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Kerry Lutz's--Financial Survival Network

May 23, 2022

The price of gold has been resilient considering what’s happening in the markets, and the mining sector has been thrown out with the growth stocks. Will the mining stocks start making money any time soon? I sit down and chat with Gwen Preston, known as the ‘Resource Maven,’ and she explains how investing methods have largely shifted as a result of the pandemic. With the prevalence of big tech stocks and the impact on the US dollar, the metals have taken a hit. Is there a light at the end of the tunnel? Tune in to find out.

-Gold has done well considering the impact on the US dollar
-Gold is getting a safe haven bid
-From the pandemic to the end of 2021, gold got good bids
-A billion dollars flowed out of mining stocks; the broad markets were still doing what they’ve done
-Big tech stocks performed well during the pandemic due to people staying at home and relying more on technology
-Have cryptocurrencies messed up people’s attention spans and caused a lack of future planning with investing? It seems that the cycle is out of touch with conventional/current investor expectations and timing
-Some people who haven’t had to learn the bad lessons (such as those back in 2009) may learn their first one now
-Finance has been reduced down to apps

Useful Links:
Financial Survival Network
Resource Maven