Friday, June 6, 2014

Ecuador to Goldman Sachs: We win, you lose

The title of this article is misleading.  I disagree with Ecuador on their gold swap with Goldman Sachs.  Ecuador is betting that gold prices will decline by 2017.  They will lose big because gold prices will have soared by then, in my opinion.

Besides, plenty of clients have lost big when swapping assets with Goldman Sachs.  This deal will be no different.

No comments:

Post a Comment