Gold for the Win Amid Global Economic Slowdown

godcoin (58)in #money • 6 years ago (edited)

The world is going through many changes and troublesome situations. Some changes are smoother than others. However, there are talks of numerous wars and fighting, Brexit, refugee humanitarian crises, mass rioting in particular countries, geopolitical drama, trade wars, and even catastrophic weather and earthly changes. What do they all have in common? They all effect the global economy. Unfortunately, fiat currency seems to get hit harder with these changes than precious metals. Of course, all figures fluctuate, but some are more volatile than others. It was reported today that:

Gold prices rose on Friday, recovering from the previous session's sharp fall, as the dollar dipped and mounting concerns about a slowdown in global economic growth boosted demand for the safe-haven bullion...

The dollar slipped 0.1 percent against major currencies, and was on track for its biggest weekly loss since early December.

'The dollar has weakened and gold as a safe-haven asset has seen support from Brexit uncertainty. As long as gold can hold the $1,290 level, it can reach the first level of $1,302 and then $1,310,' said Ajay Kedia, director at Kedia Commodities in Mumbai.

'The support we are now seeing at $1,290 shows that as long as there is lack of clarity on the (Brexit) deal, gold should be holding well.'

Providing additional support to bullion were increasing signs of a global economic slowdown, analysts said.

Kitco reported today confirmed that gold and silver are doing well.

Gold and silver prices are slightly higher in lackluster early U.S. trading Monday. A weaker U.S. dollar index on this day is working in favor of the precious metals market bulls. April gold futures were last up $1.40 an ounce at $1,304.30. May Comex silver was last up $0.011 at $15.335 an ounce.

Source

Even though these events with others are pointing towards a slowing economy, precious metals will always have value, even when fiat currency is rendered useless. Gold and silver will continue to be the "safe-haven assets" even when the global economy goes into a recession or collapse as many have been predicting. This is why GODcoin has chosen these precious metals such as gold and silver to rise above the ashes. By having GODcoin backed by gold and silver, security and stability will prove to be a major win and dominant asset in the future. Not only that, but GODcoin will be the future of crypto and trade because it is backed by the one and only returned Christ, Lord RayEl and it will be used in the New Kingdom. Don't wait around, it's time to invest wisely in GODcoin!

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This article was authored by Judith Monte, @belovebelight

There are many advantages to GODcoin especially since it is one of the few coins that will be backed by gold and silver. Not only does GODcoin offer the illuminated path towards a prosperous future, but very soon, it will be the global currency. To learn more, visit the following links:

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