Good evening - Back in September, the Federal Reserve chairman Jerome Powell made about the closest thing he could have made to a guarantee. In remarks following the Fed’s last Open Market Committee, Powell said the Fed was “not even thinking about thinking about raising rates.” Well, at least he didn’t leave any doubt. And while the prospect of interest rates near zero for the foreseeable future is bad news for the old greenback, it lends further support to the Gold Rush of 2020. The price of gold is up over 25% in 2020. And Powell alluded to a potential reason why. It’s not the virus. It’s the collateral damage caused by the lockdown measures in March and April. You may know someone who has been infected by the novel coronavirus. Sadly, you may know one or more of the 220,000 who have lost their lives from Covid-19. But you probably know an equal number, if not more, people, who have lost their jobs in this pandemic. In fact, over 14 million Americans who had jobs in February are unemployed. And many of those jobs will not be coming back. This is creating the perfect scenario for gold and gold stocks. The price of gold sits at $1,870 per ounce. But every time gold starts to sniff $2,000, the contrarians try to take away the punch bowl. And they may be right again this time. But not now. The fear trade is in full effect. We’re months away from a presidential election. We’re learning how to live with a novel virus for which there is no vaccine. We have social unrest that has turned into riots in many major cities. Americans want things to feel normal and safe. But that won’t happen for some time. In the meantime, investing in gold is a perfect way to play the flight to safety. And we’ve created this special presentation with seven of the best gold stock you can invest in right now. View the “7 Gold Stocks to Buy Before the Fed Changes Its Mind.”
Matthew Paulson
MarketBeat.com | 
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