By CCN: Wells Fargo’s name is synonymous with gold. Henry Wells and William Fargo launched the bank in the Wild West during the California Gold Rush, supporting both the investment in and delivery of the precious metal via its famous stagecoach. The U.S. has come a long way since the stagecoach, and bitcoin is now encroaching on gold’s store-of-value territory. Shockingly, Wells Fargo Head of Real Asset Strategy John LaForge no longer believes the precious metal is the one to own, telling Kitco: “Stocks, in the last few weeks have hit, and you see the days when stocks really get
The post Wells Fargo Strategist Throws Shade on Gold While Bitcoin Outshines All appeared first on CCN
Read the original post: Wells Fargo Strategist Throws Shade on Gold While Bitcoin Outshines All
