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By Nigel Somerville | Monday 16 March 2020
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The price of gold seems to have fallen over the edge of a cliff. This morning it fell below $1450 per ounce as the sellers moved in in spades – so is there anything to worry about? Well, yes there is – but it is not the price of gold: it is the magnitude of the calamity heading this way. Snowflakes may be selling but old fogies like me and that young whipper-snapper Tom Winnifrith have seen this before. And so too have our good friend Malcolm Burne (on and off of Golden Prospect) and the inimitable Peter Schiff.
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