by Egon von Greyerz
Everything the world’s most successful hedge fund manager has touched in the last couple of years has turned to gold. Now he is also investing in gold. This will be the first of many fund purchases of undervalued gold shares.
Paulson said in a recent interview:
John Paulson: We believe one of the asset classes to benefit from the very expansive fiscal and monetary policies in the U.S. and other countries will be gold. The rapid expansion of U.S. sovereign debt and monetary supply may lead to diminished confidence in the U.S. dollar as a reserve currency.
As investors lose confidence in the U.S. dollar and other paper currencies, gold
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