With an astonishing cache of 16,000 Kilos, a certain billionaire predicts a bullish gold market. The tycoon, who preferred to remain anonymous, exclusively liaised with Bloomberg about their speculation on gold’s looming skyrocketing value.
‘Governments across the globe, through their central banks, are resorting to quantitative easing measures to resuscitate economies left reeling after the onset of several crises,’ the billionaire explained. ‘Such measures, oftentimes implicating an over-saturation of fiat money in the market, historically trigger inflation. Hence, investors flock to solid assets, primarily gold.’ The titan bases their prediction on a well-versed understanding of macroeconomic principles, and a gold market that’s proven its resilience across centuries.
The high profile investor’s endorsement of gold thus provides an encouraging perspective for gold investors everywhere. Yet, the billionaire warns about the need to infuse rigor into speculation, essentially diversifying portfolios and not singularly relying on gold. Read More
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