JP Moragn now recommends 5% XAU Gold

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

  1. SilverDJ

    SilverDJ Well-Known Member

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  2. TreasureHunter

    TreasureHunter Well-Known Member

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    ^
    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! Well-Known Member Silver Stacker

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    They could be recommending an index fund as opposed to owning gold
     
  4. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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    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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