bullish
Druckenmiller's Gold Miner Bet
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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- Druckenmiller's Gold Miner Bet06 Mar 2024
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