Crain’s NY: “Why gold is so hot (hint: Trump)” - DataTrek Research
12 Aug
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Crain’s NY: “Why gold is so hot (hint: Trump)”

By admin_45 in IN THE NEWS Crain’s NY: “Why gold is so hot (hint: Trump)”

Excerpt from Crain's New York Business quoting DataTrek's Nick Colas:

.... "For governments that have an axe to grind to Washington, buying gold is one way to store value without helping the U.S. government fund its $1 trillion/year deficit,” observed Nicholas Colas at DataTrek Research in a report this morning. “In fact, they likely have to sell Treasuries to fund these purchases"....

Read the full article here on Crain's NY!

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