
Safe Haven | Gold: This Time Is Different?
Whatever nominal hikes (or the mere threat) do to gold prices short-term, however, strong returns to bank savers remain a long way off, as Ben Bernanke announced in his “Blame regulation, not low rates” speech at the turn of this year. … Yet while cash-strapped households sell their jewelry as scrap, hedge funds led by Paul Tudor Jones and John Paulson are only now building their positions. And the bull market in bonds, meantime – gold’s nemesis last time around, …
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