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Hedge fund managers bet on gold as an asset storage

[vc_row][vc_column][vc_paragraph text=”Hedge funds believe that inflation will inevitably rise. They turn to valuable assets including gold and crypto.“][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Big market turmoil before the financial crisis”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Hedge funds investments are flowing in securities even despite the stock market continue to grow.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”According to Bloomberg’s report, experienced investors are hedging their bets against increasing inflation by investing in gold.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Against the current economic conditions when central banks are running money printing machines, hedge-fund managers are buying precious metals.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The same thing happened during the 2008 crisis but investors used to stay aside when inflation remained low.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Bloomberg describes the ‘gold team’ as ‘hedge fund stars’ including Paul Singer at Elliott Management, David Einhorn at Greenlight Capital and Crispin Odi at the self-titled hedge fund. Odi himself describes gold as a ‘save from monetization’. Singer calls precious metals ‘one of the most underestimated assets of all currently existing’. “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Hedge funds registered big losses during the last financial crisis when the hyperinflation predictions have not been fulfilled proving that such famous managers as John Paulson (actually, he was right about the mortgage loans in 2007) were mistaken about gold as an asset.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”In 2013 the gold fund amounting to $700 million lost more than a quarter of its value in a month after the price decreased by one fifth.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”But these time managers believe that the governmental incentives implemented due to COVID-19 will finally bring gold to success.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The famous billionaire Cameron Winklevoss compared gold and Bitcoin investors calling them ‘stars’ and ‘visionaries’.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Although god and BTC are often considered as competing assets with preservation of value, some of the crypto leaders support both of them.”][/vc_column][/vc_row]