The Kobeissi Letter
The Kobeissi Letter|Mar 29, 2025 23:54
Institutional capital is pouring into gold: In a recent Bank of America survey, 58% of fund managers said gold performs best in a trade war. This compares to just 9% for 30-year Treasury Bonds and 3% for Bitcoin. Throw in the US deficit spending crisis and gold quickly becomes the only global safe haven asset. It's truly a historic time in the market.
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