• november 10, 2020
  • Sofian Houasnia

Why You Should Buy These 9 Gold Stocks At This Period.

In a world turned upside down by the novel coronavirus, there’s a premium for stability.In part, this tells why the gold price is in the $2,000 level at the main time.For those that prefer the convenience of tradable securities while offering exposure to precious metals, gold stocks may the best choice for traders now.Certainly, this sector benefits from the two traditional catalysts that bolster this safe-haven asset: fear and inflation.For one thing, we have the existential threat of the still-raging Covid-19 pandemic.According to data from the Centers for Disease Control and Prevention, on Nov.5, new daily infections soared to nearly 118,000.

Undoubtedly, the inability to get this outbreak under control was one of the reasons why the American electorate decided on a transition in power through President-elect Joe Biden.Second, the health crisis of the novel coronavirus has obviously spilled over into the economic realm.To be fair, the Trump administration has done an admirable job in helping to drive down national unemployment rates from their startling peak.However, the governmental response overall was found lacking.

When Biden takes over, though, he must be careful to support a low-interest-rate environment.Otherwise, he could risk collapsing the robust housing market, cratering economic sentiment.Of course, a low-interest-rate environment is net positive for gold stocks.True, a Biden administration could theoretically become a monetary policy hawk.But I just don’t see that happening because a fragile economic recovery needs support, not austerity.Angered by the odd election night swings, many Trump supporters are crying foul, questioning the validity of the ballot-counting process.

Sofian Houasnia

If you have an idea that you geniunly think its good don't let some idiots talk you out of it.