Three Wise Men

Jordan Eliseo

ABC Bullion

Stanley Druckenmiller officially joined the unabashed gold bull club this week, when it was revealed Duquesne Capital has $300m invested in the precious metal. In so doing, Druckenmiller joins Ray Dalio and Jean Marie Eveillard as a fan of the yellow metal, with Dalio famously stating that the only people who don't own gold know neither history nor economics. Eveillard, whose First Eagle Global Fund more than tripled the performance of the MSCI World over the past 35 years, has also spoken of the importance of owning gold, stating that it above all other investments is the one asset every investor should own. It remains the largest individual position in Global Fund, as their latest portfolio holdings report will attest. This week all three would have been satisfied with the return on the markets least favourite asset class, with USD gold up nearly 4% as equity volatility, a USD correction and some short covering combined to propel prices higher YTD, AUD Gold is up 10%, on track to once again outperform the stock market. (VIEW LINK)

1 topic

Jordan Eliseo
General Manager
ABC Bullion

Gold bull since early 2000. Have spent +20yrs working in investment analytics, research & portfolio construction. Author of two books on investing in gold and the causes of the GFC. Lover of markets, competition & technology

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Sign In or Join Free to comment