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Thursday, 01/17/2019 10:14:25 PM

Thursday, January 17, 2019 10:14:25 PM

Post# of 43377
Billionaire Investor Sam Zell Says He's Buying Gold "For The First Time In My Life"
by Tyler Durden - Thu, 01/17/2019 - 15:50

https://www.zerohedge.com/news/2019-01-17/billionaire-investor-sam-zell-says-hes-buying-gold-first-time-my-life

“For the first time in my life, I bought gold because it is a good hedge,” Sam Zell, the founder of Equity Group Investments, said in a Bloomberg TV interview. “Supply is shrinking and that is going to have a positive impact on the price.”

"The amount of capital being put into new gold mines is a most nonexistent," Zell said. "All of the money is being used to buy up rivals."

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