I Believe Gold and Silver Are Just Getting Started

Last week I flew commercial for the first time since early March, on a nonstop Delta flight between San Antonio and Salt Lake City. My destination was the beautiful ski resort town of Park City, Utah, to attend the Oxford Club’s 2020 Private Wealth Seminar, where I spoke on quant investing in the age of COVID-19. Among the other speakers were well-known Oxford strategists Alex Green and Marc Lichtenfeld, both pictured above.

record fed balance sheet

I'd like to talk a little about the actual flight to and from the seminar. Again, it was my first time on a place since March, when I flew to Toronto to attend the Prospectors & Developers Association of Canada (PDAC) Convention.

The experience was excellent, and the jet was spotless. Before every flight, the cabin is fogged with disinfectant before a cleaning crew comes in to spray and wipe every surface. Masks were required, as they are on all of the 25 leading global carriers (except for Australia’s Qantas), according to research by travel advisory firms CarTrawler and IdeaWorks.

I understand that many of you reading this may be hesitant to board a plane right now. But it’s important to keep in mind that it’s in carriers’ best interest to maintain a safe environment for passengers and crew alike.

summary of confidence building measures brelated to the pandemic
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Delta is using its clean cabins to help boost customers’ confidence as it seeks to reduce the cash it burns to zero by the end of 2020.

In a memo to employees this week, CEO Ed Bastian wrote that travelers are “switching their loyalty to Delta because of the safety practices we have in place, and the care we take to ensure cleanliness and comfort.”

Meanwhile, United Airlines announced that it would begin cleaning its flight desks using ultraviolent lights.

The global race to develop a reliable coronavirus vaccine is accelerating, with Russia potentially the first to administer one as soon as this October. In the meantime, people are cautiously returning to the skies.

The number of commercial air passengers on U.S. carriers rose to a post-pandemic high of just under 800,000 on August 2, according to the Transportation Security Administration (TSA). That’s a ninefold increase in passenger volume from the low set on April 14, when screenings totaled only 87,500. A year earlier, the number stood at 2.7 million passengers per day, so we still have a long way to go.