Categories: General Market Commentary / Precious Metals
Topics: General Market Commentary / General Precious Metals

The Billionaires’ Club is Thirsty for Gold And Here’s Why

There is no better safe haven asset to preserve wealth with against the dangers of global “imbalances” and that is why prominent investors are taking notice of gold, said Frank Holmes, CEO of U.S. Global Investors.

Paul Tudor Jones of Tudor Investment Corp. joins the ranks of Jeffrey Gundlach of DoubleLine Capital and Ray Dalio of Bridgewater Associates in being bullish on the yellow metal.

“There is an imbalance between fiscal and monetary policies, so real interest rate issues from Europe to Japan to here, and then we have the tariff war that’s taking place. Those imbalances are going back to the 20s and 30s and so how will they unfold is unknown, so always go to gold because it’s the best form of insurance that is portable and that is liquid,” Holmes told Kitco News.