Zaranou/Dorothe20 Jun 2019 13:05
With Gold on a run at the moment currently at $1379, and some hedge fund managers saying that it will go to $1700. what does that mean for Zaranou and Dorothe.
“I think one of the best trades is going to be gold. I think that if it goes to $1,400 it’ll go to $1,700 rather quickly. It has everything going for it in a world where rates are going down in the United States. Remember, we’ve had 75 years of expanding globalization and trade, and we’ve built the machine around the belief that that was the way the world was going to be. Now, all of a sudden, it’s stopped and we’re reversing that ...So that would make one think that it’s possible that we go into a recession. It would make one think that rates in the United States will go back down to the zero-bound level, and of course in that situation, gold is gonna scream.”