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-0.000586166471277934 0 -0.00937866354044549 -0.00586166471277851 -0.0128956623681127 -0.0146541617819461 -0.00937866354044549 -0.0146541617819461
Stock impact report

Why billionaire investor Thomas Kaplan isn't stressing about gold and silver's historic sell-off [Business Insider]

Novagold Resources Inc. (NG) 
NASDAQ:AMEX Investor Relations: novagold.com
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in Billionaire Thomas Kaplan shrugged off the slump in gold and silver prices as short-term volatility. Kaplan said his long-term price target for gold is in the "tens of thousands of dollars." Kaplan said that gold will keep rising because it's a "currency that can't be debased at will." Billionaire investor Thomas Kaplan says he's unfazed by the historic plunge in gold and silver prices — and expects the precious metals will rally to even greater highs. There's "every reason in the world to buy gold, and silver is just gold on steroids, up and down," Kaplan told Business Insider on Friday afternoon. Gold and silver soared to record highs last week before falling by around 10% and more than 30%, respectively, on Friday after President Donald Trump nominated Kevin Warsh as the Federal Reserve's next chairman. The news triggered profit taki Show less Read more
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