The Hill/Kristin Tate/7-5-2020
“A combination of the coronavirus pandemic, economic uncertainty, and social unrest is prompting waves of Americans to move from large cities and permanently relocate to more sparsely populated areas. The trend has been accelerated by technology and shifting attitudes that make it easier than ever to work remotely. Residents of all ages and incomes are moving in record numbers to suburban areas and small towns.”
USAGOLD note: Slightly off-topic, but an idyllic escape is something a good many precious metals’ owners are contemplating, if not already acting upon – especially those, as this article explains, who are in a position to do so, both professionally and financially. We see this as a social trend that was in motion before the pandemic hit – made possible, as pointed out in the quote above, by advanced technology. By the way, Financial Times this morning features a similar story about Londoners moving to wider spaces.
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“Goldman Sachs expects gold to benefit if China, the world’s top retail buyer, recovers much strongly from a second wave of COVID-19 cases than the United States, and reinforced its $2,000 an ounce target for bullion prices.”
