There’s no question we are living in uncertain times.
The COVID-19 pandemic has led many national governments to take draconian measures to protect their populations, forcing businesses to shut down and people to stay at home. Most of the economy in most parts of the world has been shut down. Economic activity has come to a complete standstill, rather than declining or stalling as it has in every major crisis to-date.
And even if we do get back to business as usual (which isn’t guaranteed, according to some sources), there’s no way to flip a switch and turn the economy back on. Many small businesses that have no way of staying afloat will never be coming back. There will be a long list of run-on effects of this shutdown that will lead to dramatic and lasting effects on life as we know it, many of which don’t apply to our discussion of gold mining stocks in 2020.
As far as the financial world is concerned, we’re in uncharted territory. The word “unprecedented” is getting thrown around a lot because there aren’t many other ways to describe what’s happening. There are no real historical comparisons from which to draw conclusions other than maybe the Spanish Flu of 1918.
Despite this, it is possible to navigate uncharted waters to a degree.
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