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Soros, Druckenmiller and Rothschild issue economic warnings favoring gold

Soros, Druckenmiller and Rothschild issue economic warnings favoring gold

By Filip Karinja:

Legendary investor and billionaire George Soros is one of the members of the upper echelon moving his investments into gold by acquiring a $264 million stake in bullion producer Barrick Gold.

The former hedge fund manager believes a hard landing in China is inevitable, adding that such a slump would worsen global deflationary pressures.

Fellow billionaire investor Stanley Druckenmiller, is also bullish on gold and sees it as the obvious investment in response to central banks around the world moving interest rates into negative territory, labelling the monetary policy as ‘absurd’.

Member of the most powerful banking dynasty known to man, that largely built its wealth on gold, Lord Jacob Rothschild penned an op-ed Reiterating the message of his billionaire comrades above.

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