Hedge fund icon Paul Tudor Jones has turned bullish on gold, based on concern of rising inflation and expectations of strong demand from central banks and exchange traded funds.
“I have never been a gold bug,” Jones, head of Tudor Investment, wrote in a letter to investors obtained by Bloomberg.
“It is just an asset that, like everything else in life, has its time and place. And now is that time.”
Jones is joined in his bullishness toward gold by two other hedge fund heavies, John Paulson and David Einhorn. The precious metal has risen to record highs above $1,070 an ounce in recent days. (more)
No comments:
Post a Comment