Loading ...May 16 – Bloomberg (Jack Farchy, Nishant Kumar and Ranjeetha Pakiam): “Forget plunging oil prices and a collapse in consumer spending. Some of the world’s most-prominent investors are raising alarm bells over the looming threat of inflation, and turning to gold for protection. Money printing by central banks and vast state stimulus packages are rekindling interest in one of the oldest stores of wealth. It’s a revival of a trade that became popular in the wake of the 2008 crisis… Yet the unprecedented scale of the government response to the coronavirus crisis is feeding the argument that this time will be different. Hedge fund luminaries including Paul Singer, David Einhorn, and Crispin Odey are among those bullish on gold… So are large asset managers like Blackrock Inc. and Newton Investment Management.
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