"We have a variety of factors here: We have the emergency rate cut [by the Federal Reserve], we have the flight to safety in bonds, and then we have no buyers coming into the S&P anywhere," Danielle Shay, a trader, said Friday in an interview on CNBC's "Trading Nation.
Fitzgerald doesn't allocate any of his clients' money to gold or other alternatives. Gold, he said, will tend to earn roughly the rate of inflation over the long term; stocks, on the other hand, are likely to generate much more wealth for investors. Nolte typically allocates about 3% to 6% of a client's portfolio to gold, as way to reduce an investor's exposure to stock- and bond-market volatility.
In the current market situation, long-term investors would do well to stay the course and stick to their investment plan rather than make wholesale changes to their portfolios, said Fitzgerald.Market "corrections" — selloffs of between 10% and 20% — since World War II have resulted in an average decline of nearly 14% and taken about four months to recover.
🙄quote the comex/London price of silver and gold, yet refuse to acknowledge paper silver/gold is not the price the physical market is showing. Premiums are sky rocketing, physical demand is soaring, and mines are going to shut down due to corona, and lack of profit at these lvls
What a horrible disservice you do to your viewers. You should be buying gold hand over fist. TP?... no no no... hoard GOLD
Easy to resist, as there is no gold to buy right now. JamesGRickards said he never met a billionaire that didn’t own gold.
Toilet paper is the new gold standard, you cant wipe your butt with a bar of gold! Just saying
Gold prices hit a high of $1700/once before the market selloff in response to the fed's actions. This Virus has created a buying opportunity, mainly because of the feds response to the health crises and the selloff in gold. Also, you can't compare physical gold with paper gold.
A little bit of cash... little bit of gold..little of silver...little of bitcoin.... own a house ... think of a business.. a little bit of everything
Gold has always been the standard and we don’t need the stock market crash to zero and we will still be fine in this country. So the stock market is not needed at all people will always buy an always Spend
This is not a financial crash this is a health crash🤡💰☠️☠️💉💉
Fun the same people that keep telling you to buy the dip.
Cash is king!... Cards still are provided banks don't collapse!
Gold prices move primarily on fear and confidence. No earnings no product no service provided. There lies the problem IMO.
don’t buy gold goyem
“DEFLATION” 😱
Lol don’t listen to a word of this article “ buy gold Buy Silver “ Fed will fall.
Precious metals have been almost as hard hit as the stock market.
It helps that its completely gone from the market. Cant physically buy it anymore. There aint any of it left.
traders that know how to trade are money money on the longside everyday trading stocks. you do not need gold. investors,advisors, brokers, the clueless, ... are losing money. everyone was a genius when the market was going up. have a good weekend.
Good luck finding any physical gold when prices sell-off..
Mazeltov
Buy bitcoin duh
Dammit buy bitcoin !!!
This is dishonest garbage
You guys don't want anyone to buy the investment that works because why? The gold lobby doesn't pay you to pump their stocks like the sell side banks and tech do?
CNBC SUCKS!!!!
Buy signal. OldWall Stonks
...wrong! Now is the time to buy.
DO THE OPPOSITE OF WHAT FAKE NEWS SAYS THEY ARE LOADING UP LOW!!!!!! IMO
Only reason buying is discouraged is COMEX is oversold. When traders refuse to roll over contracts and decide to take delivery there wont be enough gold to fulfill the demand. They sold over 100X what they can physically cover. Buy while u still can.
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Source: CNBC - 🏆 12. / 72 Read more »