Legendary investor Paul Singer sings more gold: gold remains the best tool for risk diversification

Well-known hedge fund manager, legendary investor Paul Singer, said that holding gold is still the best way to diversify investment under the risk of re-pricing of US stock fabrics.

The legendary investor said in a letter to investors last week that it is a good time to reserve "dry powder" (such as liquid assets, such as cash), because once Trump's stimulus grows The agenda cannot be successfully implemented. “The gates of hell will open.” As the “artificial crutches” of current risk assets are pulled away, the recession will gradually gradually approach.

He also said:

He still holds gold and says gold is still the best way to hedge against potential risks.

Paul Singer-managed hedge fund Elliott Management is close to $33 billion, and in the most recent month he raised $5 billion, the largest financing since the hedge fund was founded.

Paul Singer said he has prepared these "dry gunpowder" for potential market downturns.

The price of gold has risen by about 10% so far this year. Since May, the dollar has weakened again and boosted the price of gold.

Last week, the gold 50-day moving average broke the 200-day moving average and the “Golden Fork Signal” appeared. The price of gold reached a new high of $1,270.

(Editor: Fang Fengjiao HF055)

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