Interesting! Billionaire invests half of his fortune in gold
Here the translated text:
The Egyptian billionaire Naguib Sawiris has told the intelligence service Bloomberg why he has now put half of his fortune into gold.
The assets of Naguib Sawiris are estimated at 5.7 billion US dollars. And half of that wealth, the Egyptian billionaire has said, now invested in gold. He is one of the world's largest investors in gold mining, the businessman explains in an interview with the news service Bloomberg.
He believes the price of gold will rise and reach as much as $ 1,800 an ounce. He does not name a concrete time horizon. China will not stop consuming gold, he explains. He sees the stock markets before the crash. Investors would turn to gold in crises. And Sawiris sees crises everywhere: "Look at the Middle East and the rest of the world and Mr. Trump does not make it any better." More in the following video.
Original Link with Video
https://www.goldreporter.de/milliardaer-investiert-die-haelfte-seines-vermoegens-in-gold/gold/74213/
Interesting! Billionaire invests half of his fortune in gold...
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