Ma said annual compound returns of gold for the last 100 years have been about 1.7% a year, which is low given ETF costs or storage costs are likely to be higher.
Johnson added: "Once the coronavirus pandemic subsides, investors will likely sell off some of their gold holdings. While there are some 'gold bugs' that will cling to their gold investments, once fear subsides, the price of gold will likely fall," he added. Buying corporate debt usually reduces relative yields and lowers the opportunity cost of holding gold.
He added: "Obviously, there will be pockets of supply disruptions and demand pressures but overall, we do not see inflation a near term problem and therefore do not see a reason to rush into gold."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold and its underlying ETFs have more room to run, traders sayGold and two popular ETFs tied to the precious metal likely have more upside as uncertainty reigns on Wall Street, two traders say. TradingNation TradingNation TradingNation HenrikZeberg I guess we should just cash in our chips. CNBC says Gold only goes up! 😂
Source: CNBC - 🏆 12. / 72 Read more »
Watch Neil Young Perform 'Silver and Gold' Cuts During 'Fireside Sessions'Neil Young's fourth 'Fireside Sessions' acoustic concert features the first performance of his 1975 tune 'Through My Sails' what time does the 1975 go on
Source: RollingStone - 🏆 483. / 51 Read more »
China's Shandong Gold to buy Canadian miner TMAC Resources for almost $165 millionShandong Gold Mining , one of China's biggest gold producers, said on Friday it had entered into an agreement to acquire Toronto-listed TMAC Resources for around C$230 million ($164.89 million). Should this acquisition go through? Don’t sell China anything !!!!! Don't let them do it
Source: Reuters - 🏆 2. / 97 Read more »
Ariana Grande And Justin Bieber's 'Stuck with U' Is A Celeb Cameo Gold MineChance the Rapper, Gwyneth Paltrow, the Jenners, Jaden Smith and more.
Source: NylonMag - 🏆 697. / 51 Read more »
Channing Tatum Wins the Quarantine Fashion Challenge in Gold Lamé'What we have here is an accessibly hot celebrity who seems like he's probably a nice guy giving you 'bouncer chic' up top and a Project Runway one-day challenge judged by Will Smith as the genie from Aladdin on the bottom.' oureric writes: oureric
Source: ELLE Magazine (US) - 🏆 472. / 51 Read more »
Ted Ginn Jr. Says He'd Be An Olympic Gold Medalist If Not For NFL, I Beat Bolt!Ted Ginn Jr. tells TMZ Sports if he wasn't so damn good at football ... he'd be an Olympic track athlete with a gold medal already on his resume!!! First Facts He chose to play in the NFL....
Source: TMZ - 🏆 379. / 59 Read more »