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5 Prominent Investors Who Love Gold

By    |   Friday, 10 July 2015 01:15 PM

Investors who love gold hold a certain amount despite price increases or decreases. Gold can go for years without rising or even losing money for investors. But the precious metal is more like insurance when looking at the future.

Here are five prominent investors who continue to buy and hold gold.

1. John Paulson
Billionaire hedge fund manager Paulson held onto his gold throughout a slump in gold prices in 2014. Paulson & Co. kept 10.23 million shares in the SPDR Gold Trust, according to government filings, Bloomberg reported. Paulson was the largest holder of the SPDR Gold Trust, which decreased by 11 percent in 2014. Gold prices fell 1.5 percent at the time and gold demand dropped to a five-year low, according to the World Gold Council.

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2. Mark Skousen
An economist, financial adviser and author of more than 20 books, Skousen admitted in an Investment U column that U.S. stock indexes often outperform gold prices, but the precious metal remains an important safety feature in investments. Gold has grown by more than three times its real value since the United States went off the gold standard to back the dollar in 1971.

Physical gold can become a “forced savings plan,” Skousen noted. While investors often buy and sell stocks quickly, they tend to hold onto the gold and silver coins they purchase. Gold is like insurance in case of uncertainty in the market. Skousen, however, recommends making gold no more than five percent of your portfolio.

3. Doug Casey
Investor and author Casey pointed out that gold can lose its value, but it is still necessary to invest in gold and other precious metals during unstable times, according to BuillionVault. Looking at a future that could be gloomy, Casey asserts that major banks in the world are not financially stable. Owning gold is a way to have your very own asset without depending on financial institutions, which could lose the money you have invested during a crisis.

4. Frank Holmes
CEO and chief investment officer at U.S. Global Investors in San Antonio, Holmes explained that gold becomes attractive when monetary policies cause debt and inflation that increase the value of precious metals. Gold also remains an expensive item internationally with India and China, both big buyers of gold, holding a majority of gold bars, coins and jewelry worldwide. “Fifty percent of the world’s population believes in gold … for love, romances, birthdays,” Holmes told Bankrate.

5. Anna Coulling
There are a number of reasons to invest in gold at specific times, gold trader and author Coulling wrote in Investing.com. Worldwide events, such as the debt crisis in Greece, make having gold assets something to think about for the future. Coulling reported that signs of inflation reveal opportunities to buy gold.

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Investors who love gold hold a certain amount despite price increases or decreases. Gold can go for years without rising or even losing money for investors. But the precious metal is more like insurance when looking at the future.
gold, prominent investors
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2015-15-10
Friday, 10 July 2015 01:15 PM
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