Warren Buffett's gold bet 'made it safe' to own metal: Thomas Kaplan - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Warren Buffett's gold bet has 'made it safe' to buy the metal, billionaire investor Thomas Kaplan says

US Investing Championship hopeful Evan Buenger raked in a 131.9% return through August. He shares the distinct spin he's putting on a classic trading strategy that's led to his outsize returns

Some are seeking to diversify their portfolios, find a haven in rocky markets, and hedge against a weaker dollar, inflation due to government spending, or deflation due to a global economic slowdown, he said. Others want to escape cash and bonds in the face of rock-bottom interest rates, cut their exposure to corporate bankruptcies and loan defaults, and tap into robust emerging-market demand, he continued.

Supply drivers also support higher prices, Kaplan said. Falling ore grades and yields, fewer explorers striking gold, rising production costs, shrinking inventories, and jurisdictional risks are creating a "perfect storm in gold."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The Fed's money printing has only just begun. There is plenty of debasement for the US dollar left to go, putting a further shine on gold.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

TikTok employees describe life inside the company as its future hangs in the balance - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 'On Sunday, September 27, the US courts issued an injunction preventing the implementation of the Executive Order'
Source: BusinessInsider - 🏆 729. / 51 Read more »

US trading firm reportedly owns 15% of TikTok-owner Bytedance - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock trading: Legend Ed Seykota shares strategy that made $15 million - Business InsiderLegendary trader Ed Seykota took a $5,000 client account and turned it into $15 million in 16 years. He shares the 5 trading rules that contributed to his gargantuan returns and continuing success. Good Hmm PAY WALL!!!
Source: BusinessInsider - 🏆 729. / 51 Read more »

Splashforce founder made $700,000 in sales from bot with no training - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

How a YouTube creator makes $1,000 each month from thrifting videos - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »