Bonmot #52: Gold vs. US-Dollar

by rwilli on 24. Oktober 2009

“What I’m looking at is not where gold is going to be tomorrow, one week from now, one month from now, three months from now. What I’m looking is where is gold going to be vis-a-vis the dollar one year from now, three years from now, five years from now. And I think, with a high probability, at each of these points, gold will be higher than it is relative to the dollar today. That probability increases the further out you go. So when I look at what the risk is, the risk to me is far more in staying in dollars than it is staying in gold at this point.”

John Paulsen, erfolgreicher Hedge Fund Manager (short housing/subprime), 12.10.2009

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