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

Gold love trade could set new Valentine's spending record

"Of the $20.7 billion, an estimated 18%, or $3.9 billion, will be spent on jewelry alone, much of it featuring gold, silver, and other precious metals and minerals."

This AI company is the future of gold exploration

"We have more data at our fingertips than ever before, yet new discoveries have been on the decline despite ever increasing exploration spending on data collection."

Wall St., Main St. expect gold prices to remain buoyant

"Voters remained bullish even in the aftermath of a strong U.S. jobs report on Friday."