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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Feragatname
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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
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.