Gold Crosses $2,000USD
Update: Gold is well over $2,000USD now and seems to be continuing. All below still applies. Exciting times!
Gold crossed over the $1,900USD mark this morning at 9am eastern time, 13:00UTC.
It feels like a very long time since gold last was running up in 2011-2012. And while INN has diversified and done very well in tech, life science and cannabis, the gold market being quiet has had a big impact on our clients, our audience and ourselves.
It was a few months ago when Matt Parent suggested that the financial crisis in 2008-2009 lead to a lot of fiscal stimulus and the gold price rose over the next 3-4 years. He suggested that the fiscal stimulus happening as a result of COVID-19 will affect the gold price for at least that length of time.
If that is the case, we could be in for several years of positive gold markets. And that would be very good for many of our clients, our audience and ourselves.