Gold

Loading up on gold this weekend to take advantage of Friday’s swoon—or at any point over the last two years—may have been premature. Read more »

North Korea had enough gold to make 20 coins. And Jim Rogers bought most of them—because he’s pretty sure North Korea won’t be making any more gold coins. Read more »

Prospective Puerto Rican John Paulson may have an unpleasant tax problem here in New York, but he’s got a bigger problem with his biggest investment. Despite his faith in and love for shiny objects, the rest of the world simply does not share his insatiable appetite for gold. Read more »

  • 21 Dec 2012 at 12:47 PM

Don’t Bury Your Ingots Before Ragnarok

Convinced the impending Western economic collapse (or today’s end of civilization) will plunge the financial centers of North America and Europe into looting, murder and anarchy? Don’t trust the impregnability of Fort Knox or the New York Fed’s basement, let alone the places you actually keep you gold? Read more »

In other GL third quarter updates, sources at Brovada say the investment team has swung from two point underdogs to 13.5 point favorites in the annual interoffice basketball game and the Greenlight baby-making machine continues to around the clock. Read more »

Dear Paulson Investors

Paulson, the billionaire hedge-fund manager seeking to reverse record losses in 2011, posted a 13 percent decline last month in his gold fund as bullion and mining stocks fell, a person briefed on the returns said today. The loss leaves the $1.2 billion fund, which can buy derivatives and other gold- related investments, down 23 percent this year. Paulson & Co., which manages about $24 billion, posted losses during May in its Advantage funds, Recovery Fund and Partners Enhanced fund. Paulson’s Credit Opportunities Fund rose 0.9 percent last month and 5.3 percent in 2012. [Bloomberg]

  • 04 May 2012 at 3:48 PM

Here’s A Thing Charlie Munger Said

“I think gold is a great thing to sew in to your garments if you’re a Jewish family in Vienna in 1939 but I think civilized people don’t buy gold.” [CNBC via BI]