Pension funds allocate 5% into gold

Pension funds were never fond of gold. Only a mere US$16 billion (1,81% of $US900 billion) is invested by pension funds in gold and silver. In other words, 0,032% of all pension assets are invested in precious metals.

But lately, we see some pension funds starting to allocate 5% into gold. We know that 21% of global assets are pension funds, so 5% of 21% is 1%. If gold allocation increases 1%, this would double the global allocation in gold and will more than double the gold price as demand doubles.
This is because the formula of market capitalization is exponential.

Formula: C = (A+B)^2 / A^2

Where: 

A = initial market cap

B = net inflow of money

C = price multiplication

U.S. Budget Deficit Tops 5 trillion

The U.S. has been spending like no tomorrow in Q2 2020.

The deficit to outlay ratio has ballooned to 60%. This above the threshold of 40% which means we are going to see hyperinflation in the U.S. for more info read this.

Portnoy sells bitcoin

Davey Day Trader at the Closing Bell - August 21, 2020 https://t.co/TDgMHyA9Ym

— Dave Portnoy (@stoolpresidente) August 21, 2020

Small Businesses Not Reopening

At Tracktherecovery.org you can find interesting data on small businesses.