It’s all about inflation
John Paulson mentioned this week at the CNBC/Institutions Delivering Alpha conference in New York that “the consequences of printing money over time will be inflation, it is just difficult to predict when.”
Paulson has been one of the most bullish personas on gold as he has a big part of his wealth in gold. This is the same person who correctly called the subprime mortgage in 2006, which is 2 years before the whole mess occurred.
Today he is buying more gold at these prices and believes that if you hold a long term view, you will prosper.
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