He declared gold is the "ultimate bubble" in January, and reiterates that sentiment today. Problem is, his fund loaded up on gold and gold-related assets last December. Is he talking down his book? You decide.
http://uk.reuters.com/article/idUKTRE68E3PX20100915
In the video, he declares gold is the ultimate bubble destined to "disappoint" investors, yet he admits gold has been the best-performing asset in his funds in 2010. He could have said gold was the best-performing asset class for the last 10 years, and still have been correct.
http://insider.thomsonreuters.com/link.html?ctype=groupchannel&chid=3&cid=144412&start=0&end=124&shareToken=MzoxOTI3YTRkNS1jMzRjLTQ1OTYtODJiNS1mNDY3OTg2ZWVjOWY%3D
Friday, September 17, 2010
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