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Kitco News

Here’s what Jim Rickards tells people who think it’s just the flu

Contrasting the present break out to the flu is like contrasting apples to oranges, claimed best-selling writer Jim Rickards.

" I assume in 2014, 20,000 people passed away of the influenza, and so much in the USA, we have about 100 fatalities, and they say it's not a huge offer. Yet that totally misreads," Rickards claimed, indicating the unpredictability around the illness's transmission variable, just how it spreads, as well as current absence of a sensible vaccine.
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Jim Rickards: economic freeze is here, get gold, silver if you can and get ready

We are potentially going into an "Ice-9" situation where the whole world may "freeze" over financially, claimed Jim Rickards, very popular writer of "The Road to Spoil" and also "After-effects: 7 Secrets of Wide Range Conservation in the Coming Chaos."

" If you close down the New York stock exchange, and also I can not market supplies as well as get cash, I'm going to sell my cash market funds or redeem my cash market funds. Then you've got to shut down the money market funds market, and after that people state 'ok, I'll go to the banks or the Atm machines,'" he claimed. "And then you've reached shut down the financial institutions so the factor is, it spreads from exchange to cash markets, to brokerage firm accounts, to banks, as well as you wind up closing down the entire system."
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Kitco Information is the globe's # 1 resource of steels market information. Our videos include meetings with popular market figures to bring you market-affecting understandings, with the objective helpful individuals make educated financial investment decisions.

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Silver price beaten down but investors can’t find any, so what’s going on? Peter Hug responds

Silver's future is bleak as an economic downturn could eliminate any type of industrial need left for the steel, this according to Peter Hug, international trading director of Kitco Metals.

Monetary plan was not enough to tranquil capitalists, Hug noted, as markets reacted negatively to the last Federal Reserve rate reduced made last Sunday.

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Kitco Information is the world's # 1 resource of metals market information. Our videos feature meetings with prominent industry figures to bring you market-affecting insights, with the objective helpful individuals make informed financial investment choices.

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Aviation faces greatest threat since 9/11, but Warren Buffett still loves it – Frank Holmes

The air travel sector has actually taken a struck with the episode of the coronavirus limiting travel, however capitalists are still placing cash right into airline ETFs, this according to Frank Holmes, Chief Executive Officer of UNITED STATE Global Investors.
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Kitco News is the globe's # 1 resource of metals market details. Our videos include interviews with prominent market numbers to bring you market-affecting insights, with the goal of helping individuals make informed investment decisions.

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Silver prices plummet as mints can’t keep up with demand

Rare-earth elements have dived out there, yet there is still demand for physical coins in the middle of the coronavirus outbreak, this according to Phil Streible, primary market strategist of Blue Line Futures.

" I can inform you something, I called about the last couple of days trying to buy physical steels, specifically physical silver, and silver was a $1.50 to $2.00 over place, so there is a hidden need that is available today, just extra on the physical side," Streible told Kitco Information.

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Kitco News is the globe's # 1 resource of metals market details. Our video clips include meetings with noticeable market figures to bring you market-affecting insights, with the goal helpful people make educated investment decisions.

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Gold prices getting crushed, where can investors seek refuge now?

Gold, like the majority of possessions throughout the board, have taken a hit Monday, but medium to long-term, rates must recoup to ultimately reach brand-new highs, claimed Bill Baruch, president of Blue Line Futures.

" There is mosting likely to be a bottom right here, there is going to be a significant purchasing chance. As a matter of fact, in my morning note to customers, I made a point to say that I really feel really certain that gold is mosting likely to be establishing a new document high in the intermediate or long-lasting," Baruch told Kitco News. "Once gold supports and other possession classes support, you're mosting likely to be able to ride the wave greater."

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Kitco Information is the globe's # 1 source of metals market details. Our video clips include meetings with famous industry figures to bring you market-affecting understandings, with the objective helpful individuals make informed financial investment choices.

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Don't neglect to register for Kitco News' Weekly Roundup– comes out every Friday to wrap up the hottest stories & video clips of the week:.

Join the discussion @ The Kitco Forums as well as become part of the premier on-line community for precious metals investors:.

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.

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Deep recession looms for Italy, but worst is yet to come says professor in lockdown from Milan

Italy has actually quarantineed the entire nation of greater than 60 million individuals, and also as well as this may quicken an already slowing down economic situation, stated Ivo Pezzuto, teacher of worldwide business economics at the International College of Monitoring.
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Kitco News is the world's # 1 source of metals market info. Our videos feature meetings with popular sector numbers to bring you market-affecting understandings, with the objective helpful people make informed investment choices.

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Global market meltdown is on; it’s sheer hysteria says Gerald Celente during heated exchange

Overhyped when it initially burst out earlier in the year, as well as is now a lot more overhyped, stated Gerald Celente, author of the Trends Journal.
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Kitco News is the world's # 1 resource of steels market information. Our video clips include meetings with popular market figures to bring you market-affecting insights, with the objective of helping people make informed financial investment choices.

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Recession coming, gold price to skyrocket like hot knife through butter – Peter Schiff

More monetary stimulation will come to stop an impending economic downturn, and a larger cash supply would be bullish for gold, this according to Peter Schiff, CEO of Euro Pacific Capital.

" I think that individuals have actually obtained this wrong, everyone is looking at this occasion as deflationary, but it is actually the contrary. You're mosting likely to have a reduction of manufacturing, so less supply of goods, and also the globe is mosting likely to be flooded with money," Schiff told Kitco Information
__________________________________________________________________
Kitco Information is the globe's # 1 resource of metals market info. Our videos feature interviews with famous market figures to bring you market-affecting insights, with the objective helpful individuals make notified investment decisions.

Sign up for our network to keep up to date on the most up to date understandings relocating the steels markets.

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Don't fail to remember to sign up for Kitco News' Weekly Roundup– comes out every Friday to wrap up the best tales & videos of the week:.

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Why isn’t gold at $2,000 when global economy is melting?

With stocks diving lower and also the coronavirus halting travel and worldwide trade, gold still seems to meet resistance. Dan Oliver, companion of Myrmikan Funding, evaluates in.
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Kitco Information is the globe's # 1 resource of metals market details. Our video clips feature interviews with noticeable sector figures to bring you market-affecting understandings, with the goal of helping individuals make notified financial investment decisions.

Subscribe to our network to keep up to day on the most recent understandings relocating the metals markets.

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Don't fail to remember to enroll in Kitco Information' Weekly Roundup– appears every Friday to wrap up the most popular stories & videos of the week:.

Join the discussion @ The Kitco Forums and be part of the premier online community for rare-earth elements capitalists:.

Please note: Video clips are not trading recommendations and also the views shared may not reflect those of Kitco Metals Inc
.