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Billionaire Singer Says Gold Is “Under Owned” and “Only Real Money” - Mark O'Byrne - gold.ie

Good comment!!
Most US "dollars" are in fact the result of derivatives and leveraging. Unfortunately for the dollar - and other currencies - the era of deleveraging may be just beginning. The result could be a severe contraction of liquidity worldwide.

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Début de l'article :“In a world where the value of paper money is affirmatively aimed at being degraded by central bank policy, it’s kind of surprising to me that gold can’t catch a bid,” the billionaire and member of Bloomberg Markets 50 Most Influential said at the SOHN Investment Conference in Tel Aviv yesterday. Paul Singer, billionaire and chief executive officer of Elliott Management Corp. (Photographer: Chris Ratcliffe/Bloomberg)As reported by Bloomberg, Singer took aim at monetary policy makers for a stagge... Lire la suite

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