If they "discover" a vaccine, and everyone is convinced that things will return to the "old" normal.... Than yes, Gold will tank.
But I'm honestly starting to think they'll keep this crap going on for as long as humanly possible. So who really knows anymore.
Hate to say this.... but this time really is different.
Humans are frightened little sheeple, who like feeling protected. We're now begging to be saved ( read : enslaved ). I'm genuinely concerned what my fellow citizens are thinking. Check out social media... It's insane, the garbage these people are regurgitating.
Indeed.
I think the first phases (months until mid-summer) were a shock to most economies, but things might get just a little bit better now and, gold might take a breath.
Permabulls will have a lot of explaining to do again, if gold falls below 1,800 $. It could go even further down. Marc Faber said not below 1,800 $.
Now a lot more depends on social crises, industry-specific crises and the trade wars with China/Turkey/Russia etc.
Things will escalate.
The "redistribution of power and areas of influence" is happening gradually: the multipolar world is the future. And the only global power can come from an ideology, globalism, neo-communism (call it whatever). China is not likely to become a global power (most countries would distance themselves plus, there are many other factors), but the US will no longer be a global power, the EU and Russia don't have that potential etc.
People are "sheeple" indeed. They don't understand anything in front of their eyes.
They think willingly give everything up: privacy, ownership etc. Willingly, but without understanding what they're doing.
This is neo-communism with a human face.
The WHO says corona will be with us for 2 more years. How do they know?
It can last as long as they want.
I just hope that "soylent green" is not the next step. The movie plays in 2022. And in the movie they speak of a post-economic crisis famine-infested world. Perhaps you know. (if not, just look up the trailer: Soylent Green)
