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

|By:, SA News Editor

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."