Crispin Odey, one of Europe's most prominent hedge fund managers, has said governments might ban private ownership of gold if inflation runs out of control after the Covid-19 crisis.
Odey wrote:
“It is no surprise that people are buying gold.
But the authorities may attempt at some point to de-monetise gold,
making it illegal to own as a private individual.
They will only do this if they feel the need to create a stable unit of account for world trade.”
Technically gold 1764. We expect a new hold in the levels 1730-1770, followed by a new breakthrough and reaching the next resistance of 1800.
A breakthrough at these levels allows for an increase by 1839.
We will monitor the development and inform you!
Are you buying gold?
Odey wrote:
“It is no surprise that people are buying gold.
But the authorities may attempt at some point to de-monetise gold,
making it illegal to own as a private individual.
They will only do this if they feel the need to create a stable unit of account for world trade.”
Technically gold 1764. We expect a new hold in the levels 1730-1770, followed by a new breakthrough and reaching the next resistance of 1800.
A breakthrough at these levels allows for an increase by 1839.
We will monitor the development and inform you!
Are you buying gold?
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✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。