Keep your distance, the metal detecting way!

With the COVID-19 pandemic spreading rapidly across the world, a new global recession is all but assured. Deutsche Bank predicts China having two consecutive quarters of 30%+ contraction, while the US is anticipated to have a 12%+ contraction in the second quarter. As recession looms, it stands to reason that gold prices should be rising. Should being the operative word. Instead, we’re faced with a bit of a funky situation. Gold prices are falling. In the last month, gold has fallen nearly 7%. Granted, that is far less significant than the 9000+ point collapse of the Dow Jones in the same timeframe (roughly a third of its value). However, the drop is still surprising. Why is it that gold is falling?

For most Prospectors, social distancing is part of what we do and why we do it. Separation from the masses while out prospecting is our way of social distancing or as I call it, “social decompression”. It is a part of our makeup and getting out there and on the gold is something we embrace at every opportunity. Whether prospecting by yourself or with a small group of friends or family, it has been this way for generations, and most likely for generations to come.

From YouTube's Pioneer Pauly! - With all this social distancing regarding the COVID-19 virus, it’s easy to get caught up in the hype and all of the negative attention from the media and others. Although there are many ways to catch said virus during this peak cold and flu season, there are even more ways to prevent it and actually enjoy this time of "chaos" if you can.

You might not think wild animals, a virus, China, and gold would have anything to do with one another, but they do. Of course, we’re talking about the new coronavirus that originated in Wuhan, China, this past December. Now going onto March and the rest of the year, the impact is proving to extend far beyond just the price of gold..