Stanley Druckenmiller Returns To Gold

Discussion in 'Commodities Forum' started by longtermbull, Mar 6, 2017.

  1. longtermbull

    longtermbull Administrator Staff Member

    Joined:
    Nov 2016
    Posts:
    1,720
    Likes Received:
    20
    In light of the election of Donald Trump to president of the USA a number of experienced and extremely successful investors decided to reduce their exposure to gold. Historically gold is seen as a safe haven in times of trouble so, with many expecting the US stock market to push ahead, it made sense to reduce their exposure. Stanley Druckenmiller is one such extremely successful investor with a career taking in the likes of George Soros and his own company Duquesne Capital (closed down in 2010). So, Stanley Druckenmiller decides to return to gold – what were his reasons for doing so?

    Read full article
     
  2. JR Ewing

    JR Ewing Super Moderator Staff Member

    Joined:
    Feb 2014
    Posts:
    4,950
    Likes Received:
    39
    I think it's a good idea to have a little $ in gold.
     
  3. longtermbull

    longtermbull Administrator Staff Member

    Joined:
    Nov 2016
    Posts:
    1,720
    Likes Received:
    20
    Interesting to see if others follow suit - is the bull market now running out of steam?
     
  4. kirtimeliwal

    kirtimeliwal Senior Investor

    Joined:
    Jul 2017
    Posts:
    112
    Likes Received:
    2
    Gold is a very good option for investment as it is good for long term investment as value increases with time.
     
  5. gowiththeflow

    gowiththeflow Senior Investor

    Joined:
    Jul 2017
    Posts:
    1,041
    Likes Received:
    8
    Historically gold tends to benefit from wars and international friction - however the last few years have been different. As @JR Ewing said its sensible to have some gold exposure as a hedge but a huge switch like this seems overly cautious in the extreme.
     

Share This Page