Paul Singer’s Elliott Management gained 3.1 percent in the last quarter. Like other conservative minded investors, Singer is not concerned that his returns lagged the performance of equity markets over the same period. Singer talks about his surprise at the recent fall in gold prices. He admits that it is logical to assume that gold will lose its worth if the economic picture stabilizes, however at a time when the economy will simply not be able to take any more money-printing, holding gold will return in a big way. He says that gold may not fit into the definition of safe-haven any…
Paul Singer On Gold's Irreplaceability And Euro's Dark Future
HFA Staff
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