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Coronavirus impact on Economy & Gold Safe-haven?
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Greetings!
There is no doubt, China is trying their best to control the Novel CoronaVirus but continuous bad news we receiving from China. As an economic hub, China is suffering badly and it is impacting the global economy badly. See this news here https://www.project-syndicate.org/commentary/chinese-economy-coronavirus-limited-impact-by-zhang-jun-2020-02. According to this news, its an alarming situation for the entire world because doesn't only sell goods but it sells at the lowest rates. Yes, cheap PCBs, tech products etc only comes from China. Moreover, as China is one of the biggest buyers of oil that's why oil prices are down because of low demand.
Similarly, I noticed decrement in gold prices but some experts are optimistic about gold and considering it safe heaven but I am not much sure and willing to sell my gold to any gold buyer with reasonable rates like this. Or should I still consider gold as a safe haven investment and shouldn't sell it. On the other hand, if I sell my gold bars investment then do you think should I go with cryptocurrency or which other kinds of investment? What are the safest investments in this terrible recession? Are you smelling a big recession in 2020?
Similarly, if Chines smart gadgets companies get losses, they will definitely spike the prices. I don't know what would be the consequences. What are your views in this regard?
There is no doubt, China is trying their best to control the Novel CoronaVirus but continuous bad news we receiving from China. As an economic hub, China is suffering badly and it is impacting the global economy badly. See this news here https://www.project-syndicate.org/commentary/chinese-economy-coronavirus-limited-impact-by-zhang-jun-2020-02. According to this news, its an alarming situation for the entire world because doesn't only sell goods but it sells at the lowest rates. Yes, cheap PCBs, tech products etc only comes from China. Moreover, as China is one of the biggest buyers of oil that's why oil prices are down because of low demand.
Similarly, I noticed decrement in gold prices but some experts are optimistic about gold and considering it safe heaven but I am not much sure and willing to sell my gold to any gold buyer with reasonable rates like this. Or should I still consider gold as a safe haven investment and shouldn't sell it. On the other hand, if I sell my gold bars investment then do you think should I go with cryptocurrency or which other kinds of investment? What are the safest investments in this terrible recession? Are you smelling a big recession in 2020?
Similarly, if Chines smart gadgets companies get losses, they will definitely spike the prices. I don't know what would be the consequences. What are your views in this regard?
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