Paulson Having Trouble Finding Gold Fund Investors
According to the WSJ, hedge fund extraordinaire Paulson is having trouble lining up investors for his anticipated “gold fund”. After making a killing betting on a housing crash, you’d think maybe people would buy into Paulson’s macro-economic views and corresponding investments.
From my point of view, this should prove that gold is not a bubble or anywhere near a bubble. There are still entirely too many investors not interested in investing in gold. A bubble, on the other hand, would have everyone from your lawn man to your taxi driver buying gold. Or, maybe we just throw around the term “bubble” far too often these days – we are having a bubble in usage of the term bubble.