SMM News: Frank Holmes, chief executive of U.S. Global Investors), said on Monday that there was no better safe haven than gold to guard against the risk of global "imbalances." This is why many well-known investors are beginning to pay attention to gold.
Tudor Investment Company (Tudor Investment Corp.) Paul Tudor Jones joined DoubleLine Capital's chief investment officer, new bond king Geoffrey Gunrak (Jeffrey Gundlach), and hedge fund giant bridgewater fund Ray Dalio as bullish gold.
"there is an imbalance between fiscal and monetary policy, and there is a real interest rate problem, from Europe to Japan to the United States," he said. These imbalances date back to the 1920s and 1930s, and it is not clear how they will develop, so be sure to buy gold, because gold is the best form of insurance, both portable and liquid. "
Holmes added that the recent rise in gold is not just about speculation. "this is the entry of long-term capital into the market. I believe [these investors] are trying to discuss a form of currency insurance that they consider necessary and prudent. This is not a 100 per cent bet, nor is it a leveraged bet, but my idea is,'I'd better hold such assets because of the imbalance between global monetary and fiscal policy,'"he said.