Christopher Swann: Bugging the gold bugs
Gold continues to develop an illustrious hedge fund fan base. George Soros, for instance, doubled his holdings during the last quarter of 2009. But, enthusiasts for the yellow metal should be perturbed by the waning interest from central banks. Soros is in the company of hedge fund luminaries such as John Paulson, Paul Tudor Jones and David [...]
Is gold a good hedge?
As I walked through the airport in Dubai recently, I was struck by the large number of travellers who were buying gold coins. They were not reacting to Dubai’s financial trouble, but rather were joining the eager rush to own gold before its price rises even further. Such behaviour has pushed the price of gold from $400 an ounce in 2005 to more [...]