Date: December 9, 2020
The impact of the COVID- 19 pandemic have touched areas beyond the spread of the disease itself. Michael Curran, Mining Analyst at Beacon Securities, shares his thoughts on what the economy will look like post-COVID.
Curran believes that it's going to take multiple years for economies get back on track. "I think that bodes well for gold and silver, the precious metals," he states. Curran also thinks that at some point we'll see that interest level switch to base metals as we see recoveries post vaccinations for COVID.
Further, a lot of the initial spending post COVID will be for infrastructure spending. "That will help things like copper, maybe a little bit nickel, but some of the other base metals commodities," says Curran.