Blackrock Advises Clients to Get Out of Paper Money into Gold and Equities.
In this report, from London on Saturday, September 7th, 2019 I go over a couple of articles fro analysts at the two of the biggest financial institutions in the world.
The first analysis I have spoken about in a video a few months ago and it is from JP Morgan Private Bank and in this piece the biggest U.S. bank advises its wealthier clients to start allocating their currency exposure into gold and the Chinese yuan.
Craig Cohen of JP Morgan Private Bank notes that the days of the dollar as the dominant world reserve currency are coming to an end and that the world monetary system will be more multipolar as China's economy continues to grow and became a major world economy.
The second piece of investment advice is more recent and it's from the world's biggest fund manager BalckRock. In this article Rick Rieder also advises clients, like JP Morgan, to accumulate and hold commodity currency or gold.
My conclusion is that when two of the biggest financial institutions in the current debt-based system start advising their clients to hold gold one needs to take note and act appropriately.
JPMorgan article: https://privatebank.jpmorgan.com/gl/en/insights/investing/is-the-dollar-s-exorbitant-privilege-coming-to-an-end
My video on JPM article:
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