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"A run for the "Roses!"

in response to by
posted on Jul 08, 2009 04:26PM

"I see everything coming up roses for gold and those who mine it," says Chris Mayer, armed with proof he's not the only value hound with his eye on gold.

"For the first time in a couple of decades, some of America's most successful, big-name investors are buying gold. David Einhorn, the hedge fund manager who predicted the downfall of Lehman Bros., recently bought gold for the first time.

"And then there is John Paulson, the guy who made billions of dollars by correctly anticipating the housing bust and credit crisis. Paulson just plunked down $1.3 billion for an 11% stake in AngloGold. He's also got a big position in Kinross Gold.

"Peter Munk, the 81-year-old chairman and founder of Barrick Gold, also offers up his own anecdote about gold's broadening appeal. 'I have had more phone calls in the past six months than ever before - from people who have $120,000 inherited from grandmother, and from hedge fund managers with millions,' he says. 'I am not saying George Soros, but people of that caliber have told me they are buying gold.'

"You no longer have to be a gold bug to think gold will rise in price. In fact, this buying by some of the world's greatest investors may be the leading indicator for a quick 116% climb - to $2,000 per ounce or higher.

Give gold the cold stare of a professional handicapper and the odds look very good, indeed."

Ian Mathias

"Keep your eye on the ball! (The gold ring, the flower, the fruit, and the diamonds!)

RUF

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