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Strategist on gold: "This is not financial armageddon."
Yahoo Financeยท 2025-10-16 13:48
This is not end of times. This is not far financial Armageddon. I would say that the move in gold is diversification away from central bank holdings being predominantly in US dollar assets.Now, I know that probably worries some American investors. I hear things like interest rates are going to spike. We're not going to be able to fund our debt and deficit.The dollar is going to collapse. That's not what I mean by it. Other things would be happening if this was end of US assets, end of US talk.Yeah. Yeah. I ...