CNBC/Yun Li/11-12-2019
“Fifty-five percent of more than 3,400 high net worth investors surveyed by UBS expect a significant drop in the markets at some point in 2020. Amid intensifying geopolitical risks, the super rich have increased their cash holding to 25% of their average assets, the survey showed.
USAGOLD note: We have alluded a few times to reports of significant capital movement into money market funds over the past few weeks and the latest issue of News & Views we show the correlation between MZM money supply growth and the price of gold with a comment. In the post immediately below Mark Mobius raises the issue as well.
