Friday, February 6, 2009

Klarman Joins Einhorn--in Gold

We already mentioned here that Einhorn was buying gold. This article mentions that and adds that another great investor is acting on the same concerns.

Klarman, head of The Baupost Group, told investors in October that the firm had built a "sizable position in low-cost inflation protection for the next three to five years."

"The extraordinary and unpaid-for financial market bailout should add to inflationary pressures over time," he added. "The dollar will likely weaken over time, perhaps in a hurry, and gold may further strengthen."

3 comments:

  1. chào a. Danny dở hơi :))

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  2. Hi,

    Great post. Also, thank you for constantly delivering great content . I enjoy linking to your blog in my nightly investment links. Have a great weekend & take care.

    Best Regards,

    Miguel Barbosa
    Founder of SimoleonSense.com

    ReplyDelete
  3. Glad you liked the post--and am happy you took the time to say so. This visual guide to the financial crisis at your site is awesome!

    ReplyDelete