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Billionaire Hedge Fund Manager: “Gold Has Everything Going For It”

Posted by Metals Corporate on

By John McDonald Paul Tudor Jones, billionaire founder and manager of hedge fund Tudor Investment Corp., said in mid-June that gold is his “favorite trade” right now and will likely remain so for the next 1-2 years.  “[Gold] has everything going for it,” he told Bloomberg, adding that if the precious metal reached $1,400, it would “push to $1,700 rather quickly.” That particular insight is likely extremely exciting to gold investors looking to buy the metal in July, given gold prices have been hovering right around $1,400 since the beginning of July.  Thanks to easing tensions on the world geopolitical...

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