{"id":149545,"date":"2015-10-25T19:08:25","date_gmt":"2015-10-25T19:08:25","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=149545"},"modified":"2015-10-25T19:08:25","modified_gmt":"2015-10-25T19:08:25","slug":"heres-what-15-bullion-billionaires-have-to-say-about-gold","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=149545","title":{"rendered":"Here\u2019s What 15 Bullion Billionaires Have To Say About Gold"},"content":{"rendered":"

\"munknee\"<\/a><\/strong><\/p>\n

October 25, 2015<\/p>\n

Learn from the following 15 bullion billionaires regarding wealth\"Multiple-forms-of-gold-bullion\"diversification and purchasing power preservation via gold investment.<\/strong><\/p>\n

The commentary above & below consists of edited excerpts from an article*\u00a0by Vronsky (gold-eagle.com)<\/strong><\/div>\n

The\u00a0following 15 investment gurus are eminently among the wealthiest men worldwide and, although their vast wealth was not built primarily from gold investing, all use gold as the perfect store of value with a view to preserve purchasing power vis-\u00e0-vis the relentless loss of value of all fiat currencies.<\/p>\n

Here are the BULLION BILLIONAIRES WHO LIKE GOLD\u2026and a sample of their erudite wisdom<\/strong><\/p>\n

\"\"Carlos Slim<\/strong>\u00a0Helu\u00a0<\/strong>(world\u2019s 2cd richest man net worth of $73 billion) Mexican Carlos Slim\u2019s Minera Frisco agreed in 2012 to purchase several operating gold mines in Mexico from AuRico Gold Inc. for $750 million.<\/p>\n

\u00a0\"\"George Soros<\/strong>\u00a0(net worth of $23 billion)<\/p>\n

\u201cThe U.S. dollar is very weak. Investors are moving to real assets.\u201d \u201cThere is a massive shifting of wealth to new economic powers.\u201d<\/p>\n

\"\"Carl Icahn<\/strong>\u00a0(net worth of $21 billion)<\/p>\n

\u201cThe system is not working properly.\u201d \u00a0\u201cIn risk there is reward\u2026\u201d \u201cMy opinion is that, philosophically, I\u2019m doing the right thing in trying to shake up some of these managements. It\u2019s a problem in America today that we are not nearly as productive as we should be. That\u2019s why we have the balance-of-payments problems. It\u2019s like the fall of Rome, when half the population was on the dole.\u201d<\/p>\n

\"\"John Paulson<\/strong>\u00a0(net worth $11 billion invested in gold)<\/p>\n

\u201cI view gold as a currency, not a commodity. Its importance as a currency will continue to increase as the major central banks around the world continue to print money.\u201d<\/span><\/p>\n

\u201cOf all the investments we made in all the bankruptcies, all the events, all the mergers, etc., the single most important investment I made was switching to the gold share class.\u201d<\/span><\/p>\n

\"\"\u00a0Mikhail Prokhorov<\/strong>\u00a0(over $9 billion invested in gold)<\/p>\n

\u201cWe\u2019re looking now at what the world financial system is going to do with all this money that was printed during the financial crisis. If there\u2019s continued inflation, we\u2019ll see a global trend for raw materials and gold is not an exception. I\u2019m optimistic that the gold price will stay at the same price or higher.\u201d<\/p>\n

\"\"Paul Tudor Jones<\/strong>\u00a0(net worth of $3.3 billion)<\/p>\n

\u201cI have never been a gold bug, it is just an asset that, like everything else in life, has its time and place. And that time is\u00a0now<\/strong>.\u201d<\/span><\/p>\n

\"\"Stanley Druckenmiller<\/strong>\u00a0(net worth $4.4 billion)<\/p>\n

Druckenmiller\u2019s Fund recently bought $300 million worth of SPDR Gold Trust (GLD),<\/span>\u00a0an ETF that tracks the price of gold. It\u2019s a huge bet, even for a big-time trader like Druckenmiller.\u00a0He put 20% of his Fund\u2019s money into this trade, and it\u2019s his largest position. \u00a0He sees gold as a \u201chome run.\u201d<\/span><\/p>\n

\"\"Michael Avery<\/strong>\u00a0(holds $3.3 billion of Waddell & Reed Fund in gold)<\/p>\n

\u201cIn 5,000 years of human history, gold has been the currency of choice, the store of value, when humans have called into question their governments\u2019 efforts to solve problems by running printing presses and injecting money into the economy.\u201d<\/p>\n

\"\"Paul Singer<\/strong>\u00a0(net worth $1.9 billion)<\/p>\n

\u201cGold Is under owned and the \u201conly real money.\u201d<\/span><\/p>\n

\"\"David Einhorn<\/strong>\u00a0($1.4 billion net worth)<\/p>\n

\u201cGold is the money of choice and we would like to have a meaningful amount of our assets denominated in gold. It\u2019s the biggest position in the fund\u201d\u2026 \u201cIt\u2019s the one kind of money Bernanke can\u2019t print more of.\u201d<\/span><\/p>\n

\"\"M.G. George Muthoot<\/strong>\u00a0(net worth $1.1 billion)<\/p>\n

\u201cIf this business was as easy as it sounds, all my branch managers would be setting up their own gold loan companies.\u201d<\/p>\n

\"\"Eric Sprott<\/strong>\u00a0(net worth of $1.0 billion\u2026mostly related to precious metal investments)<\/p>\n

\u201cWe had the stock market collapse of 2001 \u2013 2003.\u00a0\u00a0Then we had (the more intense collapse of) 2007, 2008, 2009.\u00a0\u00a0The next one (collapse) is going to be worse because that\u2019s just how these cycles progress. This one that\u2019s in front of us, I\u2019m assuming it\u2019s going to be the mother of all stock market collapses.\u201d<\/p>\n

\"\"Thomas Kaplan<\/strong>\u00a0(over $1.0 billion invested in gold)<\/p>\n

\u201cPeople view gold as emotional, but when they de-mythologize it, when they look at it for what it is and the opportunity it represents, they\u2019re going to say, \u201cWe really should own some of that. The question will then change to \u201cWhere do we get the gold?\u201d<\/span><\/p>\n

\"\"Marc Stern<\/strong>\u00a0(holds $550 million of Bessemer Trust in gold)<\/p>\n

\u201cAt the core of the sharp downturn is an absence of confidence. Rising debt levels in Europe and the U.S., uncertainty about policymakers\u2019 willingness to restore fiscal order, and increasingly cautious corporate sentiment that is consistent with slowing global growth are the chief culprits.\u201d<\/p>\n

\"\"Jim Rogers<\/strong>\u00a0(net worth of $300 million)<\/p>\n

\u201cGold will be the great investment over the next decade.\u201d<\/span><\/p>\n

The Upshot Of\u00a0 This Article:<\/strong><\/p>\n

While we may not rationally hope to attain the level of wealth of these fabulous 15 BULLION BILLIONAIRES, we can copy, learn and take advantage of their example of wealth diversification and purchasing power preservation via gold investment.<\/strong><\/p>\n

\n
The above article has been edited by Lorimer Wilson, editor of\u00a0munKNEE.com<\/strong>\u00a0<\/a>(Your Key to Making Money!<\/em>)<\/span>\u00a0and the\u00a0FREE<\/strong><\/span>\u00a0Market Intelligence Report\u00a0<\/strong><\/a>newsletter (see sample\u00a0here<\/a>\u00a0\u2013 register\u00a0here<\/a>) for the sake of clarity ([ ]) and brevity (\u2026) to provide a fast and easy read.<\/div>\n<\/div>\n
<\/a><\/strong><\/h6>\n

*http:\/\/www.gold-eagle.com\/article\/bullion-billionaires-who-gold<\/p>\n","protected":false},"excerpt":{"rendered":"

October 25, 2015 Learn from the following 15 bullion billionaires regarding wealthdiversification and purchasing power preservation via gold investment. The commentary above & below consists of edited excerpts from an article*\u00a0by Vronsky (gold-eagle.com) The\u00a0following 15 investment gurus are eminently among the wealthiest men worldwide and, although their vast wealth was not built primarily from gold […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[138,137,48,233],"class_list":["post-149545","post","type-post","status-publish","format-standard","hentry","category-news","tag-common-stock-warrants","tag-dudley-baker","tag-gold","tag-munknee-com"],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/149545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=149545"}],"version-history":[{"count":2,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/149545\/revisions"}],"predecessor-version":[{"id":149547,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/149545\/revisions\/149547"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=149545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=149545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=149545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}