WELCOME! Billionaires are Investing in Gold: Thomas KaplanThomas Kaplan (over $2 billion invested in gold) People view gold as emotional, but when they demythologize it, when they look at it for what it is and the opportunity it represents, theyre going to say, We really should own some of that. The question will then change to Where do we get the gold? John PaulsonJohn Paulson (over $4.6 billion invested in gold) I view gold as a currency, not a commodity. Its importance as a currency will continue to increase as the major central banks around the world continue to print money. David EinhornDavid Einhorn ($560 million net worth) Gold is the money of choice and we would like to have a meaningful amount of our assets denominated in gold. Its the biggest position in the fund... Its the one kind of money Bernanke cant print more of. Seth KlarmanSeth Klarman (over $1 billion invested in gold) There are no easy ways to navigate these turbulent waters. But because the greatest risks are of currency debasement and runaway inflation, protection against a currency collapse - such as exposure to gold - and against much higher interest rates seem like necessary hedges to maintain. Jim RogersJim Rogers (net worth of $300 million) Gold will be the great investment over the next decade. M.G. George MuthootM.G. George Muthoot (net worth $1.1 billion) If this business was as easy as it sounds, all my branch managers would be setting up their own gold loan companies. George SorosGeorge Soros (net worth of $22 billion) The U.S. dollar is very weak. Investors are moving to real assets. Eike BatistaEike Batista (net worth of $30 billion) There is a massive shifting of wealth to new economic powers. Carl IcahnCarl Icahn (net worth of $12.5 billion) The system is not working properly. Paul Tudor JonesPaul Tudor Jones (net worth of $3.3 billion) I have never been a gold bug, it is just an asset that, like everything else in life, has its time and place. And that time is now. Michael AveryMichael Avery (holds $3.3 billion of Waddell & Reed fund in gold) In 5,000 years of human history, gold has been the currency of choice, the store of value, when humans have called into question their governments efforts to solve problems by running printing presses and injecting money into the economy. Marc SternMarc Stern (holds $550 million of Bessemer Trust in gold) At the core of the sharp downturn is an absence of confidence. Rising debt levels in Europe and the U.S., uncertainty about policymakers willingness to restore fiscal order, and increasingly cautious corporate sentiment that is consistent with slowing global growth are the chief culprits. Eric MindichEric Mindich (over $800 million invested in gold) Gold is poised to complete its 11th consecutive annual gain, the longest winning streak in at least nine decades, on the brink of a bear market. Mikhail ProkhorovMikhail Prokhorov (over $6 billion invested in gold) Were looking now at what the world financial system is going to do with all this money that was printed during the financial crisis, if theres continued inflation, well see a global trend for raw materials and gold is not an exception. Im optimistic that the gold price will stay at the same price or higher. Carlos SlimCarlos Slim (worlds richest man net worth $55 billion) With the same things that were done in 2000 and 2001, when it was temporarily solved with big expenditures and very aggressive monetary and fiscal policy, aside from lowering taxes, we should be directing more money to the real economy, not to the financial economy. The volatility of the markets is so great that more is won or lost in a single day than in five years of accumulated interest. And thats not a good thing. [1] https://regalassets/a/3457 [2] potsofgold4u.ilgamos [3] https://karatbars/landing/?s=goldwealth4u karatgroupteam [4] https://facebook/groups/globalgold4u/
Posted on: Thu, 17 Jul 2014 09:11:12 +0000
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