of the virus has long passed. This means virus migration has already started, also suggesting that the outbreak is in the early stages.
With 755 confirmed cases of Covid-19, the airborne virus is quickly spreading across the US, now seen in more than 30 states, with officials in several states declaring a state of emergency. The lack of test kits, limited travel restrictions, and no vaccine for 12-18 months suggest that the map below will get a lot redder in the coming weeks:
…click on the above link to read the rest of the article…
Leaked Covid-19 Documents: Hospitals Prep For 96 Million Infections & 480K Deaths
LEAKED COVID-19 DOCUMENTS: HOSPITALS PREP FOR 96 MILLION INFECTIONS & 480K DEATHS
Leaked medical conference documents have warned that hospitals across the United States are preparing for 96 million coronavirus infections. Not only that, but the same document wants hospitals to make preparations for 480,000 deaths from this outbreak.
the American Hospital Association (AHA) conference in February reveal that US hospitals are preparing for:
– 96 million coronavirus infections
– 4.8 million hospitalizations from the infection
– 480,000 deaths in the United States
According to Business Insider, these leaked documents are telling. Dr. James Lawler, a professor at the University of Nebraska Medical Center, presented the harrowing “best guess” estimates of the extent of the outbreak to hospitals and health professionals as part of the AHA webinar called What Healthcare Leaders Need to Know: Preparing for the COVID-19 on February 26.
These documents paint a bleaker picture for those who are over the age of 60. According to the leaked documents:
People aged 80 and over have a 14.8% chance of dying if they contract the infection, the slides revealed. The risk declines with youth, though those aged 70-79 and 60-69 are still placed at a significant risk, with 8% and 3.6% mortality rates respectively. –Business Insider
Additionally, it’s worth noting that Dr. Lawler’s estimate of 480,000 deaths would indicate a death rate of just half a percent (0.5%), which is significantly lower than death rates being reported by the WHO (3.4%) and the nation of Italy (5%). If the death rate in the United States reached just 2% while 96 million Americans are infected, that would result in 1.92 million deaths.
The United States has fewer than one million hospital beds, and they are typically around 75% occupied by existing patients, unrelated to the coronavirus. Natural Newshas calculated that U.S. hospital beds will be overrun by May 30th if nothing is done to stop the exponential spread of the coronavirus.
…click on the above link to read the rest of the article…
VIDEO: The Coronavirus Is The Pin Popping The ‘Everything Bubble’
VIDEO: The Coronavirus Is The Pin Popping The ‘Everything Bubble’
This will be an extinction-level event for many players
For years, Peak Prosperity has been raising a loud warning of the ‘Everything Bubble’ that the world’s central banks have blown in global asset prices.
Over that time, we’ve debated with hundreds of economic experts on what will be the trigger to “pop” this mania.
Well, now we’re finding out.
The economic damage being wrought worldwide by the coronavirus is the black swan the system never saw coming. Trade is being strangled, and the necessary productivity needed to support that massive increase in global debt that has been taken on over the past decade is just not there.
Bankruptcies are set to ripple across industries like wildfire. Mass layoffs will return with a vengeance. For certain industries — like travel, hospitality, and the shale oil drillers — this will be an extinction-level event for many players.
As ugly as the swift -19% drop in markets from from February’s highs has been, this is just the start of the reckoning, folks.
To give you a clear understanding what to expect during the bursting of the largest asset bubble in world history, Chris rushed to record this interview with John Rubino, author of The Money Bubble:
For those wondering what practical steps to take with their money as the Everything Bubble bursts: while Chris and John were recording, I was busy interviewing the lead partners from New Harbor Financial, Peak Prosperity’s endorsed financial advisor.
In the short video below, they offer their seasoned take on the current market action, what they see as most likely to happen from here, and what they recommend investors consider now:
…click on the above link to read the rest of the article…
COVID-19 And Global Supply Chains: Watch Out For Bullwhip Effects
COVID-19 And Global Supply Chains: Watch Out For Bullwhip Effects
In an earlier piece on the COVID-19 (Wuhan Coronavirus), I talked about how supply chain disruptions seemed to be occurring in slow-motion. A recent report from the Journal of Commerce warned of an imminent shortage of shipping containers in inland U.S. locations. How could these things be connected, and are we at risk of supply chain oscillations, often referred to as a bullwhip effect?
The virtual shutdown of commercial traffic in China has had a huge impact on global shipping. With the extended Lunar New Year shutdown, container shipping carriers have announced a large number of “blank sailings” – an industry euphemism for “we cancelled that voyage.” That’s completely rational, as nobody was sending trucks with outbound cargo to the big Asian container terminals. I had taken a class to visit the giant Yantian International Container Terminal in Shenzhen in January, and they told us they handled 20,000 trucks on a typical day. When I checked it last week, there was little visible traffic. With much of the country in lockdown and factories struggling to get production restarted, this was not a surprise.
For global supply chains that go by ocean, there is a built in time lag attributable to ship transit times. Container ships carrying exports that left China before the outbreak are only recently discharging cargo at destinations. We saw the Ebba Maersk loading at Yantian in Shenzhen on January 5. It didn’t make it to Rotterdam until February 2, and at last check it was at the Thames Port in the United Kingdom. That meant 27 days to reach the first port of call in Europe. Yantian (Shenzhen) to Long Beach, California might take 14 or 15 days, and a rail connection to the Midwest might take five more days.
…click on the above link to read the rest of the article…
‘We’re going to have more deaths’: Influenza kills more people than the coronavirus so everyone is overreacting, right? Wrong — and here’s why
‘We’re going to have more deaths’: Influenza kills more people than the coronavirus so everyone is overreacting, right? Wrong — and here’s why
President Trump tweeted Monday that thousands die of the flu every year, and suggested that life should go on as usual — not so fast, experts say
Coronavirus. It’s just like the flu, isn’t it?
Hundreds of thousands of people die of the flu every year, and people need to calm down, some say. Everyone should wash their hands for 20 seconds, elbow bump, stop buying face masks because they don’t protect against the virus, note that airplane air is filtered 20 to 30 times an hour, avoid cruise ships, and just relax — right?
That appears to be the accumulated advice of exasperated Americans on Twitter and Facebook FB, -6.40% in recent days who despair at the long lines at Trader Joe’s and Whole Foods AMZN, -5.28% (where people apparently have been stocking up on oat milk) and the panic buying and empty shelves at Costco COST, -3.00%. “Toilet paper is golden in an apocalypse,” one customer told MYNorthwest.com.
‘This is additive, not in place of. Yes, the flu kills thousands of people every year, but we’re going to have more deaths.’— Amesh Adalja, Infectious Diseases Society of America
Studies, however, suggest the differences between the flu and coronavirus are more nuanced than some people suggest. In fact, health professionals point out important distinctions between the COVID-19 illness and other viral sicknesses like the flu. For a start, there is no vaccine for COVID-19 and it could take many months or years to get one to market. What’s worse, doctors fear the virus will mutate.
…click on the above link to read the rest of the article…
More Coronavirus Censorship: Social Media Companies Parnter With WHO To Censor Info
MORE CORONAVIRUS CENSORSHIP: SOCIAL MEDIA COMPANIES PARTNER WITH WHO TO CENSOR INFO
Social media companies have made the decision to partner with “health authorities” (government officials like those who work for the CDC) to combat “misinformation” about the coronavirus. We all know what this means. Under the mainstream media’s seemingly innocent words lies a rash of new censorship coming down the pipes.
Only the official narrative from those in the World Health Organization and the Centers for Disease Control and Prevention will soon be allowed on social media. Last week, the social media app TikTok, popular with youths and young adults, announced it would be partnering with the WHO in an effort to spread veritable information on the novel coronavirus, or COVID-19, in addition to best public health practices.
According to a report by ABC News, WHO posted its first TikTok on Friday.
we’ve teamed up with @WHO to get you the trusted health info you need
“COVID-19 outbreak has seen a massive ‘infodemic’—an over-abundance of information—some accurate and some not—that makes it hard for people to find trustworthy sources and reliable guidance when they need it,” the WHO told ABC News.
“Therefore, WHO is working with various social media platforms, including TikTok, to help us reach the right audience (the right community, the right age group, etc.), as well as to detect the spread of misinformation on the new coronavirus. We understand that different platforms might have their specific audience, hence important to make trustworthy information available where people are looking for it.”
HOW TO PREPARE YOUR HOME (QUARANTINE) FOR A PANDEMIC
…click on the above link to read the rest of the article…
Four Scenarios Of How Covid-19 Could Wreak Havoc On Global Economy
Four Scenarios Of How Covid-19 Could Wreak Havoc On Global Economy
The grave risks and dangers of a globalized world of interlocking supply chains over the last four decades is starting to be realized as the crash of China’s economy could cost the world $2.7 trillion.
Bloomberg Economics says the shutdown of China’s economy could have severe implications for the rest of the world and lays out four scenarios of what could happen next:
The first scenario is a plunge in China’s economy, with a modest spillover of economic damage in Asia Pacific countries, Europe, and the US. China is a source of demand for multinationals based across the world, and if China can reopen its economy as soon as possible, contagion can be minimized. The scenario says a “severe shock in the first half would be followed by recovery in the second. For the world as a whole, and major economies like the US, the impact would then be hard to see in the full-year GDP data.”
The second scenario is the assumption that the Covid-19 outbreak worsens, and China’s economy remains disrupted with the hopes of a V-shape recovery transforming into a U-Shape dip, which would result in localized disruptions for Asia Pacific countries and Europe.
“Even when factories are back to work, it’s not like all the problems are solved,” said Li Lei, the Made-in-China.com manager. “Many factories don’t have enough inventory… the supply chain obstacles cap production capacity.”
The scenario assumes Asia Pacific countries like South Korea and Japan, and European countries like Germany, France, and Italy, would experience supply chain disruptions because of the lack of parts sourced from China due to factory shutdowns. Bloomberg said in their calculations, this scenario would result in global growth at 2.3%, down from 3.1% pre-virus forecast.
Coronavirus Can Stay In Air For 30 Minutes, Travel Twice ‘Safe Distance’ According To Study
Coronavirus Can Stay In Air For 30 Minutes, Travel Twice ‘Safe Distance’ According To Study
Aerosolized coronavirus can hang in the air for at least 30 minutes and travel up to 14 feet – approximately twice the “safe distance” recommended by health officials, according to SCMP.
The study, conducted by a team of Chinese government epidemiologists from Hunan province, also found that the virus can survive for days on a surface where respiratory droplets land.
The length of time it lasts on the surface depends on factors such as temperature and the type of surface, for example at around 37C (98F), it can survive for two to three days on glass, fabric, metal, plastic or paper.
These findings, from a group of official researchers from Hunan province investigating a cluster case, challenge the advice from health authorities around the world that people should remain apart at a “safe distance” of one to two metres (three to six and a half feet). –SCMP
The researchers warned that the virus could survive over five days in human feces or bodily fluids, and that it could remain floating in the air after a carrier had left a public bus.
“It can be confirmed that in a closed environment with air-conditioning, the transmission distance of the new coronavirus will exceed the commonly recognised safe distance,” the researchers wrote in their paper, published in peer-reviewed journal, Practical Preventive Medicine.
“Our advice is to wear a face mask all the way [through the bus ride],” the researchers recommended.
They said the study proves the importance of washing hands and wearing face masks in public places because the virus can linger in the air attached to fine droplet particles.
…
Their work was based on a local outbreak case on January 22 during the peak Lunar New Year travel season. A passenger, known as “A”, boarded a fully booked long-distance coach and settled down on the second row from the back.
…click on the above link to read the rest of the article…
Italy Expands Quarantine Throughout Country As Coronavirus Cases, Deaths Surge: Live Updates
Italy Expands Quarantine Throughout Country As Coronavirus Cases, Deaths Surge: Live Updates
Summary:
- First 2 Coronavirus deaths recorded in Germany
- Santa Clara reports second coronavirus death
- 3 more deaths confirmed in Washington State
- LA reports first case of community spread
- De Blasio says NYC quarantine “a possibility”
- WHO’s Dr. Tedros says threat of pandemic has become “very real”
- Confirmed cases near or pass 1,000 in France, Germany and Spain
- US deaths hit 22
- Canada reports first death in British Columbia
- Germany state of Brandenburg has between 4k and 5k in home quarantine
- Trump to meet with Wall Street CEOs Wednesday
- South Korea imposes travel advisory, confirms another 96 cases; 3 new deaths (total: 54)
- Hungary stops flights to and from Northern Italy
- PM Johnsons says UK won’t close parliament
- Trump to hold WH meeting on fiscal stimulus
- Italian PM promises “massive shock therapy” to save economy from coronavirus
- Amazon asks employees in NY, NJ to work from home
- Deutsche Bank cancels 150-year-anniversary celebrations
- Dozens of flights leave northern Italy despite quarantine, even as airlines cancel routes
- Moody’s says US economy headed for recession
- Cuomo confirms 142 new cases in New York State, bringing total confirmed in NYC to 19
- NY has started making its own sanitizer
- Columbia University cancels classes, Princeton moves lectures online
- 78 new public health labs open across US Monday
- Spain PM says he will have ’emergency plan’ to tackle outbreak
- UK confirms another 45 cases
- VP Pence will hold press conference at 5:30ET Monday
- Amtrak shutters ‘Acela Corridor’
- Korean construction worker contracted by US military tests positive
- Total number of cases jumps above 9,000 while deaths hit 463
- ‘Grand Princess’ docks in Oakland
- Another cruise ship disaster might be shaping up in Fla.
- Trump congratulates VP Pence via tweet
- New cases in South Korea drop as Philippines case total doubles
- EUCO President says conference call will be held to coordinate EU response
- Germany and France finmins hold talks to discuss crisis
…click on the above link to read the rest of the article…
“Coronavirus Anxiety” Is Running Rampant All Over America, And This Could Be Only Just The Beginning…
“Coronavirus Anxiety” Is Running Rampant All Over America, And This Could Be Only Just The Beginning…
All across the United States people are getting really stressed out about COVID-19. Every effort to contain the virus has failed, cases have started to pop up all over America, and the latest numbers show that it is 34 times more deadly than the flu. And what makes this particular coronavirus even more frightening is the fact that it is so easy to catch. You can become infected simply by breathing in the air around you, it can live on solid surfaces for days, and some victims can carry it around for weeks before ever showing any symptoms. As this virus continues to spread, literally no public place will be safe, and that is really freaking a lot of people out.
But so far only 11 Americans have died from the virus.
If thousands start dying in this country, what is our national mood going to be like at that point?
Already, the level of stress that we are witnessing is very alarming. The following comes from an NPR article about the “national anxiety” that we are currently experiencing…
And, as the coronavirus spreads, our unanswered questions can make us feel vulnerable or fearful. “Will it come to my community” or “Am I at risk?’
“We’ve got national anxiety at the moment, a kind of shared stress, and we are all in a state of extreme uncertainty,” says Catherine Belling, an associate professor at Northwestern University, Feinberg School of Medicine, who studies the role of fear and anxiety in health care.
Of course there are very good reasons to be concerned about this virus.
More than 3,000 people have already died around the world, and the horrors that we have seen elsewhere on the globe are starting to happen here.
…click on the above link to read the rest of the article…
Markets Implode, Coronavirus Cases In Europe & US Explode, As Outbreak Slows In South Korea: Live Updates
Markets Implode, Coronavirus Cases In Europe & US Explode, As Outbreak Slows In South Korea: Live Updates
Update (0650ET): As case counts explode across Europe, it looks like Spain – conveniently, Europe’s fourth-largest economy – will be next to cross the 1,000-confirmed-case threshold.
- SPANISH CORONAVIRUS CASES JUMP TO 999: HEALTH MINISTRY
The health ministry has also just reported another 8 deaths, raising the total to 25.
* * *
Update (0620ET): As case totals climb above 1,000 in Europe’s two largest economies – France and Germany – while one-fifth to one-quarter of the Italian economy (Europe’s third-largest) goes offline, the finance ministers of France and Germany have reportedly been commiserating about their shared predicament this morning.
FRENCH FINANCE MINISTER LE MAIRE SAYS SPOKE WITH GERMAN COUNTERPART AT LENGTH ON MONDAY TO COORDINATE RESPONSE TO CORONAVIRUS OUTBREAK
“We’re fucked”
“Yep, we’re fucked”
And that’s pretty much all that needs to be said about that.
In other news, VP Pence will hold a briefing in the situation room at noon, followed by several other briefings throughout the day, culminating with a public press briefing at 5:30.
* * *
Since we checked in last on Sunday evening, hundreds of new cases have been confirmed in Europe and Asia, but the ambient level of global hysteria has seemingly escalated with the limit-down moves in seemingly every global market that isn’t nailed down.
In the US, 537 cases have been identified since the first cases arrived in Washington State and California back in January, including the dozens of travel-related and ‘community spread’-related cases, along with the ~50 evacuees, according to the Washington Post.
An emblematic sign of the hysteria in the US, Amtrak has suspended its non-stop service between New York and Washington – suspending travel along the so-called “Acela corridor” for power commuters who routinely travel back and forth between NY, Washington, Philly, Boston and all the places in between.
…click on the above link to read the rest of the article…
Peter Schiff: Fed’s Response To Coronavirus Is Just “Delaying The Day Of Reckoning”
Peter Schiff: Fed’s Response To Coronavirus Is Just “Delaying The Day Of Reckoning”
Peter Schiff appeared on the Quoth the Raven podcast (iTunes, Spotify, YouTube) on Friday, where he and host Chris Irons discussed the impact of the coronavirus on the economy, gold, bitcoin and why he thinks the Fed is not going to be able to stop the upcoming collapse of the financial system. Here are a couple of Schiff’s thoughts from the interview and a link to the full podcast.
Schiff on Gold
“I’ve never seen a less loved bull market in gold than the one we have now,” Schiff says. “The gold traders are so afraid of this rally, they don’t believe in it, they think gold is going to fall any minute now. Meanwhile, we just keep on rising.”
Schiff says in the past, when you don’t see gold miners confirm the rally in gold that it could be a harbinger of bad news. But “gold just keeps rising” Schiff notes, despite that. “I was buying more gold stocks on Friday. I thought it was just an incredible opportunity to increase an allocation that I already had.”
“I don’t think there’s any real money yet” in gold, he says. “There’s day traders in there. But I don’t think you’ve seen pension funds or endowments make any strategic shift into mining stocks,” Schiff says.
“The physical buyers of gold are basically safe haven buyers. When you’re in an environment where central banks are printing money, if you really just want to play it safe, if you want to be out of stocks and out of bonds, what do you buy? You buy gold. You buy real value. Real money.”
…click on the above link to read the rest of the article…
