{"id":169960,"date":"2020-05-04T20:43:46","date_gmt":"2020-05-05T00:43:46","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=169960"},"modified":"2020-05-04T14:44:29","modified_gmt":"2020-05-04T18:44:29","slug":"another-stock-market-selloff-could-drive-more-bullion-buying","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/05\/another-stock-market-selloff-could-drive-more-bullion-buying\/","title":{"rendered":"Another Stock Market Selloff Could Drive More Bullion Buying"},"content":{"rendered":"
May 4, 2020<\/div>
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By Money Metals News Service<\/b><\/p>\n

Investors got a look at first quarter GDP, and it wasn\u2019t pretty. The U.S. economy contracted by 4.8%, even worse than the 3.3% decline anticipated by economists.<\/p>\n

In addition to that bad news, 4 million more Americans filed for unemployment last week. More than 30 million people have lost jobs over the past 6 weeks, and the situation is only getting worse.<\/p>\n

The S&P 500 lost 2.8% on Friday.<\/p>\n

Perhaps equity investors are beginning to wonder if share prices, which have moved relentlessly higher in recent weeks, accurately reflect the dismal economic data.<\/p>\n

Warren Buffett certainly is. The famed investor announced his company, Berkshire Hathaway, had sold all of its holdings in four U.S. Airlines and sounded a generally bearish tone in his annual letter to shareholders.<\/p>

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A new wave of selling and turmoil in the stock markets could drive a new wave of demand in the physical gold<\/a> and silver<\/a>. It is something for gold bugs to watch closely.<\/p>\n

Physical inventories remain tight, and premiums are already high. A new rush of buying will only exacerbate the scarcity problem in coins<\/a>, bars<\/a>, and rounds<\/a>.<\/p>\n

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The Money Metals News Service provides market news and crisp commentary for investors following the precious metals markets.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Money Metals News Service Investors got a look at first quarter GDP, and it wasn\u2019t pretty. The U.S. economy contracted by 4.8%, even worse than the 3.3% decline anticipated by economists. In addition to that bad news, 4 million more Americans filed for unemployment last week. More than 30 million people have lost jobs […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-169960","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/169960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=169960"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/169960\/revisions"}],"predecessor-version":[{"id":169963,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/169960\/revisions\/169963"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=169960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=169960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=169960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}