Gerald Celente discusses the Coronavirus and the implications regarding China and the global economy. China has quarantined 40 million people in the city of Wuhan which is the place of the first outbreak.
China has the second largest economy in the world. For more than three weeks in China, the fear of spreading the virus has caused the shutdown of industry and the curtailing of travel.
Celente compares the outbreak of SARS virus epidemic in China in 2003 to the Coronavirus occurring now in China. Back in 2003 there was little global impact as China only accounted for 4.3% of the world’s economy. Now according to the IMF, China accounts for about 17% of the world’s economy and therefore may have much more impact today.
We at Eagle European Capital, LLC (EEC) consider it prudent to prepare for uncertainty. Some ways to prepare for potential disaster is to store food, water, medicine and basic essentials of life to carry you and your family for several months or more.
One of the best ways to prepare financially is to buy / own gold and silver coins & bullion. Wealth that is transportable, tangible and is not subject to a third party.
The wealthiest families in the world possess gold and silver and consider it money.
We at EEC offer a FREE CONSULTATION. So, call us today at 817-749-0080.
Click the link below to read the in depth story on the affect of the Coronavirus.
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