Commodity Trade Mantra

Posts Tagged ‘Paul Singer’

Mega Investors Loading up on Gold - Are They Cornering the Gold Market?

China has become a debt crisis waiting to happen. Central banks in Europe have deployed negative interest rates that rapidly erode value. And in the United States wealth has been borrowed from future economic growth to feed bubbles in stocks and real estate. That’s why billionaires are rapidly rushing into their old standby, gold. It’s the only asset that can be trusted right now.

Beware! The Billionaires Start Buying Gold as Stagflation Triggers Demand

The billionaires are buying gold. George Soros has just invested in a gold producer, Barrick gold. Soros’ former chief strategist Stan Druckenmiller has stated gold is now his largest currency holding. There is billionaire hedge fund manager Paul Singer who reportedly believes gold is at the beginning of a global rebound. Stagflation is driving positive perceptions of gold.

Who’s Right About Gold? Goldman or Almost Everyone Else

Gold is headed lower, says Goldman Sachs analyst Jeff Currie, who believes that the risk off environment which contributed to gold’s outperformance at the beginning of this year is less likely to repeat in the near future. This view differs starkly from others like Stanley Druckenmiller, Paul Singer, Jim Rickards & many others who think gold could go a lot higher. What do you think?

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