This Billionaire Has Put Half His Net Worth Into Gold
By GCRU Gold News on Wednesday, May 2 2018, 01:37 - Permalink
Some big investors see warning signs ahead for markets but are holding their positions. Egyptian billionaire Naguib Sawiris is taking action: He’s put half of his $5.7 billion net worth into gold.
He said in an interview Monday that he believes gold prices will rally further, reaching $1,800 per ounce from just above $1,300 now, while “overvalued” stock markets crash.