There has been a lot of concern lately about the coronavirus & I totally understand why. Personally I don’t think the average person understands how far reaching the consequences of this epidemic will be. People are concerned, & rightly so, about catching the virus however the economic effects are going to be severe as well. We have already seen companies closed, profits reduced & the share market sliding downward. Traditionally in troubled times money has been poured into gold investments & over the last week this has certainly been happening however I think it is going to a topsee turvee kind of year. The gold investment price is certainly good at the moment & although gold jewellery isn’t the same as the stock market it does have an effect & secondhand gold prices are good at the moment. So keep an eye out on prices & what is happening around you.
