Billionaire Sam Zell buys gold for first time in bet on tight supply
January 25, 2019

From Bloomberg:

Gold's dimming supply prospects have caught the eye of one billionaire.

"For the first time in my life, I bought gold because it is a good hedge," Sam Zell, the founder of Equity Group Investments, said in a Bloomberg TV interview. "Supply is shrinking and that is going to have a positive impact on the price."

Continue reading at Bloomberg...

You may also like

China drops heavy hint it is about to pull the trigger on its most powerful weapon in the trade war

"The US heavily relies on China for rare-earth materials, which are 17 elements widely used in products like batteries, smartphones, electric cars, and fighter jets."

China cashes in on the cannabis boom

"China has made your iPhone, your Nikes and, chances are, the lights on your Christmas tree. Now, it wants to grow your cannabis."

Why the world's central banks are going gaga over gold

"The world's central banks are snapping up the metal at the fastest rate in almost half a century in a trend that looks poised to continue."