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The rationale for owning gold (GLD, IAU) hasn't gone away, John Paulson tells CNBC, reminding...

The rationale for owning gold (GLD, IAU) hasn't gone away, John Paulson tells CNBC, reminding that his investors who bought into the metal when he first got bullish are way ahead. As for the metal's recent fast decline? Markets fluctuate, he says. "People who bought gold in anticipation of inflation have lost patience ... The consequences of printing money over time will be inflation."
Comments (3)
  • Thank you CNBC for allowing Mr. Paulson to convey his important insights to the investing public. I'd just wished he'd been able to be as forthright about his Goldman-assisted CDO trades back in '07. He's a national treasure.
    17 Jul 2013, 03:39 PM Reply Like
  • gold will go up when he sells...
    17 Jul 2013, 06:36 PM Reply Like
  • printing money=au up!
    18 Jul 2013, 09:03 PM Reply Like
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