How an Economic Crisis Can Affect Your Investment

We’ve been in recession since February apparently, ending the longest economic expansion in American history. The economy collapsed so rapidly that the National Bureau of Economic Research wasted no time in announcing a recession, a stark contrast to previous downturns when the body took upwards of a year to declare what most people already knew.

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Billionaire Sells Stocks for Gold

Warren Buffett has long been critical of gold as an investment. He once said it “has no utility” and that the “magical metal” is no match for “American mettle.” He also said, “Anyone watching from Mars would be scratching their head”, over how we value gold, but he just acquired nearly 21 million shares of Barrick Gold worth $563 million.

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Solar or Oil?

The U.S. Energy Information Administration confirmed over a year ago that the US is the world’s biggest oil producer. Yet, in 2019, we imported about 9.10 million barrels per day (MMb/d) of petroleum from nearly 90 countries.

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Covid-19 Isn’t the Only Cause Bossing Your Metal Value

By now, we’ve all heard it. It is starting to sound like a broken record. The coronavirus, inflation, unemployment, international political tension and the economic crash are pushing Gold towards $3000 and Silver to $50 while some say over $100 in as short as 3 years.

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