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Sam Zell is a 77-year-old real estate titan whose net worth is estimated at $5.5 billion. He told Bloomberg last year that he bought gold for the first time in his life as a “good hedge.”
Billionaire investor Paul Tudor Jones has made so many brilliant investment calls in his lifetime. So when Jones started buying gold, millionaires wanting to get into the billionaires club started following.
Billionaires know how to make money even when others are losing it. So, if you want to be in the same league, do what they do… and this is what they are doing.
Billionaire investor Paul Tudor Jones has made so many brilliant investment calls in his lifetime. That’s why he is a billionaire, $5.1 Billion last time Forbes checked. I have a feeling there’s more in his vault now after he bought millions worth of gold bullion last year.
Let’s take a look at an article written by Jim Rickards on how the price manipulation of the futures markets in gold means that the gold price does not reflect its true value. The COMEX market in the United States and the London Gold metals markets have made an art out of market manipulation of the gold market in futures contracts.