Smart Investors will Run With The Gold Bulls (As long as the cost of borrowing money is zero)
As long as the cost of borrowing money is zero, gold will continue to strengthen and the dollar will continue to weaken. Gold is going into strong hands like hedge funds managed by John Paulson, Paul Tudor Jones, David Einhorn, Eric Mindich, David Hayman--the cream of the crop. Public institutions like central banks in India and China are big buyers too. Momentum on gold is building now, as latecomers climb on the bandwagon. We're seeing demand for gold all over the world. Pension funds allocate about 5% as protection against the weakening dollar. Chinese citizens are encouraged by their government...
Original Article: Forum: News/Activism
Tags: Amp, Bandwagon, Banks In India, Borrowing Money, Central Banks, Chinese Citizens, Cost Of Borrowing, Cream Of The Crop, David Einhorn, Eric Mindich, Gold Bulls, Hedge funds, John Paulson, Momentum, Paul Tudor Jones, pension funds, Public Institutions, Smart Investors, Strong Hands, Weakening Dollar