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Central banks have turned financial markets into ‘casinos’ – investor

Tuesday, October 4, 2016 8:53
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Unprecedented central bank monetary policies such as negative or zero rates have turned financial markets into a casino, said bond investor Bill Gross of Janus Capital. He recommends investors switch to gold and Bitcoin, if they want to keep their money.

The investor oversees $1.5 billion at Janus Capital explains gold and Bitcoin are safe havens for those who want to preserve their cash.

Negative or zero rates are dangerous in case of recession and also destroy the basic foundations of capitalism, Gross said ….


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