Gary Dugan, the chief investment officer for the US bank, said there has been a remarkable change in sentiment.
“People are genuinely worried about what the world is going to look like in 2009. It is amazing how many clients want physical gold, not ETFs…”
“They are so worried they want a portable asset in their house. I never thought I would be getting calls from clients saying they want a box of krugerrands.”
Merrill predicted that gold would soon blast through its all time-high of $1,030 an ounce, and would hit $1,150 by June.
It Took 22 Years to Get to This Point
The head of the Canadian province of Ontario, Doug Ford, has warned that it will retaliate against...
Iowa's governor Kim Reynolds has extended that bird flu "disaster declaration" after the virus was...
President-elect, Donald Trump has announced that he will enforce tariffs on Mexico, Canada, and...
This article was originally published by Tyler Durden at ZeroHedge. While it had been reported in...
Commenting Policy:
Some comments on this web site are automatically moderated through our Spam protection systems. Please be patient if your comment isn’t immediately available. We’re not trying to censor you, the system just wants to make sure you’re not a robot posting random spam.
This website thrives because of its community. While we support lively debates and understand that people get excited, frustrated or angry at times, we ask that the conversation remain civil. Racism, to include any religious affiliation, will not be tolerated on this site, including the disparagement of people in the comments section.
Comments