Jim Sinclair’s Commentary
Friendship – it sure beats the alternative.
CIGA Ed’s Commentary
Anonymous? What’s he afraid of, getting kicked out of the club?
Hedge Fund Guru Sees Gold Price Soarin
By Jonathan Buck
January 26, 2012, 1:15 PM ET
DAVOS, Switzerland—In the current uncertain environment, one hedge fund guru is in no doubt where investors should put their money – gold.
The fund manager, who wishes to remain anonymous, was unequivocal in his belief and was bullish on the longer-term outlook for the value of the precious metal: “Thousands of dollars per ounce,” he says. “Thousands.”
By the end of 2012, he sees the price of gold at between $2,000 and $3,000 per ounce. Even the bottom end of that range would represent a handsome gain. On the New York Mercantile Exchange Thursday, gold was trading at $1,726.10 per ounce.
“Gold is at the intersection of money trends,” says the hedge fund boss. “The only non-fake money is gold.”
The investor says there are lots of ways to get low-risk exposure to gold if there is a sustained loss of confidence.
