Goldman Sachs Urges Investors to Buy Commodities Now — Expects Equities to Su...
Global investment bank Goldman Sachs has urged investors to buy commodities now and worry about a recession later. The firm’s analysts see commodities as “the best asset class to own during a late-cycle phase where demand remains above supply.” Meanwhile, “equities could suffer as inflation stays elevated and the Fed is more likely to surprise on the hawkish side,” Goldman noted. Goldman Sachs’ Recommendation: Buy Commodities Now Global investment bank Goldman Sachs has recommended investors buy commodities. In a note titled “Buy commodities....
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A new report from Goldman Sachs Investment Research projects that the implementation of blockchain technology could streamline the clearing and settlement of cash securities, saving capital markets $2bn in the US and $6bn globally on an annual basis. The figures are supported by breakdowns of the specific market areas where Goldman Sachs sees the technology as valuable, as it projects up to $900m could be saved in reduced personnel and $700m could be saved from IT systems improvements. The report indicated that this projection is further limited to cash securities – specifically, equities,....
A new Goldman Sachs report on digital currencies has found that while bitcoin is not a practical currency, its underlying ledger technology could hold promise. The top-of-mind report, entitled 'All About Bitcoin', appears to have been compiled recently and it is possible Goldman Sachs commissioned it following the highly publicised Mt. Gox collapse. The report outlines the basics, citing bitcoin's advantages and shortcomings, backed by statements from critics and supporters. The main difficulties facing bitcoin, according to Goldman's Dominic Wilson and Jose Ursua, include the notion that....
The CEO of global investment bank Goldman Sachs, David Solomon, sees a good chance of a U.S. recession. He stressed that the “environment heading into 2023 is one that you’ve got to be cautious and prepared for.” Goldman Sachs CEO Warns About U.S. Recession, Advises Investors to Be Cautious Goldman Sachs CEO David Solomon warned about where the U.S. economy is headed in an interview with CNBC Tuesday. He said: I think it’s a time to be cautious, and I think that if you’re running a risk-based business, it’s a time to think more cautiously about your risk....
Goldman Sachs’ global head of commodities research sees the bitcoin market becoming more mature. “The key to creating some type of stability in the market is to see an increase in the participation of institutional investors,” he detailed. Meanwhile, the price of the cryptocurrency soared on Thursday, regaining much of the losses from the beginning of the week. Goldman Sachs Sees Maturing Bitcoin Market Jeff Currie, global head of commodities research at Goldman Sachs, told CNBC this week that the bitcoin market is becoming more mature. Noting that it is “very....
On June 18, Goldman Sachs began trading Bitcoin futures through Mike Novogratz’s Galaxy Digital network, paving the way for banking institutions. Galaxy Digital announced the agreement as part of Goldman Sachs’ crypto investment strategy. Galaxy And Goldman Sachs Shake Hands Goldman Sachs has taken a step further in its efforts to assist hedge funds and […]