Hedge funds slash bullish wagers on gold over Trump election win
Hedge funds and other large speculators boosted net-long positions by 11% to 197,362 as of Nov. 12, the lowest in 14 weeks.
An ad from a 1973 issue of Barron’s provides clear proof that feverish concerns about imminent economic collapse and a concomitant enthusiasm for precious metals has long been a theme amongst modern investors.
Hat tip to Business Insider
Comments
directorblue
Considering that the CAGR of gold in US$ since 1973 is roughly 17%, who’s to say the ad wasn’t right?