HOW DOES THE CORONAVIRUS CRISIS AFFECT GOLD DEMAND?
Dear reader, we regret the times of quarantine and those to come due to the great crisis that is approaching to our Spanish lands and well as well to the rest of the world but... According to several economists, we’ll be at the forefront of Europe in terms of recession, and for this reason, we believe that our services could really help you.
Gold continues at record highs and anyone who needs financing or refuge we’ll be your best ally for the purchase, sale or pawn. If we stand out in anything is in our low costs being able to offer you the best prices on the market, do not hesitate to call us to check it.
We have already been open for a week fully available to the public with previous appointments and we also have our online service operational for those customers who wish to do so while phase "0" is in progress, when phase "1" arrives, an appointment will no longer be necessary.
Regarding the current situation of gold at the macroeconomic level without going into details, it is to remind you that from the end of 2018 to the beginning of this year 2020, its value increase approximately a 30% and throughout this year a little more than 10%, having a correction during this quarantine period, but which has already been recovered. Central banks, like several countries, continue to monopolize this raw material to the point of saturating the production of refineries, which is why these increases are reflected... So as in 2008, the Gold Dealers were there to help with the crisis of Lehman Brothers, now we’re back for this occasion.
Finally, those people who think gold will continue to rise may be right, but for how long? Clearly, there is resistance to a continuous rise as it has already happened... And our experience between 2012 and 2013 has already shown us that the gold value can go down faster than it rises... It would be enough for a vaccine or antiviral to appear that would make the price lose a third part of its value before they publish any news in public about it... Everything related to quotes and stock market anticipates the periods that are to come in advance, up to 6 months and even 1 year. Now being fully aware of the current situation you choose the best decision, although if you contact us we could inform you even better without any commitment.
If you are interested in buying or selling gold online, Calabria Oro has launched a new service in view of the specific current situation. The operation is very simple, and in case you have any questions, do not hesitate to contact us.
We wish you good luck and encouragement!