Egyptian billionaire Naguib Sawiris: ‘Gold is still a very good safe haven.’

CNBC/Natasha Turak/6-15-2022

USAGOLD note: In this short video, Sawiris, who owns a very large position in gold, says the metal has done well compared to the steep declines in other investments – most notably stocks, bonds, and bitcoin. A brief review, but worth a visit. Sawiris last summer recommended a 20% to 30% allocation to gold and at one time had 50% of his assets invested in the metal.

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