The Motley Fool
The gold rally
Soros is betting on Barrick because he believes gold is headed higher.
What’s the scoop?
The guru is concerned that China’s economy is setting up for a hard landing, and that could provide added fuel to global deflationary pressures.
Many countries are already moving toward negative interest rates, and this tends to be positive for gold because people will opt to buy the precious metal instead of paying the bank to hold their money. Gold is always knocked for not providing any return, but no return suddenly looks pretty good when interest rates turn negative.
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This has been posted for Educational Purposes Only. Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results
This has been posted for Educational Purposes Only. Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results
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