Bloomberg/Shawn Donnan, Christoph Rauwald, Joe Deaux, and Ian King/3-20-2020

graphic image of investor holding gold bar with three bears in the background“The world’s supply chains are facing a root-to-branch shutdown unlike any seen in modern peacetime as efforts to contain the coronavirus outbreak hit everything from copper mines in Peru to ball bearing makers in Germany’s industrial heartland.”

USAGOLD note:  In sorting out the reams of conjecture on the economic effects of the coronavirus, the one analysis that makes enduring sense is that no one knows how all of this going to shake out – a very strong argument for parking capital in precious metals.  Peru, by the way, is the world’s second-largest producer of silver and the sixth-largest producer of gold.

Image courtesy of Visual Capitalist