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."