“Buy Gold” As “Insurance Is Warranted” – Deutsche Bank

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Buy gold as "insurance is warranted", Deutsche Bank have advised in a note issued today.

The embattled German bank has said that rising economic risks and market turmoil mean investors should buy gold for insurance.


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"There are rising stresses in the global financial system; in particular the rising risk of a U.S. corporate default cycle and the risk of a sharp one-off renminbi devaluation due to the sharp increase in China's capital outflows," Deutsche Bank added." Buying some gold as 'insurance' is warranted," as reported by CNBC.