These billionaires just made massive bets on gold and airlines…”Druckenmiller Sees Gold as a “Home Run”
FRANK HOLMES, U.S. GLOBAL INVESTOR
BusinessInsider.com
Aug. 23, 2015
I always advise investors to follow the smart money, and two people high on the list are Stanley Druckenmiller and Warren Buffett.
Second-quarter regulatory filings show that Stanley Druckenmiller, the famed hedge fund manager, just placed more than $323 million of his own money into a gold ETF, at a time when sentiment toward the yellow metal is in the basement. Meanwhile, Buffett announced this week that Berkshire Hathaway is purchasing aircraft parts supplier Precision Castparts for $32 billion.
Investors should take note!
Druckenmiller Sees Gold as a “Home Run”
Druckenmiller has commented in the past that if he sees something that really excites him, he’ll bet the ranch on it.
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