August 19 insto presentations, page-27

Another good post worth reading and thinking about .

My take on the current disaster is to focus on the damage already done to economies and expect a protracted deep recession with no quick rebound in employment world wide .Hence protracted weak demand .
I feel that whenever the road to recovery actually starts it will be a long gradual and painful one .
It is hard to see how gold can avoid doing well in this scenario isn't it ?!
And where do you put cash ?
Bank interest and bond interest are low .
Paper currencies are weak .
Common sense suggests weaker stock markets and real estate predictions aren't encouraging .
Buffet found one of the few reliable and safe earners ...profitable gold mines .

It's not as if the world economy was strong before COVID .
Gold stocks are a no brainer IMO and not there for profit taking but to be held .