Contact us
CALL US NOW 1-888-GOLD-160
(1-888-465-3160)

Another Billionaire Investor Says Buy Gold (Video)

  by    0   1

Another billionaire investor likes gold.

During an interview on Bloomberg TV, Paul Tudor Jones didn’t mince any words when asked about his view on the markets.

I think one of the best trades is going to be gold.”

Tudor joins several other prominent investors who have declared their love for the yellow metal in recent weeks. Last month,  Thomas Kaplan said he sees the possibility of $5,000 in the future. Earlier in May, SEC filings showed that Ray Dalio has increased his position in gold. During the Sohn Investment Conference, Jeff Gundlach said, “I love gold. I have owned gold since it was trading at $300.” And David Einhorn, founder of Greenlight Capital told Kitco News, “I hold gold, and I am never going to get rid of it. I hope that I never have to use it.

Jones said he sees the possibility of $1,700 gold in the near future.

If I had to pick my favorite [trade] for the next 12 to 24 months it would probably be gold. I think if it goes to $1,400, I think it goes to $1,700 rather quickly. It has everything going for it in a world of rates that are conceivably going down in the United States and going to zero.”

Jones expressed concern about the ongoing trade war and its impact on the global economy. He said it’s hard to project just how much damage it will do.

That would make one think that it’s possible that we go into a recession. It would make one think that rates in the United State go back towards the zero-bound level, and of course, in that situation, gold is going to scream.”

Jones founded Tudor Investment Corporation in 1980. In February 2017, Forbes estimated his net worth at $4.7 billion, ranking him 120th on Forbes 400 richest people.

Download SchiffGold's Gold vs GLD EFT's Guide Today

Get Peter Schiff’s most important Gold headlines once per week – click here – for a free subscription to his exclusive weekly email updates.
Interested in learning how to buy gold and buy silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!


Related Posts

Peter Schiff: Gold Is Your Only Alternative

Which will outperform in 2020? Gold? Or Equities? Peter Schiff joined a moderated debate on the subject at the Orlando Money Show. Peter teamed up with Rick Rule to argue for gold, against Louis Navellier and Jeffrey Saut, who contend the stock market is still the place to be. Mark Skousen moderated the debate.

READ MORE →

Peter Schiff: Nobody Should Be Taking Credit for the US Economy

Last week, Peter Schiff gave a speech at the Orlando Money Show and made the case that all the hype about the greatest economy in history is just that – hype. Nobody should be taking credit for the economy. We should be asking who is to blame.

READ MORE →

Peter Schiff on the Ultimate Gold Panel

During the Vancouver Resource Investment Conference, Peter Schiff joined Frank Holmes (US Global), Rick Rule (Sprott US), and Grant Williams (Vulpes Investment Management) on the “Ultimate Gold Panel. Daniela Cambone moderated the discussion. Gold charted its best year since 2010 last year. The price increased by 18.4% in dollar terms. The yellow metal also reached record highs […]

READ MORE →

Rick Rule: Gold Is Insurance and You Want to Have Insurance

Rick Rule talked with David Lin of Kitco News at the Vancouver Resource Investment Conference. Rule is the senior managing director at Sprott Inc., and he’s bullish on gold. During this discussion, Rule explains why, touching on a range of subjects including the Federal Reserve, the trade war, the US dollar, the bond market and […]

READ MORE →

The Bubble (Video)

Everybody knows that the 2008 financial crisis was caused by “deregulation” and “greed,” right? Except that it wasn’t. A film titled The Bubble offers a non-partisan, critical examination of the policies and events that led to the biggest crash since World War II. Produced by Jimmy Morrison and co-written by Tom Woods, the film features […]

READ MORE →

Comments are closed.

Call Now