Kitco News
(Kitco News) – Preferring to make a deal with Silvercorp Metals, Guyana Goldfields said Wednesday its board of directors rejected the takeover attempt by Gran Colombia proposed earlier this week.
The post Guyana Goldfields rejects Gran Colombia acquisition appeared first on WorldSilverNews.
Seeking Alpha/Andrew Hecht/5-12-2020
“Bull and bear markets rarely move in straight lines. When it comes to gold in US dollar terms, the bull roared from the turn of this century through 2011. Gold consolidated above the $1040 level from 2011 through June 2019, when the next leg to the upside got underway. Last week the price of the precious metal corrected below the $1700 per ounce level, which is likely another in a long series of buying opportunities. I believe that gold is heading above the $2000 per ounce level and that $3000 or higher is not out of the question.”
USAGOLD note: We referenced this report in yesterday morning’s DMR and repost it here for those who may have missed it. There is an old saying among gold advocates and owners: The best time to buy the metal is when everything is quiet.
Bloomberg/Staff News/5-12-2020
“The second-order consequences of the coronavirus will be big. The large monetizations of debt and the pushing of bond yields to around 0% (while necessary) will reduce the appeal of holding dollar- and other reserve-currency-denominated debt. The wealth and political gaps and the conflicts from them will influence the distribution of wealth and power. The differences in how the United States and China handle this crisis will influence changes in the world order.” – Ray Dalio, Bridgewater Associates
USAGOLD note: This Bloomberg piece offers the observations and predictions of a large number of top analysts, financiers, policy-makers and business executives on “how our lives will be fundamentally changed.” Dalio (above) offers a very strong rationale in just a few sentences why the prudent investor might want to hedge his or her assets with precious metals.
Cartoon courtesy of MichaelPRamirez.com
