Our Awful Situation
Gold price on course to double says top manager
The top US equity manager François Mouté, believes the gold price should be 16 times the price of a barrel of oil and on a par with the price of platinum.
Speaking at Citywire’s European Fund Selectors Forum in Zurich, Mouté (pictured above) emphasised the prospects for his holdings in gold mining companies by pointing to recent research into the historical price of gold.
‘We have seen research which suggests gold should be 16 times the price of a barrel of oil,’ the AAA-rated fund manager said.
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