Goldman Chief That Slammed Bitcoin Says Gold Has No Role For Clients

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Months ago, Goldman Sachs made headlines across the Bitcoin community for saying cryptocurrencies are “not an asset class.” Now, the same Goldman exec that led the firm to that conclusion is also claiming that gold has “no role” in the portfolio of the wealthy. How does the investment chief’s criticisms of the precious metal stack up against crypto assets, and how could someone in such a position get things this wrong? Goldman Sachs: Precious Metals Have No Place in The Portfolio of The Wealthy At the start of the week, the expected influx of stimulus money being pumped into markets caused gold prices to surge, and Bitcoin soon followed. The precious metal has the entire investment world talking, as the asset set a new record for its all-time high traded price. Gold has been used throughout history as a safe haven asset and a store of wealth. Bitcoin and cryptocurrencies…

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