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ZeroHedge-Bloomberg/Edde van der Walt/7-13-2020
“Even forgiving that failure, it’s a blunt instrument compared with other forms of portfolio insurance. Yet the price of gold has been chased to eight-year highs above $1,800/oz. Investors in exchange-traded funds built a stockpile large enough to supply global gold demand for three quarters of a year. And luminaries including Paul Singer, David Einhorn, and Crispin Odey have told backers they’re bullish.”
USAGOLD note: We referenced this report in the DMR earlier today and repost it here for those who may have missed it.