We are in the middle of a gold rush that can only be compared to the good old days of mining in Alaska (and selling shovels to gold diggers of course).
Just look at the price per gold: It recently hit an all-time high of $1,900 per ounce, with several Wall Street analysts saying it could very easily reach the $2,000 price point soon.
Gold mining firms have a ton of cash flowing into them, raising $2.4 billion in second equity offering in Q2 2020. The last time any quarter saw this level of trading activity was 2013, and many gold mine CEOs are saying it’s been over 10 years since the firms have attracted such an insane amount of money.
Oh, and the indices for gold mines are up by nearly 33% in 2020 alone.
However, there is one caveat to watch out for: With the rise of legitimate gold miners comes the rise of illegal gold miners, who are believed to make up 72% of all mining activity within the Amazon in Q1 2020.
We’re talking about tens of thousands of illegal gold miners finding a way to get their hands on this precious metal through any means. Even if it involves damaging the environment which native people have spent years working tirelessly to preserve, and ultimately degrading their quality of life.
But their days may be numbered, as a growing number of investors are embracing what you would call “responsible gold mining principles”: Environmental, social, and governmental compliance. The last thing these investors want is to get their hands dirty on commodities that were acquired illegally.
We’re not recommending you do this, but it would be wise for any prudent investor to preserve any gold coins they have in possession and possibly acquire some more.
Like the old saying goes: When the stock market goes down, gold goes up as the means of “protection” against unpredictable market volatility.
What do YOU think about the accelerated rise in gold prices? Is this a good thing, or an ominous sign of a dark future? Reply to this newsletter and tell us your thoughts about the value of gold!
This Airline Will Pay for All COVID-19 Quarantine Costs and Health Expenses
The Emirates airline has always been held in high regard by the international traveling community for their exceptional flying standards and first-class service. It’s an airline for the big boys with the big bucks, to put it crudely.
However, their latest move appears to one-up its competitors: If you fly with Emirates, they will pay for all of your quarantine costs and COVID-19 health expenses. For free.
But as always, there are some details in the fine print you have to know about…
- For passengers diagnosed with COVID-19 while touring their destination, medical expenses will be covered up to €150,000 (this does NOT include the cost of COVID-19 tests)
- Quarantine-related costs up to €100 per day for 14 days will be covered at no additional charge to you
- Booking directly on the Emirates website automatically grants you coverage, no forms to fill out.
- Coverage is valid for 31 days from the moment you embark on your first flight with Emirates
- A 24-hour hotline number is always available to call if you are diagnosed with COVID-19 while traveling
And most importantly, you HAVE to fly between July 23rd and October 31st of this calendar year to be eligible for this limited-time deal.
For more details, you’ll have to visit their website and read the terms and conditions for the COVID-19 Assistance program. We also recommend reading their FAQs.
I don’t know if any other airline will do this, but I wouldn’t be surprised if other companies start offering a similar form of coverage. It’s certainly a very generous incentive for travelers to leave their homes…
Georgia Issues a New Six-Month Visa for Digital Nomads
Not the state of Georgia in the United States, but the country of the same name located in Eurasia.
Thanks to their proactive efforts in containing the coronavirus, they have only reported 1,000 total infections in their population of 3.7 million. And as a way to finally revitalize their dampened economy, they’re offering a new visa program for freelancers, digital nomads, and any self-employed individual who can work as long as they have a laptop and access to WiFi.
So here’s the deal: If sustain yourself during a 14-day quarantine upon arrival, and stay for at least six months, you will have the opportunity to live and work in Georgia. There doesn’t appear to be any disqualifying criteria for workers who are coming from countries that have been decimated by COVID-19. Exact details for qualification have yet to be announced.
What would attract any budding nomad to Georgia? Well, the low cost of living combined with the rich cultural atmosphere. Many expats say the cost of living in Georgia is equally comparable to that of Thailand, except nomads are viewed more positively and far more welcomed.
Georgia is tapping into what several countries have figured out years ago: Not only are digital nomads are a net positive for economic prosperity, but they also tend to stick around for much longer and actively interact with the community.
Delta Airlines Doesn’t Take “No” For an Answer from Anti-Maskers
It looks like Delta Airlines is doubling down on their strict policy to ban travelers who refuse to wear face masks from flying.
They’ll even go as far as to turn a plane around if multiple people refuse to wear masks WHILE flying, which is exactly what they did last Thursday.
On a flight to Atlanta from Detroit, two people refused to don a mask. Mind you, the flight itself was already delayed due to a lack of compliance with instructions from the flight attendants. So in an effort to ensure all passengers would stay safe, the pilots promptly turned the plane around and flew back to Detroit.
While several airlines have made headlines for kicking people off planes prior to departure for their refusal to comply with mandatory rules for wearing face masks, Delta is the first one to date that prematurely terminated a flight mid-air.
Airlines are NOT kidding around with face masks and they’re making this very clear in their actions. Regardless of your opinion on the utility and effectiveness of face masks, travelers will have to start wearing them – and keeping them on their face – from now on.
I don’t make the rules. The airlines do.
What do YOU think about this uprising in airlines enforcing their “face masks” rule? Is it the right thing to do, or an overstepping of their authority? Reply to this newsletter and voice your opinion!
Cruise Ships May Not Set Sail for a LONG Time…
Last week, we mentioned that the Center for Disease Control (CDC) has extended their no-sail order for cruise ships through September 30th.
Yet it appears as if this ban on sailing has become indefinite in nature. The CDC is reaching out to the public and the industry for comments via a 28-question survey that covers various aspects of cruise vacations. Some of the questions include safe disembarking procedures that minimize (if not prevent) COVID-19 transmission, mental health support during periods of isolation and quarantine, and details about other cruise ship operations.
Several industry insiders and leaders within the cruise ship sector have praised this movement, encouraging everyone they know to submit their comments before the September 21st deadline.
This survey could singlehandedly determine the fate of the cruise ship industry for the rest of 2020. They’ll either get the go-ahead to set sail on September 30th or face yet another extension of the no-sail order for an undetermined period of time.
For their sake, I sure hope the results of the survey lean heavily in their favor…
Is Japan Undergoing a SECOND Wave of Coronavirus Infections?
Even though several government officials in Japan are outright denying the possibility of a second wave of COVID-19 infections, the numbers don’t exactly agree with them.
New daily COVID-19 cases have started spiking since mid-June, reaching new highs of 900 per day in recent times. The last time the country saw a spike of daily infections was back in mid-April and the peak was ~700 daily cases.
The same trend can be observed amongst the number of patients hospitalized on a daily basis, which went from 767 on June 20th to 5,635 late last week (for context, the peak was 6,500 in early May).
The reproduction index is also spiking, coming from a low of 0.6 in mid-May to 1.8 on July 6th (compared to a peak of 2.2 on April 1st). Which means that an infected individual is most likely infected two other people, thereby transmitting the virus further.
All in all, COMPOUND daily growth of new COVID-19 cases has gone from 0.2% in June to 2.0% right now. For anybody who understands how compound growth works, this is a HUGE deal.
Even though the test positivity rate (i.e. how many individuals test positive for COVID-19) has gone from 9% in April to 4% in July, you wouldn’t be wrong in saying that Japan is undergoing a second wave of coronavirus.
In other words… Japan needs to stop being complacent and start doing the things which allowed them to flatten the curve so quickly with the first wave. Maybe, just maybe, it’s time for them to declare a national state of emergency again.