Tuesday, October 27, 2020

Tag: PIMCO: “Currency Cold War” May See Gold Soar Higher

PIMCO: “Currency Cold War” May See Gold Soar Higher

by Mark O’Byrne, GoldCore:

One of the most well informed investment analysts in the business, Joachim Fels, has warned that we are in a “currency cold war” which may see gold soar much higher.

Fels is the global economic adviser at Pimco – the Californian bond asset management behemoth which has $1.76 trillion in assets under management.

Yesterday he made an astute and insightful comment regarding the current state of play between the global super powers on CNBC’s Squawk Bob :