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CoinGape 2024-08-15 21:27:33

Michael Burry Ditches Gold as US CPI Hints at Fed Rate Cut

Michael Burry who famously called the 2008 financial crisis has recently decided to sell his entire position in Sprott Physical Gold Trust ($PHYS). Over the past six months, the trust recorded a 23% increase, and gold acted as a protective measure against inflation. The decision of Burry to close this position may indicate some changes The post Michael Burry Ditches Gold as US CPI Hints at Fed Rate Cut appeared first on CoinGape .

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