Thomas Lott
Long/short equity, deep value, special situations, hedge fund manager

Allied Nevada: Buying Gold At $170 Per Ounce

First of all, let me state for the record that I am not a gold bug. I do not linger in my basement salivating over gold bars while babbling about imminent inflation and world chaos. Gold as insurance seems a weak argument to me honestly, as I would rather own Coke or MasterCard, which have pricing power plus a return on capital. (Yes, I own both.) I feel quite confident that people will be usi...

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