Wall Street firm says there is now a ‘strong case’ for gold over bonds, stocks
“Bernstein is tracking two key measures, both of which are at levels not seen since World War II: global government debt and central bank buying of gold. The former ‘creates a temptation to manufacture inflation,’ Bernstein said. The latter is a ‘trend that is likely to continue for as long as the US share of global GDP continues to decline,’ the firm said.”
USAGOLD note: Another Wall Street firm jumps aboard the gold bandwagon based on deep-seated economic trends.