Published: 2020.03.02. Panic and sales: gold is breaking records - what's the forecast?

Panic and sales: gold is breaking records - what's the forecast? - Preview

The coronavirus story once again showed how fragile modern civilization, the economy and the usual way of life are faced with such a phenomenon as a global pandemic. And although there is a version about the laboratory origin of this virus, this does not affect the devastating consequences - since it led to paralysis of the Chinese economy and entire segments of international trade, tourism and air transportation.
The dynamics of the spread of the virus is such that it is almost impossible to prevent its spread - you can only slow it down. And while maintaining the current dynamics, no later than the end of this year, approximately 80% of humanity, especially urban people, will be infected with this virus, and quarantine measures will lose most of their meaning. But science does not stand still, and sooner or later, drugs will be created that will effectively fight this disease.
However, even if this virus did not exist, it would have to be invented - and this is why. The modern global financial system has all the characteristics of a "financial pyramid", where there is an endless accumulation of new debts to cover old obligations. Already, it is clear that neither the United States nor other leading and developed countries of Europe and Asia are able to either pay off their obligations to creditors and their own population in the near or in the distant future. These liabilities are serviced by the ever-increasing cash emissions from central banks.