The Worst Week For Gold And Silver Investors Since 2011

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	Investors Hunting Liquidity : Selling Gold To Ride Out The Market Turmoil
	As a slump in global markets continues unabated, investors are selling gold to meet liquidity needs by cashing in on the haven’s previous gains . . . . Bloomberg News
	Why Gold’s Plunge Proves It’s A Safe Haven Asset
	Gold is often seen as a safer bet for investors and Thursday’s plunge in prices, as global stock markets drop, shows that investors have taken refuge in what the precious metal has to offer: cash . . . . Myra P. Saefong
	Gold Rush Picks Up With $100 Billion Traded In London In A Day
	The fear gripping markets around the world is fueling record trading in gold. . . .Elena Mazneva
	Why You Should Buy Gold Now!
	Gold is known as the safe-haven asset, and whenever we see a meltdown in the equity markets. . . .Naeem Aslam
	Gold To Silver Ratio Hits 100!
	This may not seem like a big deal, because ultimately people buy metals. . . .Przemysław Radomski
	Now Is The Perfect Time To Hold Gold - BNP Paribas
	Investors should look past gold’s short-term volatility and pay attention to the broader uptrend . . . . Neils Christensen
	Gold Confiscation – Could It Happen Again?
	On April 5, 1933 a strange announcement appeared in U.S. newspapers. Thanks to Executive Order 6102. . . .JP Koning
	The Case Against Using Cash During The Coronavirus Outbreak
	The ongoing spread of coronavirus is forcing institutions around the world to rethink one particularly germy. . . .Samantha Murphy Kelly- CNN Business

The volatility in the world’s financial market which is being caused by concerns over the coronavirus continues to worsen. Last week, Gold reached a 9-year high of $1,700 and made a 2020 low of $1,500, before closing at $1,513, down $155 for the week.

In the past month, as the coronavirus became a pandemic, the Dow Jones average (DJIA) has moved from 29,398 to 23,185, (which is after last Friday’s 1,985-point rally) showing a 6,213-point drop, a 21% correction. During the same month period, Gold moved from $1,586 to $1,513 per ounce, a correction of $73 (4.6%). I believe the past months of trading demonstrates why Gold is considered the best safe haven investment in times of financial turmoil.

Watching CNN over the weekend made me aware of what the U.S. and countries around the world are doing to respond to the effects of the coronavirus. Countries around the world are doing everything possible to protect their citizens, while providing subsidies to businesses that are directly or indirectly laying off workers based on a loss of business. Our congress has passed legislation that provides help to citizens and businesses, as the Federal Reserve cuts interest rates to zero to help financial markets and business.

Hopefully, within the next three months, the coronavirus will be in our rearview mirror, but what about the trillions of Dollars, Yen, Yuan and Euros that are being printed and given away? Within the next month, I believe the government actions on giveaways will be passed and committed. At that time, market analysts will provide a revised estimate of U.S. and world debt, and it will be scary. Right now, we have an extraordinary opportunity to protect our assets by adding to our Gold and Silver holdings at a great price.

Today: Gold reached a low last night during Asian and European trading of $1,446 per ounce. Major buying appeared at that price (possibly Central Banks) and quickly drove Gold back over the important $1,500 per ounce support level. Right now, in the face of a global sell-off in the financial markets, Gold is fighting to stay above the key $1,500 level.

With the continued news involving the coronavirus, we hope our clients and friends are adjusting their lifestyles to protect themselves and their families from any excess risk during this period. We too are taking more preventative measures in our office to make sure all our increased demand can be met as — due to the nature of our business — we are unable to work remotely. For this reason, we are sterilizing our office regularly, increasing our safety protocols in our shipping department, and are monitoring the health of all our staff. We have also instructed any staff member to stay home if they have concern that they aren’t feeling 100% healthy. We will continue to monitor the situation closely and, if any changes are necessary, we will continue to update you as needed. Thank you for your continued patronage and we wish you to stay as safe as possible.

As many of you know, I chair the Gold & Silver Political Action Committee, the precious metal and rare coin industry’s PAC. As Chairman of the PAC, I talk with state and federal lobbyists, regulators, and legislators on issues that directly or indirectly relate to precious metals and rare coins. Right now, the discussions are focused on limiting the collection of interstate sales tax and stopping the importation and sale of counterfeit coins. Should there be any new proposed regulations or legislation, I will make our clients aware.

Silver had a worse week than Gold, the largest single week drop that I have seen in over 7 years. Silver dropped an incredible $2.76 (16%) during the last five trading days, ending the week at $14.46. Silver is now at a 10-month low and trading at an unbelievable Silver-to-Gold ratio of 104-to-1. Right now, Silver is under attack, as the equity and commodity market investors are struggling to increase their liquidity to cover margin calls and losses.

While Gold has Central Banks buying, there is no Central Bank buying of Silver. But, demand of physical Silver investment products is picking up. The U.S. Mint reports that current March sales of Silver eagles exceeds 300% of what was sold in the entire month of February. 2.3 million one-ounce Silver eagles have been sold so far in March 2020, compared to 650,000 sold in February.

Today: Last night in Asian and European trading, Silver reached a low of $11.70, (no, that is not a misprint... $11.70 per ounce). As economies around the world close down, precious metals are getting hit badly. Silver, has since rallied back above the $13 level on record volume.