30
October
Paul Tudor Jones Says Now Is Time, Place for Gold as an Asset
30 October 2009 Bloomberg.com
The time to hold gold is now as faster inflation and increased purchases through exchange-traded funds and by central banks boost demand amid stagnant mine output, Paul Tudor Jones’s Tudor Investment Corp. said.
“I have never been a gold bug,” Jones, whose company manages about $11.6 billion out of Greenwich, Connecticut, told investors in an Oct. 15 letter, a copy of which was obtained by Bloomberg News. “It is just an asset that, like everything else in life, has its time and place. And now is that time.”
http://www.bloomberg.com/apps/news?pid=20601087&sid=anNG9T__.c_M
