The precious metal is the asset of choice for cushioning market shocks and navigating uncertain geopolitical times. But that’s not the only reason analysts are forecasting an ounce at $3,000 within the next year or two.
Tag: goldman sachs
Deutsche Bank’s new chief John Cryan believes end-of-year bonus demands harm the company. But bonus culture may be too deeply embedded throughout the financial sector.
SCOTLAND SAYS “NO” TO INDEPENDENCEScotland voted to stay in the United Kingdom with 55.3% of voters rejecting independence. The results from all 32 council areas show the “No” side won with 2,001,926 votes to the 1,617,989 “Yes” votes. The independence campaign did score four big successes, though, winning 53% in the largest city of Glasgow, […]
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Investing In – And From – The BRICS
In a recent interview, Goldman Sachs’ Jim O’Neill, whose pen gave birth to the concept of the BRICs —the constellation of emerging economic powers Brazil, Russia, India, and China (and now including South Africa) — said the countries’ combined growth had “exceeded all expectations.” Noted O’Neill, “in slightly over a decade the group’s GDP has […]