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Financial Times/Chris Giles/4-12-2020
“With confidence indicators falling off a cliff, financial markets in turmoil and real economic indicators plunging, bankruptcies and job losses will leave deep scars on the world economy and hinder its healing for a long time to come, the data suggest.”
USAGOLD note: We referenced this Financial Times report in yesterday’s DMR and repost it now for the benefit of those who may have missed it. It serves as a reminder that it is important to get well hedged for the present if you are not already and to stay well-hedged for the future as more unpleasant surprises are likely. Though premiums on coin and bullion products are on the rise, they are still reasonable, in our view, and we still have a decent selection of items in inventory ready to be shipped.