Well-known hedge fund manager, legendary investor Paul SinGEr, said that the recession is getting closer and closer, and holding gold is still the best way to diversify investment under the risk of re-pricing of US stock fabrics.
The recession is getting closer and closer to Paul Singer's hedge fund Elliott Management, which is close to $33 billion, and he raised $5 billion in the last month, the biggest financing since the hedge fund's inception, but it's clear He will not invest this money in the stock market.
The legendary investor said in a letter to investors last week that it is a good time to reserve "dry powder" (such as liquid assets, such as cash), because once Trump's stimulus grows The agenda cannot be successfully implemented. “The gates of hell will open.†As the “artificial crutches†of current risk assets are pulled away, the recession will gradually gradually approach.
Paul Singer pointed out: "Based on the collective thinking and determination of policy makers is to take all measures to prevent market collapse, we believe that the low volatility of stocks and bonds will continue until the magic disappears. At that time, the sky will fall, but nevertheless This sad scenario may bring extraordinary and short-term investment opportunities. The only way to seize these opportunities is to prepare the funds in advance."
He also said that he still holds gold and that gold is still the best means of hedging potential risks. He has prepared these "dry gunpowder" for potential market downturns.
During the global central bank's vigorous release of water, Singer has been the most outspoken skeptic, regularly warning the market about the price bubble risk in financial markets. Singer’s suspicion of the market did not prevent his fund from exceeding the performance of the S&P and even surpassing most of its peers.
The price of gold has risen by about 10% so far this year. Since May, the dollar has weakened again and boosted the price of gold. In May, the price of gold rose by about 0.6%. Last week, the gold 50-day moving average broke the 200-day moving average and the “Golden Fork Signal†appeared. The price of gold reached a new high of $1,270.
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