The Street/Kim Iskyan/7-11-2016
‘Why are so many big-name investors flocking to gold? As Druckenmiller said about his own large stake in the SPDR Gold Trust, it’s because of the absurd notion of negative interest rates.'”
MK note: When you go through the list of gold owners mentioned in this article, you realize it is a group of strong-handed investors unlikely to unload their positions unless something significant happens to change the current trends. The last time around, we should recall, many of the ETF owners sold their metal and, for the most part, it was transported to China. This time around is likely to be a different story. . . . .
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