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Skol

33,126 Posts.

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29/02/20

09:03

Post #: 43230172
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Originally posted by gougoodthing: ↑

Gold Price to $1700/oz This Week & $2000/oz In 12 Months?
February 25, 2020
Professional money managers are now hedging their risks with gold. Here’s why…

by Jason Burack of Wall St For Main St

The main demand driver for gold prices lately seems to be professional money managers instead of from China as the Chinese economy is basically on lock down still.

More professional money managers who hate gold or never owned it are now realizing problems about the Chinese economy and the global supply chain and are now hedging the risks with traditional safe haven plays like: US Dollars, US Treasuries and gold.

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Yep, gold 'expert' Jason Burack sure knows what he's talking about......

Last edited by Skol: 29/02/20
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