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Egyptian billionaire puts half his net worth into gold
short by Krishna Veera Vanamali / on Tuesday, 1 May, 2018
Egyptian billionaire Naguib Sawiris has revealed he put half of his $5.7 billion net worth into gold. Sawiris, who has large stakes in gold mining companies, said gold prices will rally to $1,800/ounce from just above $1,300 now. India and China won't stop consuming gold and "we are full of crises right now", Sawiris said justifying his bet on gold.
read more at Bloomberg