Elliott’s Paul Singer: “In A World Of Intentionally Degraded Currencies, Gold Should Be In Everyone’s Portfolio”
by Tyler Durden
ZeroHedge.com
10/14/2015
Gold is reversing its earlier losses as retail sales weakness prompts expectations of moar easing to save the world. This among other reasons is why Elliott Management’s billionair manager Paul Singer told a conference in tel Aviv this morning that he likes gold and the precious metal “should be in every portfolio.” Noting that it has been “treated unfairly,” Singer says gold should be as much as 10% of everyone’s assets.
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