‘Tables turned’: Investors who dismissed gold as ‘useless pet rock’ now see it as asset during coronavirus crisis – Max Keiser ...United Arab Emirates

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‘Tables turned’: Investors who dismissed gold as ‘useless pet rock’ now see it as asset during coronavirus crisis – Max Keiser
It is “ironic” that gold, once dismissed as a useless liability by many top economists and investors, is “now considered an asset” as its price surges amid the Covid-19 crisis, former Wall Street stockbroker Max Keiser told RT. Bank of America analysts said Wednesday that the precious metal could hit $3,000 per ounce in 18 months as economic outputs contract sharply. With fiat currencies coming under pressure, “investors will aim for gold,” the bank said, in a report titled “The Fed can’t print gold.” For years, high-profile bankers and investors insisted that “uncollateralized, paper fiat money is great because you can print trillions

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