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The case for gold revisited

Oct 19, 2023

Crescat Capital published the below graph summarizing the current bull case for gold and explaining why we could be currently at the beginning of the third gold cycle since the 70s. While we do not like the fact that gold does not produce any cash flows and remuneration for its owners, we admit that the case presented makes a lot of sense to us especially at a moment of increased geopolitical risk.

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