“The world’s super-rich are hoarding physical gold”
January 14, 2020
“Over the last year, gold prices are up nearly 20%. The yellow metal is on pace for its best year since 2010.
In a note to clients published over the weekend, analysts at Goldman Sachs outlined why the strategic case for owning gold remains strong. The firm cites political uncertainty and recession fears that are unlikely to abate as primary catalysts, among other worries among the global elite like wealth taxes and increasing talk about MMT and central bank effectiveness.
By 2020, the firm thinks the price of gold will reach $1,600 an ounce; on Monday, gold was trading near $1,460…”