Reuters/Peter Hobson/3-23-2020
“Three of the world’s largest gold refineries said on Monday they had suspended production in Switzerland for at least a week after local authorities ordered the closure of non-essential industry to curtail the spread of the coronavirus.”
USAGOLD note: We first warned that the coronavirus could translate to a supply problem in the gold market in last month’s newsletter. “At the moment,” we wrote, “the supply lines in the precious metals business are still functioning smoothly. There could come a time, though, when they are not – a possibility, by the way, that has received scant attention in the context of the coronavirus contagion”. The lead article in that edition of our monthly newsletter, by the way, titled “Hedging the decline and fall of a currency – The baseline case for gold hasn’t changed much in 1700 years”. It reviews Jack Whyte’s latest novel “The Burning Stone”, and we think you will find it interesting in the context of recent events.
Looking for a way to stay current with the big issues in the gold market? SIGN-UP FOR NEWS &VIEWS – OUR MONTHLY NEWSLETTER
Image: Hard copies of News & Views – Forecasts, Commentary & Analysis on the Economy and Precious Metals (1999)
