by Brian Maher
Daily Reckoning
“The smart money continues to jump on the gold bandwagon,” attests our resident trading wiz, Greg Guenthner, this morning. Greg’s the editor of TheRude Awakening, Agora Financial’s trading service.
The latest bandwagoneer? Billionaire fund manager Paul Singer. And he’s pounding his tom-toms for gold:
“It makes a great deal of sense to own gold. Other investors may be finally starting to agree. Investors have increasingly started processing the fact that the world’s central bankers are completely focused on debasing their currencies.”
Perhaps you’ll recall that another billionaire investor, Stanley Druckenmiller, just the other day advised folks to buy gold: