A sharp and deep recession lies ahead – Martin Tarpanov, Deltastock

Since the beginning of this year the world is living under the threat of the new coronavirus SARS-CoV-2, more popular with the name of the illness it causes – COVID-19. It is dangerous both to the people and the economy and, though in the beginning the concerns about the economy were only moderate, in the past few weeks pessimism, at moments reaching apocalyptic forecasts, took hold of analysts, investors, business people (big and small) and common people alike. The questions which is more important – economy or health – spark fierce debates. 

This is why we asked Martin Tarpanov – a professional dealer with over 15 years of experience, head of the Fixed Income Securities Trading department in Deltastock and member of the company board – for his views on the global economy, the measures and the consequences of the pandemic. 

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Are gold investments coming to an end?

Source: Depositphotos

COVID-19 continues to spread at a worrisome pace, and by March 4th more than 90,000 people in over 20 countries had already contracted the virus.

And while shares on the Hong Kong stock exchange are being traded at their worst prices since 2004, the US30 index tumbled with more than 3%, the oil market continues to shrink and airlines cancel flights, gold is actually experiencing a long-unseen renaissance. 

Despite that, some financial analysts argue that the inflated gold price for the past few months would actually end up hurting the market more than helping it.

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