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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


A major global company warns ... Beware and keep the gold!

rocky
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A major global company warns ... Beware and keep the gold! Empty A major global company warns ... Beware and keep the gold!

Post by rocky Thu 11 Mar 2021, 6:48 am


A major global company warns ... Beware and keep the gold!

15:18 - 11/03/2021


A major global company warns ... Beware and keep the gold! %D8%B0%D9%87%D8%A8-696x435
Information / follow-up.
Global money management company BlackRock has just issued a double warning about the advantages of holding gold - the traditional haven right now.
Ross Questrich, a portfolio manager at BlackRock's global appropriation fund, said bullion has proven to be a less effective hedge against moves in other assets, such as stocks, as well as inflation. Moreover, gold is facing headwinds should the global economic recovery accelerate.
Questrich said that gold is “failing as a hedge against equity,” indicating that its positive correlation with risky assets was stronger compared to technology stocks. He added: “Gold's ability to hedge inflation has been somewhat overstated. While it is a reasonable store of value in the very long term - think centuries - it is less reliable across most investment horizons, ”according to Bloomberg.
Bullion lost ground in 2021 as the recovery from the pandemic gained more momentum and increased Treasury yields, although the safe haven partially returned this week.
BlackRock believes that gold is not currently performing well as a hedge against equity moves or inflation risks, although it has been effective against the dollar.
"In the absence of a strong view of the dollar's decline, I will have less gold," Questrich wrote, indicating that the precious metal still shows a strong inverse relationship with the US currency. And for those investors still looking to hedge, I am addressing one word: cash.
Spot gold was trading at $ 1734.57 an ounce at 7:19 am in London, down more than 8% this year, while the US currency index rose about 2%.
As leading economies seek to boost recovery from the pandemic, Joe Biden's $ 1.9 trillion relief bill to tackle Covid-19 removed the last congressional hurdle on Wednesday, with the House of Representatives passing the bill by a vote of 220-211.
"More stimulation and better distribution of the vaccine indicate the potential for an economic boom," he wrote. If this happens, real rates are likely to continue to rise from levels that are still historically low. As was the case last month, this is likely a headwind for gold.
The decline in bullion this year was accompanied by a continuous decline in gold-backed ETF holdings, while banks lowered price targets after the asset hit a record high in 2020. Global ETF volumes fell to their lowest levels since June, losing around 150 Tons so far in 2021. End / 25 o'clock

    Current date/time is Fri 03 Dec 2021, 5:20 pm