The question you should be asking yourself right now is do you have enough CASHFLOW? What do you need to liquidate to prepare for a prolonged period WITHOUT CASH COMING IN.
The CIO of Saxobank makes an outstanding point. Most businesses can only withstand 3 months without cashflow. Some of the countries affected by Covid19 are already 2 months into their outbreak. Next month is going to be make or break month.
Refer from 1:40 to 4:40. The video controls below have already been set to start and end play at the relevant sections. You can launch in Youtube if you want to see the rest.
Whilst some see this market need to raise cash as a weakness for gold, gold investors actually find this an advantage for gold. One of gold’s strengths is how easy it is to sell / liquidate. If you are thinking of getting into gold and want to know, you just found out.
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Peak Prosperity was one of the first groups to bring accurate breaking news about the Corona Virus and give regular progress updates. This is their interview with the Chief Investment Officer of Saxobank. This interview is breaking news – live while the market is melting down now. If you are not listening to them already you need to be.