Discussion in 'Gold' started by SilverDJ, Aug 24, 2019.
So, they actually consider "XAU" currency? ...not a "barbarous relic"?
USD losing ground in front of the Euro?
CHF was a great catch during the 2008 crisis. Few Europeans made savings in the Swiss currency, then its price vs the Euro exploded during the economic crisis.
They could be recommending an index fund as opposed to owning gold
So JPM is advising their private bank clients to be bullish on Euros and Swiss Francs and bearish on Greenbacks.
It wouldn't surprise me in the least if they were advising their institutional clients to do the opposite.
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