[Michael Reagan]
Breaking News From Reagan Reports for America
White House trade adviser Peter Navarro said in a new interview that the medical equipment shortages some areas of the U.S. are facing amid the coronavirus pandemic are a result of crucial equipment being manufactured overseas, [The Hill reports](. Its the globalization of production through multinational corporations, who salute no flag, who love cheap sweatshop labor, and who love the massive subsidies that the Chinese government throws at production to bring it from here to there, Navarro told CBS 60 Minutes on Sunday. The scarcity of supplies has helped lead states and local governments to compete on the open market for supplies.
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Dear Reader,
News reports of the deadly coronavirus spreading across the globe have created fear and elevated concerns all over the world. It has pushed 10-year Treasury yields to record lows and the Cboe Volatility Index (VIX) to the highest level since the Great Recession. The resulting panic has triggered the Dow’s largest one-day point drop in history, pushed all three major U.S. indexes into correction, slammed global markets, and singlehandedly crimped economic growth forecasts around the world.
The US recently reported the highest one-day coronavirus death of any country with 1,800 coronavirus-related fatalities...pushing the total number of deaths in the U.S. to at least 12,893...
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Experts warn your 401(k) or IRA could be at SERIOUS risk. The Dow Jones finished its worst quarter since the crash of 1987 and the steepest first-quarter decline in the blue-chip index’s 135-year history...
If that doesn’t get your attention – what will? The disruption, fallout, and long-term consequences of the virus could upend supply and demand, paralyze the manufacturing sector, spike unemployment, overwhelm health resources, exacerbate consumer and corporate debt, and dramatically increase uncertainty. And to make matters worse, the Fed can do little to help after slashing rates to near zero on Sunday. They are, as many experts maintain, “Out of Ammo!”
What about all those IRA’s, 401(k)’s, pensions and retirement plans? History has proven there is scant refuge from speculation, risk, and all out panic.
“The worst was yet to come, for germs would kill more people than bullets. By the time that last fever broke and the last quarantine sign came down, the world had lost 3-5% of its population.” Charles River Editors, The 1918 Spanish Flu Pandemic: The History and Legacy of the World’s Deadliest Influenza Outbreak
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Much like the virus itself, we’ve never been here before and there is uncertainty around every corner. The world’s largest and wealthiest companies, the safe and profitable stalwarts of industry, are issuing warnings and exuding somber tones which underscore the truth about all pandemics – that nothing is safe and no one is immune.
Goldman Sachs, however, has identified one asset class that it deems virus resistant. Gold has earned its reputation as a safe haven precisely because of its history of holding its value during the most volatile episodes in human existence which include world war, global disasters, international catastrophes, and out of control pandemics. “While so much about the current environment remains unclear,” said Goldman’s head of global commodities, “Yhere’s one thing that isn’t: gold, which – unlike people and our economies – is immune to the virus.”
Gold continues to dramatically outperform other safe havens in 2020 and has now officially become, “The currency of last resort.”
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Amid all of this uncertainty, gold has once again become the center of the investing world. It is a universal hedge against unilateral risk and a coveted safe haven for central banks across the globe. Gold set 6-year highs last year, and its strength has been fueled by the converging forces of slowing growth, lax monetary policy, and financial risk. It is an apolitical asset that protects wealth in every economy, on every continent, and in every currency.
Gold is now perfectly positioned to be the global apolitical asset that the world will embrace to protect universal wealth.
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It’s easy to let it ride --- to hope that the markets rebound, trade tensions ease, the expansion continues, politics turn friendly, and none of the world’s geo-political hot spots flare up within the year. But we’ve also made it easy to be informed, and it will cost you absolutely nothing.[Get your Free Playbook Now](
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