In a report this month, Goldman Sachs (GS) Asset Management Unit told its high net worth clients to dump gold. Certainly, there’s nothing wrong with that advise. The only problem is that the gold-plated investment bank also advised its “ordinary clients” that gold prices are on the rise and will print $1,300 an ounce in the next six months. A Goldman spokeswoman said that conflicting reports within the same bank aren’t unusual. “It’s not uncommon for different areas of the firm to have different investment perspectives,” she told the The Post.
July 27, 2009 Ockham Research
October 6, 2010 WSP
April 28, 2010 Eric Falkenstein