“Billionaire hedge fund manager John Paulson, one of the world’s most influential gold investors, said on Friday that the metal is now at an appropriate price level, following last week’s rout that dragged prices to five-year lows. Paulson, in his first public comments since the recent price crash, said his firm, Paulson & Co. Inc., has retained a 10 million share stake, now worth about $1 billion, in SPDR Gold Trust, which tracks the price of gold. More than $500 million of gold futures were dumped in last week’s sudden selloff. Paulson’s view on gold has been closely followed ever since he earned roughly $5 billion on a bet on the metal in 2010.”
http://www.reuters.com/article/2015/07/31/us-hedgefunds-paulson-gold-idUSKCN0Q52LL20150731
http://www.reuters.com/article/2015/07/31/us-hedgefunds-paulson-gold-idUSKCN0Q52LL20150731
Tip Freedomwat.ch Staff with Bitcoin