Goldam Sachs Group Inc. G.S. -1.55% No. Third-quarter profits nearly doubled, with the latest confirmation that Wall Street could still make money despite the epidemic and recession. Goldman posted a quarterly profit of. 62.6 billion, or 6 9.68 billion, on earnings of .7 78.7862 billion. Both measures were better than …
Read More »Gold has no role in wealth client portfolio, says Goldman’s manager
Do not believe the exaggeration. That’s the message from Sharmin Mossavar-Rahmani, director of private wealth management investments at Goldman Sachs, who thinks gold is too expensive and doesn’t have a clear role in the portfolios of his private clients. Our view is that gold is only appropriate if you have …
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