gold, page-87753

It is great news from Pfizer and significant that this has been released 5 days after the US Election and not 5 days before.
The election of Joe Biden is not a magic cure all. We have a seething Donald Trump who will be even worse following the Pfizer announcement. He remains in control until the 20th January and you can bet there will not be an orderly handover. He and his irresponsible sons will continue to incite the cult followers.
Now look at the US Debt to GDP ratio.
In 2008 when Obama took office Debt was $10,025 (in billions rounded) 68% debt to gdp
In 2016 when Trump took office Debt was $19,573 (in billions rounded 104% debt to gdp
In 2020 when Trump got rolled Debt is $26,477 (in billions rounded and 136% debt to gdp.

Put in perspective Greece debt to gdp i2 182% and Greece is considered a basket case.

So good luck Joe, first on extracting Donald and then trying to turn this around.

So a prudent person should be holding a proportion of their investment in gold or gold miners where there is no sovereign risk. The fall today in my opinion is a knee jerk over reaction and you need to look at the broader picture.

My thoughts only.