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Billionaire Investor John Paulson Staying with Gold

(Reuters) - Billionaire investor John Paulson told investors on Wednesday he is staying the course on gold even though there may be more short-term volatility in the price of the metal.

The New York-based hedge fund manager has long stuck by his thesis that gold will someday be a powerful hedge against inflation, and it was no different on the investor call he held, two people who listened to the call said.

John Reade, a partner at Paulson & Co, said that the firm, which oversees about $18 billion, is not veering off its course even as he cautioned that there could be more price fluctuations in the short term.

Read on: http://in.reuters.com/article/2013/04/24/hedgefunds-paulson-...



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I'll guess it goes lower

pretty sure we have to test 1200..The chart is terrible but of course if your timeline is 30 years it'll be higher unless the alchemist figure it out...

Government is supposed to protect our freedom, our property, our privacy, not invade it. Ron Paul 2007