Harald Seiz is right: Gold tops USD 1,800

Harald Seiz, head of the international Karatbars Group, will mark July 7, 2020 in red on the calendar.

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Harald Seiz has what some would call a vision, or others might call an analysis of the potential development of global financial markets.

Gold is a highly sought after commodity during this crisis and is seen as a safe haven.

The coronavirus global pandemic is the black swan of all black swans. Countries around the world are rolling out wartime-like emergency measures to fight COVID-19.

Gold prices headed for their strongest weekly gain since late 2008 on Friday, adding more than 8.2% as the rebound in global stock markets faded despite governments and central banks unleashing record financial aid, stimulus and lending programs.