Coronavirus Epidemic Emphasizes the Need to Buy Gold

CNN-- "This Coronavirus outbreak, coupled with the several other risks that lie ahead, can cause gold price to soar in 2020. China delayed the reporting of the SARS outbreak to the World Health Organization (WHO) in 2003. By the time they reported the illness, it had already claimed 774 lives and infected 8,098 people in 30 countries. China even hid patients from WHO authorities. The disease caused Chinese GDP to shrink by 0.8 percentage point in 2003. You can bank on China doing the same with this new strain, which has never been identified and has no vaccine. The disease has already made its way into the U.S., as confirmed by CDC. Thousands could already be infected. The mystery illness couldn't have come at a worse time as 2020 is shaping up to be a year of economic and geopolitical uncertainties. Now, it looks like a perfect recipe for a global meltdown is forming, and it makes a strong case for the gold price to soar....The world's biggest hedge fund, Bridgewater Associates, recently slapped a $2,000 price target on gold, citing global uncertainties."