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[jumanji0881]

Sam Zell Buys Gold To Hedge Against Surging Inflation, "Debasement" Of The Dollar : https://www.zerohedge.com/markets/sam-zell-buys-gold-hedge-against-surging-inflation-debasement-dollar

Excerpt:
Many are questioning whether gold (which has been out of favor seemingly since the financial crisis) has become obsolete in the age of crypto, and Zell acknowledged that even he has mocked investors for believing in the yellow pet rock.

"Obviously one of the natural reactions is to buy gold...It feels very funny because I’ve spent my career talking about why would you want to own gold? It has no income, it costs to store. And yet, when you see the debasement of the currency, you say, what am I going to hold on to?"

Continuing on this theme, the 79-year-old Zell says he's also concerned about the dollar, and other currencies as well as countries print money like the US. He also questioned whether inflation will be transitory, as Powell and others - though not Treasury Secretary Janet Yellen - have insisted.