Posted 3/27/2024, 8:09:54 PM
BlackRock's Fink: Gold Hoarding Hinders Capital Market Growth, Invest in Stocks Instead
- Fink says gold investors hurt capital market development
- He believes people should invest in stocks over gold to spur economic growth
- Fink claims gold just sits in a safe and doesn't drive multiplier effects like stocks
- He points out India's fondness for gold has led to poor returns vs Indian equities
- Fink argues countries need robust capital markets, not gold hoarding, to grow economies