JP Moragn now recommends 5% XAU Gold

Discussion in 'Gold' started by SilverDJ, Aug 24, 2019.

  1. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    3,935
    Likes Received:
    1,297
    Trophy Points:
    113
    Location:
    Australia
  2. TreasureHunter

    TreasureHunter Well-Known Member

    Joined:
    Oct 29, 2012
    Messages:
    4,499
    Likes Received:
    1,182
    Trophy Points:
    113
    Location:
    Treasure Island
    ^
    So, they actually consider "XAU" currency? :D ...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.
     
  3. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    18,606
    Likes Received:
    4,392
    Trophy Points:
    113
    They could be recommending an index fund as opposed to owning gold
     
  4. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

    Joined:
    Apr 11, 2011
    Messages:
    2,619
    Likes Received:
    505
    Trophy Points:
    113
    Location:
    Nevada
    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.
     

Share This Page