Bloomberg:
Jan. 28 (Bloomberg) -- Greenlight Capital Inc. founderI agree with Mr. Einhorn. Gold is moving up against almost everything recently. No major central bank wants a strong currency right now as they fight inflation. Competitive devaluation is the most powerful mover of gold prices over the long term. Should the public latch on to this idea we could see a stampede like like 1980. Gold $3000 anyone.
David Einhorn, 40, is finally taking his grandfather’s advice.
The $5.1 billion hedge fund is buying gold for the first time
amid the threat of inflation from increased government spending.
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