Tuesday, 12 May 2020
Paul Tudor Jones bets on inflation
The greatest trader in history is preparing for an inflationary decade:
https://www.zerohedge.com/markets/great-monetary-inflation-ptj-explains-why-bitcoin-will-dominate-gold-stocks-public-trust
While it is sometimes dangerous when famous (short-term) traders make longer-term investment predictions involving macroeconomics, and I have seen Paul Tudor Jones make erroneous macro forecasts before, the monetary madness that he highlights is starkly presented and the fact of him presenting it will serve to raise investor awareness of the inflationary risk - which will bring more investors into gold. His “fair value” range for gold is $2400-$6500/oz.
Notably, he mentions that he likes Bitcoin too and predictably, that is what the mainstream financial press jumped on. But his exposure to Bitcoin is “low single digits”, while I would bet a small fortune that his exposure to gold is ten times that.
Gold = $1703
Silver = $15.45
Platinum = $770
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