Many investors have included physical precious metals as part of their diversification plans, given their long history as a hedge against both inflation and times of economic turmoil.
Many such investors view temporary price dips in precious metals as nothing more than buying opportunities that allow them to acquire additional physical product for their portfolios whenever price dips.
As governments lift restrictions and demand for goods and services regain momentum, many investors continue purchasing physical precious metals to shield their portfolios from inflation.
Market euphoria reached unprecedented levels this week as markets and stocks reached new highs while political unrest shook this country’s core.
Late Saturday morning, several news outlets called Joe Biden elected as President. Pennsylvania’s 20 electoral votes went to former Vice President Joe Biden
The key to profitability through the ownership of physical precious metals is to acquire the physical product and hold on to it for the long term.
Many investors have chosen to use physical precious metals for the purpose of diversifying their portfolios, recalling their long-storied role as safe havens in times of economic and geopolitical turmoil.
The escalating tensions have many market analysts worried that the trade war between the U.S. and China which began before the outbreak could escalate into a full-scale and global event.
The carnage in equity markets continued this week as the spread of COVID-19 expanded across the globe. Volatility seemed to surge on each new headline with regards to the virus.
The continued spread of the novel coronavirus outside of China was the top concern for most news outlets this week. The friction between President Trump and the House of Representatives continued to escalate this week, even as his impeachment Trial in the Senate came to its conclusion.