The American economy, by several measures, was in uncharted territory before the shutdown. For one, the jobs scene saw significantly low unemployment rates. And stocks were steadily marching upward. The housing market was strengthening. But underneath the high-flying economy lurked a historically large budget deficit that was the result of decades of unchecked government spending. And it is still cause for concern today.
"As world governments print ever-growing amounts of money, millions of Americans seek ways to protect their wealth in a system stressing itself to the limits," the company said in a press release.
People don’t know how the virus is going to spread or how long government lockdowns are going to remain in place, they are hoarding. In financial markets, investors are hoarding cash. “When this crisis ends – and it will end; it’s just a matter of when – all this hoarding will lead to inflation,” Tim Shaler, iTrustCapital