| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
FSN: Paulson Says He’s Staying the Course on Gold
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Svea Herbst-Bayliss
Reuters.com
(Reuters) – Billionaire investor John Paulson told investors on Wednesday he is staying the course on gold even though there may be more short-term volatility in the price of the metal.
The New York-based hedge fund manager has long stuck by his thesis that gold will someday be a powerful hedge against inflation, and it was no different on the investor call he held, two people who listened to the call said.
John Reade, a partner at Paulson & Co, said that the firm, which oversees about $18 billion, is not veering off its course even as he cautioned that there could be more price fluctuations in the short term.
A spokesman for Paulson did not immediately return a call seeking comment.
Continue Reading at Reuters.com…
2013-04-26 10:45:19
Source: http://silveristhenew.com/2013/04/26/paulson-says-hes-staying-the-course-on-gold/
Source:
