“With interest rates rising, gold doesn't pay an interest rate, but every other currency - it becomes not only less important to hold gold as an alternative, but more expensive to hold it as an insurance policy and so that will be a burden on the price of gold.”

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Originally said in English.

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About Lloyd Blankfein

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"With interest rates rising, gold doesn't pay an interest rate, but ev…" — Lloyd Blankfein | Daily Quotes