3.27.20 - Gold prices stablilize, on track for biggest weekly rise in more than 11 years. Stocks tumble as U.S. tops China in the number of coronavirus cases. Gold last traded at $1,622 an ounce. Silver at $14.53 an ounce.

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By Craig R. Smith, Chairman, Swiss America-Forty years ago gold prices spiked up over eight-fold – from $100/oz. in January 1977 to $850/oz. in January 1980. (A 1980 gold price of $850/oz. would equate to an inflation-adjusted gold price of $2,574/oz. today).