(Tues. May 13th, 2020) – To our 401 G.C. customers during COVID -19 :
As most experts will agree, we at 401 GoldConsultants believe the Corona virus has placed sudden, unique and very costly demands on the U.S. dollar & global economies.
Gold and oil are denominated in the current world reserve currency, the U.S. dollar .
Before the dollar, oil & gold were denominated in the British Pound Sterling.
That changed after WW2.
Make no mistake :
1. Oil drives industry
2. Gold drives finance
Gold is unique as it is both money & property at the same time ..PRIVATELY.
Right now Gold is behaving like money, and if will take many more paper dollars to buy gold as the U.S. Fed prints trillions of them now along with the rest of the world’s economies.
We are buyers of gold at these levels.
We bought a large amount of gold over (2) months ago in preparation for this virus and it’s price impact on the metal , we were not wrong.
Now Gold supplies are scarce and costs are at big premiums above its spot price, people are worried as the economy stagnates into 14% unemployment and interest rates remain at zero.
If you can buy gold, do it now. If you can buy proof (70) U.S. Government gold even better, those low MINTAGES and flawless grades will protect your downside and increase your upside as gold rises.
Gold is no one else’s liability and has no counter party risk, embrace this as the financial markets uncertainty builds from a devastated world.
Jack
Posted by :
Jack Dempsey, President
401 Gold Consultants LLC
jdemp2003@gmail.com