Tag Archives: Covid-19

Are gold investments coming to an end?

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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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How the coronavirus in the “factory of the world” struck down the global business – part 2

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In the first part of the article we examined the effect of the coronavirus COVID-19 in China has on some of the neighbouring countries. In this we will turn our attention to the industries reaching far beyond China.

Since China produces all kinds of goods and components for other goods, the quarantine in Wuhan, which is a significant industrial and transportation hub, as well as the overall transport limitations, inevitably affect the production of almost everything – from smartphones, through automobiles, to medications.

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How the coronavirus in the “factory of the world” struck down the global business – part 1

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The 2003 epidemic of the SARS coronavirus made 8098 people ill and killed 774 people in 17 countries, which makes up a 9.6% mortality rate and renders it considerably more deadly than this year’s coronavirus COVID-19 with its 2.8% (for now).

Just like SARS, COVID-19 first appeared in China and then spread globally. Just like SARS, the new coronavirus from Wuhan affects the global economy, but the similarities stop here.

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The Coronavirus: Everything We Know About the New Epidemic and Its Effect on the Global Economy in 2020

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Коронавирусът и световните пазари

Source: DeltaStock

Currently, the world is in a state of panic not witnessed since 2003. Back then, a severe acute respiratory syndrome (SARS) infected over 8000 people, caused the death of 774 citizens from 17 countries and went down in human history as “the crimson death”.

Now, amidst an endless stream of TV and social media news regarding the new Chinese virus, a troublesome trend emerges—the panic-inducing idea that the SARS story might repeat itself.

Here’s everything we know about the virus so far.

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