RE:Goldman Sachs view on goldfordster wrote: https://www.kitco.com/news/2021-07-06/Goldman-Sachs-say-gold-is-not-the-optimal-store-of-value.html Theyre correct statistically.I believe in gold as the ultimate safe haven as I have no long term confidence in our markets Zorg, is this article consistent with your thoughts?
In this article, Goldman recommends against gold, oil, commodities and cryptocurrencies as stores of value. Interestingly, the article does not recommend ANY asset class that WOULD be a good store of value. My reaction to the article is that Goldman is probably loading up on all of the assets that the article is advising against. That's how Goldman works and I generally use their advice as a contrary indicator.