By Peter Krauth, Global Resources Specialist
When famed hedge-fund manager John Paulson speaks, people listen.
And it's no wonder.
Paulson made his way into the financial history books thanks to what many now call the "greatest trade ever".
Paulson & Co. shorted the subprime mortgage market before the collapse banking a $15 billion gain.
So when Paulson went big again by buying gold in 2009 and 2010, investors took notice.
At the time he said, "As an investor, I became very concerned about having my assets denominated in U.S. dollars," Paulson told his audience. "So I looked for another currency in which to denominate my assets in. I feel that gold is the best currency."
In fact, Paulson's holdings in the SPDR Gold Trust (NYSE: GLD) make his firm the biggest stakeholder in this ETF, with a position currently valued at $2.9 billion.
So that begs the question....
Is Paulson still a gold bull?
In a recent letter to investors he wrote, "By the time inflation becomes evident, gold will probably have moved, which implies that now is the time to build a position in gold."
And he's not alone.
Recent filings showed that another legendary hedge-fund investor, George Soros, has nearly doubled his stake in GLD to 85,450 shares.
But "Bond King" Bill Gross's latest words and actions may well be the most significant of all.
To continue reading, please click here....
--------------------------------------------------------------------------------------------------
David Fitzsimmons Made $7,031 In Less Than Three Months
...starting small. He just made one trade after another. All of his trades were successful. And it's not luck. Nor is it about an unusual skill. It's about harnessing the power of science to see considerable gains. On average about every 31 days. Please see how, here
Saludos
Rodrigo González Fernández
Diplomado en "Responsabilidad Social Empresarial" de la ONU
Diplomado en "Gestión del Conocimiento" de la ONU
- PUEDES LEERNOS EN FACEBOOK
CEL: 93934521
Santiago- Chile
Soliciten nuestros cursos de capacitación y consultoría en GERENCIA ADMINISTRACION PUBLICA -LIDERAZGO - GESTION DEL CONOCIMIENTO - RESPONSABILIDAD SOCIAL EMPRESARIAL – LOBBY – COACHING EMPRESARIAL-ENERGIAS RENOVABLES , asesorías a nivel nacional e internacional y están disponibles para OTEC Y OTIC en Chile
No comments:
Post a Comment