You don’t need fda approval for drugs that are already on the market. Or to be more précise, it’s a différent kind of approval, quicker since you don’t have to prove that the drug is harmless
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Even for new drugs, I think the FDA will speed up the approval as fast as possible. Especially that in the meantime we will have tens of thousands of dead in US.
It’s called fast track approval.
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Goldman says that if FED is serious about this unlimited QE and all that, we should start buying gold:
https://www.marketwatch.com/story/goldman-sachs-says-it-is-time-to-buy-gold-the-currency-of-last-resort-2020-03-24
First two comments to this article sums it up pretty good about GS’ recommendation to start buying gold now (quote):
I don’t necessarily agree with the Bitcoin comment tho (I’m still skeptical re criptos), but what do you guys think?
Nevertheless, I was actually thinking of buying some gold too, however I don’t know in what form to invest in it - gold ETFs don’t look appealing to me (I skimmed through the prospect of GLD and didn’t like what I read); to go to my UBS bank, they’ll probably charge me a fortune for it (haven’t checked tho, but it’ll probably be same like with anything else); the futures on CMX seem prohibitive for smaller players like me; I was looking also this weekend on Catawiki for physical gold coins, but their auction fees + transportation costs made it uneconomical as per my calculations… I saw that gold mining companies shares were among top gainers yesterday and today…
So, have any of you invested in gold already? What vehicle(s) to get exposure to gold would you recommend?
LE: found this very interesting article about buying gold in CH
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White House, Senate reach late-night deal on massive $2T coronavirus stimulus package
Asia so far strongly up again (Nikkei225, Kospi both 5%+)
I hold Gold via the UBS Gold ETF. I (and probably you too) have zero practical use for the raw metal. It’s a financial instrument, which means I want it to be liquid. Sell, buy and rebalance on the spot. The ETF allows for that and I did sell half of my gold on 18 March to buy stocks.
I would probably not buy right now . Wait for the covid19 dust to settle.
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You can buy some gold if you want to speculate. But why should gold be worth inherently more in 30 years than today? I understand buying some gold to keep for a doomsday scenario. I would say for a mild doomsday scenario (hyperinflation, governments violating personal freedoms) bitcoin has what you need. Physical gold makes sense for a heavy doomsday scenario (world war, no internet). Gold ETFs etc? If you want to speculate, but good luck with that. But any digital gold would be worthless during doomsday.
Because supply is limited, as opposed to unlimited supply of cash. Gold will be worth exactly the same in 30 years as it is now, but the money you use to buy it today will be worth less. Or worthless? 
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I don’t mean cash value, I mean real value, like what you can do with it. Yes, gold is limited, the number of people in the World also seems to be limited, following an S-curve. If I bought a gold bar, after 100 years it would still be just a gold bar. If I bought a piece of land and planted some apple trees, I would have a f#&%ton of apples in 100 years.
And when the crisis comes, nobody wants to buy your apples and they become temporarily worthless. It is nice to have something you can expect to hold its value for just that moment, so you can sell it and buy even more farmland when nobody else is buying.
Lol I would say people like to eat apples even during crisis, especially if there is hunger. But I already mentioned, because of human psychology, you can hold some gold just for emergency. But gold will not produce anything. In a span of 1000 years it becomes ridiculously obvious.
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You are getting your mind locked up in buy and hold way of thinking. Asset diversification makes sense when you make good use of it at the right time. You don’t even have to time it, just make up some rebalancing rules and stick to them.
Have we started climbing up again? What are you guys doing? I am disappointed my limits were set too low on Monday 
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Have you this ETF directly by UBS or in IB?
I am so angry with them (UBS) because I wanted to sell my shitty fund in December and they pushed back…it is so great to just be able to buy/sell things with some clicks and not through those ass%&*le salesmen called “financial advisors”
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Has anyone thought about buying land? That would be a nice idea. Even forest. Sooner or later they 'll get eaten by cities.
At IB, it’s a normal exchange trended fund. There’s also an alternative from ZKB. TER is slightly higher but liquidity is better (lower spreads). Both are physical gold ETFs and both prospectus claim that you can redeem your ETFs in physical gold (in multiples of 12.5kg bars :-))) ).
Smiling and reducing my margin 
In Switzerland it’s already very expensive. In Poland you could still get cheap land, but of course you have to look at long term stability etc. Why do you think land will get eaten by cities, though? The number of people will be reducing. We may have an unquenched thirst for new things, more energy and resources consumption, but I don’t know if it’s gonna be all that land-intensive.
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Yes, I have been thinking about it for long time. I see it as a value-preserving asset. I’d like to buy some forest up in the north, it is just so much hassle to find it, buy it, and most of all, maintain it.
It depends where you buy it, but I think some of it will be eaten by cities or villages. People will start to spread out a bit. I’m talking about 30-40 years though. Maybe I’m wrong, who knows. But at least you own something phisical 
It depends. You can get paid or just let someone get the wood for free if they cut it and clean afterwards