With international gold prices falling for the first time in twelve years many investors, institutional and individual, have seen a huge chunk of their wealth wiped out. We’ve already looked at John Paulson’s loss of $1 billion of his own money, and the real explanation for the shift in prices, but many more investors have seen their fortunes crumble. Here’s a look at the biggest losers from the decline in gold prices. Ron Paul: A cornerstone of libertarian rhetoric in the twenty-first century America has been the dangers of using fiat money to represent wealth. Threatening massive inflation from excessive printing…
Gold Losers: Ron Paul, Morgan Stanley, Kyle Bass And More
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.