Paul Singer Still Betting on Gold

May 13, 2013 James Heinsman Hedge Fund News

Gold Still Best Value

Gold Still Best Value

Yes it’s true that in recent days gold has been losing value, but for many analysts, including Paul Singer of Elliot Management Corp, gold is still a good investment with the best store of value.

Singer is the founder and president of Elliot, which has assets under management of more than $22 billion. And he still has faith in the value of gold.

“We remain unconvinced that genuine normalization of global economic and financial conditions has been achieved,” said Singer in a recent interview. “There is only one store of value and medium of exchange that has stood the test of time as ‘real money,’ and that is gold.”

Elliot Management Corp, Gold, Paul Singer,

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