bullish

Druckenmiller's Gold Miner Bet

238 Views07 Mar 2024 07:37
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SUMMARY
  • Stan Druckenmiller just bought shares in Barrick Gold and Newmont Mining.

  • He thinks gold serves as a store of value, but only over the long run. It’s a hedge against any devaluation of the US Dollar.

  • He also seems to think that gold prices should go up in a scenario of lower interest rates, higher inflation rates or a combination of both.

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